Shares of Castlight Health Inc (NYSE:CSLT) have received a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $5.31.
Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Castlight Health from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Cantor Fitzgerald raised shares of Castlight Health from a “neutral” rating to an “overweight” rating and set a $5.00 target price on the stock in a research note on Tuesday, January 30th. BidaskClub cut shares of Castlight Health from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $7.00 target price on shares of Castlight Health in a research note on Thursday, October 26th. Finally, Chardan Capital lowered their target price on shares of Castlight Health from $6.50 to $6.30 and set a “buy” rating on the stock in a research note on Thursday, October 26th.
Institutional investors and hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC raised its holdings in shares of Castlight Health by 25.4% during the 2nd quarter. Voya Investment Management LLC now owns 26,929 shares of the software maker’s stock worth $112,000 after acquiring an additional 5,453 shares during the period. MetLife Investment Advisors LLC purchased a new position in shares of Castlight Health during the 4th quarter worth $126,000. Nationwide Fund Advisors raised its holdings in shares of Castlight Health by 49.5% during the 2nd quarter. Nationwide Fund Advisors now owns 36,418 shares of the software maker’s stock worth $151,000 after acquiring an additional 12,061 shares during the period. First Quadrant L P CA purchased a new position in shares of Castlight Health during the 4th quarter worth $167,000. Finally, Stifel Financial Corp raised its holdings in shares of Castlight Health by 12.3% during the 2nd quarter. Stifel Financial Corp now owns 41,000 shares of the software maker’s stock worth $171,000 after acquiring an additional 4,500 shares during the period. 43.40% of the stock is currently owned by institutional investors.
Shares of Castlight Health (NYSE:CSLT) opened at $3.85 on Tuesday. Castlight Health has a one year low of $3.10 and a one year high of $4.75. 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 stock has a market cap of $514.89, a price-to-earnings ratio of -8.19 and a beta of 1.57.
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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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