BidaskClub upgraded shares of Castlight Health, inc. (NYSE:CSLT) from a sell rating to a hold rating in a research report report published on Thursday morning.

CSLT has been the subject of a number of other reports. Canaccord Genuity upgraded shares of Castlight Health, inc. from a hold rating to a buy rating in a report on Tuesday, October 10th. Cowen and Company reiterated a market perform rating and set a $4.50 price objective (up from $4.00) on shares of Castlight Health, inc. in a report on Thursday, August 3rd. ValuEngine cut shares of Castlight Health, inc. from a hold rating to a sell rating in a report on Thursday, August 10th. Finally, Dougherty & Co reiterated a buy rating on shares of Castlight Health, inc. in a report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Castlight Health, inc. has an average rating of Hold and an average target price of $4.63.

Castlight Health, inc. (NYSE:CSLT) traded down 3.33% during mid-day trading on Thursday, reaching $4.35. 220,241 shares of the company’s stock were exchanged. Castlight Health, inc. has a 12 month low of $3.05 and a 12 month high of $5.50. The stock has a 50-day moving average of $4.14 and a 200-day moving average of $4.03. The firm’s market cap is $572.84 million.

Castlight Health, inc. (NYSE:CSLT) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The business had revenue of $32.10 million during the quarter, compared to analysts’ expectations of $31.14 million. Castlight Health, inc. had a negative net margin of 42.54% and a negative return on equity of 36.30%. The business’s quarterly revenue was up 36.0% on a year-over-year basis. During the same period last year, the company posted ($0.11) earnings per share. Analysts anticipate that Castlight Health, inc. will post ($0.25) earnings per share for the current year.

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In other news, CEO John C. Doyle sold 35,184 shares of Castlight Health, inc. stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $3.65, for a total transaction of $128,421.60. Following the completion of the transaction, the chief executive officer now directly owns 75,639 shares in the company, valued at $276,082.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mangini Siobhan Nolan sold 28,639 shares of Castlight Health, inc. stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $3.66, for a total transaction of $104,818.74. Following the transaction, the chief financial officer now owns 41,622 shares of the company’s stock, valued at $152,336.52. The disclosure for this sale can be found here. Insiders have sold 208,287 shares of company stock valued at $795,240 over the last quarter. Corporate insiders own 37.43% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of Castlight Health, inc. during the second quarter valued at about $264,000. California State Teachers Retirement System boosted its holdings in Castlight Health, inc. by 39.7% during the second quarter. California State Teachers Retirement System now owns 113,399 shares of the software maker’s stock worth $471,000 after purchasing an additional 32,200 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Castlight Health, inc. by 59.5% during the second quarter. The Manufacturers Life Insurance Company now owns 56,233 shares of the software maker’s stock worth $233,000 after purchasing an additional 20,983 shares during the last quarter. State Street Corp boosted its holdings in Castlight Health, inc. by 48.1% during the second quarter. State Street Corp now owns 973,648 shares of the software maker’s stock worth $4,037,000 after purchasing an additional 316,319 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its holdings in Castlight Health, inc. by 2.8% during the second quarter. Maverick Capital Ltd. now owns 1,221,809 shares of the software maker’s stock worth $5,071,000 after purchasing an additional 33,735 shares during the last quarter. Hedge funds and other institutional investors own 41.29% of the company’s stock.

About Castlight Health, inc.

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.

Analyst Recommendations for Castlight Health, inc. (NYSE:CSLT)

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