Castlight Health Inc (NYSE:CSLT) has earned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $5.20.
A number of equities research analysts have weighed in on the company. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.
Shares of CSLT stock traded up $0.05 during trading hours on Friday, reaching $3.16. The company’s stock had a trading volume of 245,700 shares, compared to its average volume of 472,105. The company’s 50 day moving average is $3.12. The firm has a market capitalization of $456.35 million, a P/E ratio of -19.84 and a beta of 1.47. Castlight Health has a fifty-two week low of $1.86 and a fifty-two week high of $5.95. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.09.
Castlight Health (NYSE:CSLT) last issued its earnings results on Thursday, May 2nd. The software maker reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). The business had revenue of $35.50 million during the quarter, compared to analyst estimates of $35.10 million. Castlight Health had a negative net margin of 23.04% and a negative return on equity of 11.47%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) EPS. On average, research analysts expect that Castlight Health will post -0.11 EPS for the current year.
In other news, EVP Neeraj Gupta sold 8,738 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $3.61, for a total value of $31,544.18. Following the completion of the transaction, the executive vice president now directly owns 275,255 shares in the company, valued at approximately $993,670.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 22,538 shares of company stock valued at $79,721 over the last quarter. 17.37% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in CSLT. FMR LLC lifted its stake in shares of Castlight Health by 18.4% in the 4th quarter. FMR LLC now owns 15,247,019 shares of the software maker’s stock valued at $33,086,000 after acquiring an additional 2,371,475 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Castlight Health by 14.5% in the 4th quarter. BlackRock Inc. now owns 6,614,210 shares of the software maker’s stock valued at $14,353,000 after acquiring an additional 839,880 shares during the last quarter. Gagnon Securities LLC lifted its stake in shares of Castlight Health by 40.3% in the 1st quarter. Gagnon Securities LLC now owns 2,773,736 shares of the software maker’s stock valued at $10,402,000 after acquiring an additional 796,659 shares during the last quarter. Gagnon Advisors LLC lifted its stake in shares of Castlight Health by 63.4% in the 1st quarter. Gagnon Advisors LLC now owns 1,909,825 shares of the software maker’s stock valued at $7,162,000 after acquiring an additional 740,769 shares during the last quarter. Finally, Raging Capital Management LLC bought a new position in Castlight Health during the 4th quarter worth $1,557,000. Institutional investors own 53.38% of the company’s stock.
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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