The stock of Castlight Health Inc (NYSE:CSLT) is a huge mover today! The stock decreased 3.42% or $0.14 during the last trading session, hitting $3.95. About 502,123 shares traded hands or 121.49% up from the average. Castlight Health Inc (NYSE:CSLT) has risen 27.81% since March 2, 2016 and is uptrending. It has outperformed by 19.55% the S&P500.
The move comes after 7 months negative chart setup for the $400.76M company. It was reported on Oct, 6 by Barchart.com. We have $3.40 PT which if reached, will make NYSE:CSLT worth $56.11M less.
Analysts await Castlight Health Inc (NYSE:CSLT) to report earnings on November, 2. They expect $-0.14 earnings per share, up 30.00% or $0.06 from last year’s $-0.2 per share. After $-0.16 actual earnings per share reported by Castlight Health Inc for the previous quarter, Wall Street now forecasts -12.50% EPS growth.
Castlight Health Inc (NYSE:CSLT) Ratings Coverage
Out of 6 analysts covering Castlight Health (NYSE:CSLT), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Castlight Health has been the topic of 12 analyst reports since October 9, 2015 according to StockzIntelligence Inc. The company was initiated on Wednesday, December 16 by Topeka Capital Markets. The stock of Castlight Health Inc (NYSE:CSLT) has “Overweight” rating given on Friday, October 9 by First Analysis. The company was maintained on Wednesday, May 11 by FBR Capital. As per Thursday, November 5, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained it with “Buy” rating and $6 target price in Thursday, February 18 report. FBR Capital initiated the stock with “Mkt Perform” rating in Wednesday, November 18 report. The firm has “Buy” rating given on Thursday, February 18 by Topeka Capital Markets. The stock of Castlight Health Inc (NYSE:CSLT) earned “Mkt Perform” rating by Leerink Swann on Thursday, November 5.
According to Zacks Investment Research, “Castlight Health, Inc. operates as a provider of cloud-based software. Its enables enterprises to gain control over their rapidly escalating health care costs. The Company’s Enterprise Healthcare Cloud allows its customers to conquer the complexity of the existing health care system by providing personalized, actionable information to their employees, implementing technology-enabled benefit designs and integrating disparate systems and applications. Castlight Health, Inc. is headquartered in San Francisco, California.”
Insitutional Activity: The institutional sentiment increased to 1.54 in Q2 2016. Its up 0.54, from 1 in 2016Q1. The ratio is positive, as 6 funds sold all Castlight Health Inc shares owned while 22 reduced positions. 10 funds bought stakes while 33 increased positions. They now own 40.64 million shares or 0.35% more from 40.50 million shares in 2016Q1.
California Pub Employees Retirement Systems last reported 42,400 shares in the company. Moreover, Polar Llp has 0.03% invested in Castlight Health Inc (NYSE:CSLT) for 419,704 shares. Geduld E E holds 50,000 shares or 0.26% of its portfolio. Kcg Inc last reported 49,463 shares in the company. Stifel Finance Corp holds 0% or 38,330 shares in its portfolio. Tower Research Cap Llc (Trc) last reported 0% of its portfolio in the stock. Spark Inv Management Lc accumulated 86,400 shares or 0.03% of the stock. Redmile Limited Liability Corp last reported 0% of its portfolio in the stock. Blackrock Fund Advisors holds 1.06M shares or 0% of its portfolio. Adage Prtnrs Ltd has 0% invested in the company for 301,111 shares. Maverick Capital Limited accumulated 1.19M shares or 0.06% of the stock. Blackrock holds 0% or 2,667 shares in its portfolio. Deutsche Comml Bank Ag owns 196,690 shares or 0% of their US portfolio. Loring Wolcott & Coolidge Fiduciary Advsr Ltd Liability Partnership Ma has 22,000 shares for 0% of their US portfolio. Metropolitan Life Ins Ny holds 34,226 shares or 0% of its portfolio.
Insider Transactions: Since May 15, 2016, the stock had 0 buys, and 11 sales for $318,974 net activity. 4,526 shares were sold by McCracken John, worth $18,042 on Tuesday, May 17. DOYLE JOHN C had sold 3,373 shares worth $14,241 on Monday, August 15. The insider Colella Giovanni M. sold 3,761 shares worth $15,857. $102,566 worth of Castlight Health Inc (NYSE:CSLT) was sold by Rende Jonathan. $14,028 worth of Castlight Health Inc (NYSE:CSLT) was sold by Nolan Mangini Siobhan. Another trade for 2,045 shares valued at $6,826 was sold by Chaloemtiarana Jennifer.
More notable recent Castlight Health Inc (NYSE:CSLT) news were published by: Fool.com which released: “Why Castlight Health Inc. Is SkyrocketingToday” on May 18, 2016, also Fool.com with their article: “Why Shares of Castlight Health Inc Sank Today” published on August 06, 2015, Seekingalpha.com published: “Very Negative Outlook For Castlight Health” on February 03, 2016. More interesting news about Castlight Health Inc (NYSE:CSLT) were released by: Seekingalpha.com and their article: “Castlight Health Remains On The Same Bad Track” published on March 03, 2016 as well as Seekingalpha.com‘s news article titled: “Castlight Health (CSLT) Giovanni M. Colella on Q2 2016 Results – Earnings Call …” with publication date: August 09, 2016.
CSLT Company Profile
Castlight Health, Inc., incorporated on January 31, 2008, offers a health benefits platform that engages employees to make healthcare decisions, and enables employers to communicate and measure their benefit programs. The Firm operates through cloud products segment. The Company’s technology offering aggregates data and applies analytics to make healthcare data transparent. The Company’s products deliver employee engagement and enable employers to integrate benefit programs into a single platform available to employees and their families. The Company’s health benefits platform engages external data and its substantial user base to provide a single, end-to-end solution that integrates benefit programs and engages employees through personalized and relevant communications. The Company’s offering provides employers the opportunity to communicate, measure, and get value out of their benefits and programs on a real-time basis. It obtains external data from a range of sources, such as healthcare providers, insurance companies, governmental agencies and quality-monitoring organizations, as well as internal data it generates from the usage of its products. It applies data science techniques, including predictive modeling and epidemiological analytics that engage its database to drive insights.
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