Castlight Health Inc (CSLT) Receives $5.31 Average Price Target from Analysts
Castlight Health Inc (NYSE:CSLT) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.20.
CSLT has been the topic of several recent analyst reports. Zacks Investment Research raised Castlight Health from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research report on Wednesday, January 31st. Chardan Capital reaffirmed a “buy” rating and issued a $5.75 price target (down from $6.30) on shares of Castlight Health in a research report on Thursday. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $5.00 price target on shares of Castlight Health in a research report on Wednesday. Finally, BidaskClub cut Castlight Health from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th.
Shares of Castlight Health (CSLT) traded up $0.15 during midday trading on Tuesday, reaching $3.70. The company’s stock had a trading volume of 303,986 shares, compared to its average volume of 391,792. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.03. The company has a market cap of $494.83, a P/E ratio of -8.22 and a beta of 1.57. Castlight Health has a 52 week low of $3.10 and a 52 week high of $4.75.
In other news, CEO John C. Doyle sold 10,644 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $3.63, for a total transaction of $38,637.72. Following the sale, the chief executive officer now directly owns 157,422 shares in the company, valued at $571,441.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mangini Siobhan Nolan sold 18,201 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $3.63, for a total value of $66,069.63. Following the sale, the chief financial officer now owns 120,788 shares in the company, valued at $438,460.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,184 shares of company stock worth $120,762. 37.43% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in shares of Castlight Health during the fourth quarter valued at approximately $126,000. Deutsche Bank AG boosted its stake in Castlight Health by 149.1% in the 4th quarter. Deutsche Bank AG now owns 142,486 shares of the software maker’s stock valued at $533,000 after buying an additional 85,297 shares in the last quarter. Folger Hill Asset Management LP acquired a new stake in Castlight Health in the 4th quarter valued at $1,144,000. Geode Capital Management LLC boosted its stake in Castlight Health by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 530,130 shares of the software maker’s stock valued at $1,987,000 after buying an additional 22,817 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Castlight Health by 1.3% in the 4th quarter. BlackRock Inc. now owns 3,575,033 shares of the software maker’s stock valued at $13,406,000 after buying an additional 44,923 shares in the last quarter. Institutional investors and hedge funds own 43.40% of the company’s stock.
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Castlight Health Company Profile
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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