Castlight Health (CSLT) : 7 analysts are covering Castlight Health (CSLT) and their average rating on the stock is 2, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Castlight Health (CSLT) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Castlight Health (CSLT) : The consensus price target for Castlight Health (CSLT) is $5.5 for the short term with a standard deviation of $1.58. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $8, however, the pessimist price target for the company is $4.
For the current week, the company shares have a recommendation consensus of Buy. Castlight Health (NYSE:CSLT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.31 and $4.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.41, notching a gain of 2.32% for the day. The total traded volume was 599,879 . The stock had closed at $4.31 on the previous day.
In a related news, Mccracken John, officer (SVP, World Wide Sales) of Castlight Health, Inc., unloaded 4,526 shares at an average price of $3.99 on May 18, 2016. The total amount of the transaction was worth $18,059, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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 Companys 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 Companys 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.