Castlight Health, inc. (CSLT) Upgraded by BidaskClub to Hold

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.

Several other analysts have also weighed in on CSLT. ValuEngine lowered Castlight Health, inc. from a hold rating to a sell rating in a report on Thursday, August 10th. Canaccord Genuity upgraded Castlight Health, inc. from a hold rating to a buy rating in a report on Tuesday. Dougherty & Co restated a buy rating on shares of Castlight Health, inc. in a report on Thursday, August 17th. Finally, Cowen and Company restated a market perform rating and issued a $4.50 price objective (up previously from $4.00) on shares of Castlight Health, inc. in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $4.63.

Castlight Health, inc. (NYSE CSLT) traded down 3.33% during midday trading on Thursday, reaching $4.35. The company’s stock had a trading volume of 220,241 shares. The company’s market capitalization is $572.84 million. The company’s 50-day moving average price is $4.11 and its 200-day moving average price is $4.01. Castlight Health, inc. has a 1-year low of $3.05 and a 1-year high of $5.50.

Castlight Health, inc. (NYSE:CSLT) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The business had revenue of $32.10 million during the quarter, compared to analyst estimates of $31.14 million. Castlight Health, inc. had a negative return on equity of 36.30% and a negative net margin of 42.54%. The company’s revenue was up 36.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. On average, analysts predict that Castlight Health, inc. will post ($0.25) earnings per share for the current fiscal year.

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In other news, insider Giovanni M. Colella sold 26,800 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $3.89, for a total transaction of $104,252.00. Following the completion of the sale, the insider now directly owns 78,906 shares of the company’s stock, valued at $306,944.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Giovanni M. Colella sold 23,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $4.06, for a total value of $93,380.00. Following the sale, the insider now directly owns 78,906 shares of the company’s stock, valued at $320,358.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 208,287 shares of company stock valued at $795,240. 37.43% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stifel Financial Corp lifted its holdings in shares of Castlight Health, inc. by 4.3% during the first quarter. Stifel Financial Corp now owns 36,500 shares of the software maker’s stock valued at $133,000 after purchasing an additional 1,500 shares during the last quarter. Oxford Asset Management purchased a new stake in shares of Castlight Health, inc. during the first quarter valued at $102,000. FNY Partners Fund LP purchased a new stake in shares of Castlight Health, inc. during the first quarter valued at $164,000. Teachers Advisors LLC lifted its holdings in shares of Castlight Health, inc. by 8.1% during the fourth quarter. Teachers Advisors LLC now owns 62,781 shares of the software maker’s stock valued at $311,000 after purchasing an additional 4,717 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Castlight Health, inc. by 7.6% during the first quarter. Vanguard Group Inc. now owns 2,673,760 shares of the software maker’s stock valued at $9,760,000 after purchasing an additional 189,359 shares during the last quarter. 41.29% of the stock is owned by institutional investors and hedge funds.

Castlight Health, inc. 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.

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

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