Castlight Health (NYSE:CSLT) will be issuing its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
NYSE CSLT opened at $3.67 on Thursday. The firm has a market cap of $533.89 million, a P/E ratio of -22.94 and a beta of 1.58. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.02. Castlight Health has a fifty-two week low of $1.86 and a fifty-two week high of $5.95.
CSLT has been the topic of several analyst reports. ValuEngine upgraded Castlight Health from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded Castlight Health from a “hold” rating to a “strong-buy” rating and set a $4.50 target price on the stock in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $5.06.
An institutional investor recently raised its position in Castlight Health stock. Geode Capital Management LLC raised its holdings in shares of Castlight Health Inc (NYSE:CSLT) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 827,870 shares of the software maker’s stock after acquiring an additional 85,867 shares during the quarter. Geode Capital Management LLC owned approximately 0.59% of Castlight Health worth $1,795,000 as of its most recent SEC filing. 49.79% of the stock is owned by hedge funds and other institutional investors.
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Castlight Health Company Profile
Castlight Health, Inc provides a software-as-a-service platform used for health benefits navigation for employees in the United States. Its platform matches employees to the resources their employers make available to them; managing a condition; and assists them to manage their benefits. The company also offers implementation, user and customer support, and marketplace services.
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