Castlight Health Inc (NYSE:CSLT) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $1.60.

A number of analysts have recently issued reports on CSLT shares. ValuEngine cut Castlight Health from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Canaccord Genuity reissued a “hold” rating on shares of Castlight Health in a report on Thursday. Zacks Investment Research cut Castlight Health from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $2.00 price target (down from $3.00) on shares of Castlight Health in a report on Wednesday, February 26th.

In related news, President Mangini Siobhan Nolan sold 34,817 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1.23, for a total transaction of $42,824.91. Following the transaction, the president now directly owns 391,765 shares of the company’s stock, valued at approximately $481,870.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Zant Kenny Van purchased 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were purchased at an average cost of $1.01 per share, for a total transaction of $252,500.00. In the last 90 days, insiders have purchased 365,000 shares of company stock worth $348,800 and have sold 87,858 shares worth $108,134. Insiders own 17.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CSLT. Metropolitan Life Insurance Co NY purchased a new stake in shares of Castlight Health in the first quarter worth $97,000. California Public Employees Retirement System raised its position in shares of Castlight Health by 54.2% in the fourth quarter. California Public Employees Retirement System now owns 106,400 shares of the software maker’s stock worth $142,000 after buying an additional 37,405 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Castlight Health by 14.5% in the fourth quarter. Russell Investments Group Ltd. now owns 347,427 shares of the software maker’s stock worth $461,000 after buying an additional 43,902 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Castlight Health in the fourth quarter worth $50,000. Finally, State Street Corp raised its position in shares of Castlight Health by 1.8% in the fourth quarter. State Street Corp now owns 1,830,678 shares of the software maker’s stock worth $2,435,000 after buying an additional 31,869 shares in the last quarter. 55.60% of the stock is owned by institutional investors and hedge funds.

CSLT stock opened at $0.72 on Wednesday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $0.71 and a two-hundred day moving average price of $1.13. The company has a market cap of $100.54 million, a price-to-earnings ratio of -1.23 and a beta of 1.49. Castlight Health has a twelve month low of $0.60 and a twelve month high of $3.74.

Castlight Health (NYSE:CSLT) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.06. Castlight Health had a negative return on equity of 17.07% and a negative net margin of 58.42%. The firm had revenue of $39.05 million during the quarter, compared to the consensus estimate of $32.80 million. On average, equities research analysts anticipate that Castlight Health will post -0.23 EPS for the current fiscal year.

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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