Castlight Health, inc. (NYSE:CSLT) issued its earnings results on Wednesday, October 25th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.02, Bloomberg Earnings reports. The company had revenue of $34.60 million during the quarter, compared to analysts’ expectations of $34.61 million. Castlight Health, inc. had a negative return on equity of 32.57% and a negative net margin of 45.14%. The firm’s quarterly revenue was up 35.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.05) EPS. Castlight Health, inc. updated its FY17 guidance to ($0.28)-(0.24) EPS.
Shares of Castlight Health, inc. (NYSE:CSLT) opened at $3.95 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.03. Castlight Health, inc. has a 12-month low of $3.05 and a 12-month high of $5.50.
In other Castlight Health, inc. news, insider Giovanni M. Colella sold 8,100 shares of Castlight Health, inc. stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $3.67, for a total value of $29,727.00. Following the transaction, the insider now directly owns 97,969 shares in the company, valued at approximately $359,546.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Giovanni M. Colella sold 23,800 shares of Castlight Health, inc. stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $4.05, for a total value of $96,390.00. Following the completion of the transaction, the insider now owns 78,906 shares in the company, valued at $319,569.30. The disclosure for this sale can be found here. Insiders have sold a total of 158,487 shares of company stock worth $597,608 in the last three months. Corporate insiders own 37.43% of the company’s stock.
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A number of equities analysts have recently weighed in on CSLT shares. Cowen and Company reiterated a “market perform” rating and set a $4.50 price target (up from $4.00) on shares of Castlight Health, inc. in a report on Thursday, August 3rd. BidaskClub upgraded Castlight Health, inc. from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Canaccord Genuity upgraded Castlight Health, inc. from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. ValuEngine upgraded Castlight Health, inc. from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Chardan Capital decreased their target price on Castlight Health, inc. from $6.50 to $6.30 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $5.22.
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.
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