Castlight Health Inc (NYSE:CSLT) Receives $1.57 Average Price Target from Analysts
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.
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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