Shares of Castlight Health Inc (NYSE:CSLT) have received an average rating of “Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $5.06.
Several brokerages recently issued reports on CSLT. Zacks Investment Research downgraded shares of Castlight Health from a “buy” rating to a “hold” rating in a report on Friday, March 1st. ValuEngine downgraded shares of Castlight Health from a “hold” rating to a “sell” rating in a report on Wednesday, December 5th. Cantor Fitzgerald reissued a “buy” rating and set a $5.00 price target on shares of Castlight Health in a report on Monday, December 17th. Finally, William Blair reaffirmed an “outperform” rating on shares of Castlight Health in a research note on Thursday, December 20th.
In other Castlight Health news, CEO John C. Doyle sold 22,956 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $3.13, for a total value of $71,852.28. Following the completion of the transaction, the chief executive officer now directly owns 276,773 shares of the company’s stock, valued at $866,299.49. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Mangini Siobhan Nolan sold 11,319 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $2.21, for a total transaction of $25,014.99. Following the completion of the transaction, the chief financial officer now directly owns 225,458 shares of the company’s stock, valued at $498,262.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,105 shares of company stock valued at $266,964. Insiders own 22.58% of the company’s stock.
CSLT stock traded up $0.10 during trading on Friday, hitting $3.74. 453,115 shares of the stock traded hands, compared to its average volume of 316,954. Castlight Health has a one year low of $1.86 and a one year high of $5.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.89 and a quick ratio of 1.89.
Castlight Health Company Profile
Castlight Health, Inc provides a software-as-a-service platform used for health benefits navigation for employees in the United States. Its platform matches employees to the resources their employers make available to them; managing a condition; and assists them to manage their benefits. The company also offers communication and testing, implementation, and user customer support services.
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