Castlight Health Inc (CSLT) was Reiterated by FBR Capital to “Mkt Perform” while Lowering the Price Target of the company shares to $ 4 from a previous price target of $5 . FBR Capital advised their investors in a research report released on May 11, 2016.
Many Wall Street Analysts have commented on Castlight Health Inc. Shares were Reiterated by Topeka Capital Markets on Feb 18, 2016 to “Buy” and Lowered the Price Target to $ 6 from a previous price target of $6.50 .Shares were Reiterated by Stifel on Feb 18, 2016 to “Buy” and Lowered the Price Target to $ 6 from a previous price target of $7 .
On the company’s financial health, Castlight Health Inc reported $-0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 10, 2016. Analyst had a consensus of $-0.15. The company had revenue of $22.70 million for the quarter, compared to analysts expectations of $22.12 million. The company’s revenue was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.
Castlight Health Inc closed down -0.1 points or -2.97% at $3.27 with 1,25,708 shares getting traded on Tuesday. Post opening the session at $3.37, the shares hit an intraday low of $3.22 and an intraday high of $3.39 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Feb 19, 2016, John Mccracken (SVP, World Wide Sales) sold 7,016 shares at $2.77 per share price. According to the SEC, on Jan 5, 2015, Giovanni M. Colella (CEO and Co-Founder) sold 27,474 shares at $12.03 per share price.
Castlight Health Inc. is a provider of cloud-based software that enables enterprises to understand and manage health care spending as a business investment and help employees and their families make medical decisions. The Company’s Enterprise Healthcare Cloud provides information to its employees implementing technology-enabled benefit designs and integrating systems and applications. The Company deploys consumer-oriented applications that deliver employee engagement and enable employers to integrate benefit programs into one platform available to employees and their families. The Company’s Enterprise Healthcare Cloud offering transforms data into transparent and useful information. This data include external data which it obtains from sources such as health care providers insurance companies governmental agencies and quality-monitoring organizations as well as internal data generated through the usage of its applications.