Castlight Health (NYSE:CSLT) will be posting its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect Castlight Health to post earnings of ($0.05) per share for the quarter.
Castlight Health (NYSE:CSLT) opened at $3.45 on Wednesday. Castlight Health has a one year low of $3.05 and a one year high of $4.75. The company has a market capitalization of $461.39, a price-to-earnings ratio of -7.34 and a beta of 1.57. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.03.
CSLT has been the subject of several analyst reports. Zacks Investment Research raised Castlight Health from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a research note on Wednesday, January 31st. Chardan Capital lowered their target price on Castlight Health from $6.50 to $6.30 and set a “buy” rating for the company in a research note on Thursday, October 26th. Canaccord Genuity reissued a “buy” rating and set a $7.00 target price on shares of Castlight Health in a research note on Thursday, October 26th. BidaskClub cut Castlight Health from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, Cantor Fitzgerald raised Castlight Health from a “neutral” rating to an “overweight” rating and set a $5.00 target price for the company in a research note on Tuesday, January 30th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $5.11.
In other Castlight Health news, CFO Mangini Siobhan Nolan sold 8,866 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $3.70, for a total transaction of $32,804.20. Following the completion of the sale, the chief financial officer now directly owns 78,561 shares of the company’s stock, valued at approximately $290,675.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John C. Doyle sold 13,686 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $3.71, for a total value of $50,775.06. Following the sale, the chief executive officer now directly owns 123,705 shares of the company’s stock, valued at $458,945.55. The disclosure for this sale can be found here. Insiders sold a total of 22,778 shares of company stock valued at $84,411 over the last three months. Company insiders own 24.38% of the company’s stock.
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About Castlight Health
Castlight Health, Inc offers a health benefits platform that engages employees to make healthcare decisions, and enables employers to communicate and measure their benefit programs. The Company operates through cloud-based products segment. Its technology offering aggregates data and applies analytics to make healthcare data transparent.
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