Castlight Health Inc (NYSE:CSLT) has earned an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $5.00.
CSLT has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Castlight Health from a “d+” rating to a “c-” rating in a research note on Wednesday, July 31st. ValuEngine upgraded shares of Castlight Health from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Cantor Fitzgerald lowered shares of Castlight Health from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 30th. Finally, Zacks Investment Research downgraded shares of Castlight Health from a “hold” rating to a “sell” rating in a report on Monday.
In related news, EVP Neeraj Gupta sold 8,738 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $3.61, for a total transaction of $31,544.18. Following the sale, the executive vice president now owns 275,255 shares of the company’s stock, valued at $993,670.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 22,538 shares of company stock worth $74,521. 17.37% of the stock is owned by insiders.
Shares of Castlight Health stock traded down $0.04 on Tuesday, reaching $1.54. 621,400 shares of the stock were exchanged, compared to its average volume of 501,581. Castlight Health has a 1-year low of $1.50 and a 1-year high of $4.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.88 and a quick ratio of 1.88. The stock’s fifty day simple moving average is $2.84. The firm has a market capitalization of $227.46 million, a price-to-earnings ratio of -9.63 and a beta of 1.41.
Castlight Health (NYSE:CSLT) last issued its quarterly earnings results on Tuesday, July 30th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Castlight Health had a negative return on equity of 9.28% and a negative net margin of 19.68%. The firm had revenue of $35.90 million for the quarter, compared to analyst estimates of $36.95 million. During the same quarter last year, the firm earned ($0.10) earnings per share. The company’s revenue was down 5.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Castlight Health will post -0.19 earnings per share for the current fiscal year.
About Castlight Health
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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