NYSE:CSLTCastlight Health Stock Price, Forecast & News

$0.81

+0.01 (+1.25 %)

(As of 05/27/2020 04:00 PM ET)

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Today's Range

$0.77

Now: $0.81▼

$0.81

50-Day Range

$0.61

MA: $0.73▼

$0.86

52-Week Range

$0.60

Now: $0.81▼

$3.36

Volume663,521 shs

Average Volume663,668 shs

Market Capitalization$121.17 million

P/E RatioN/A

Dividend YieldN/A

Beta1.49

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 implementation, user and customer support, and marketplace services. It serves customers in a range of industries, including education, manufacturing, retail, technology, and government. The company was formerly known as Ventana Health Services and changed its name to Castlight Health, Inc. in April 2010. Castlight Health, Inc. was founded in 2008 and is headquartered in San Francisco, California.

Beat the Market (BTM) Rank^™

2.8 Analyst's Opinion

Consensus Rating
Castlight Health has received a consensus rating of Hold. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $1.42, Castlight Health has a potential upside of 74.8% from its current price of $0.81.
Amount of Analyst Coverage
Castlight Health has only been the subject of 2 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Castlight Health has received 262 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Castlight Health has received 351 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Castlight Health has received 57.26% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Castlight Health and other stocks. Vote “Outperform” if you believe CSLT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CSLT will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Castlight Health does not currently pay a dividend.
Dividend Growth
Castlight Health does not have a long track record of dividend growth.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Castlight Health insiders have bought more of their company's stock than they have sold. Specifically, they have bought $348,800.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 17.05% of the stock of Castlight Health is held by insiders.
Percentage Held by Institutions
53.35% of the stock of Castlight Health is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Castlight Health are expected to grow in the coming year, from ($0.23) to ($0.16) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Castlight Health is -1.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Castlight Health is -1.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Castlight Health has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.91 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Data processing & preparation

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNYSE:CSLT

Previous Symbol

CUSIPN/A

CIK1433714

Webwww.castlighthealth.com

Phone415-829-1400

Debt

Debt-to-Equity Ratio0.10

Current Ratio1.84

Quick Ratio1.84

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$143.31 million

Price / Sales0.85

Cash FlowN/A

Price / Cash FlowN/A

Book Value$0.80 per share

Price / Book1.01

Profitability

EPS (Most Recent Fiscal Year)($0.25)

Net Income$-40,000,000.00

Net Margins-58.42%

Return on Equity-18.61%

Return on Assets-13.24%

Miscellaneous

Employees470

Outstanding Shares149,516,000

Market Cap$121.17 million

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Castlight Health (NYSE:CSLT) Frequently Asked Questions

How has Castlight Health's stock been impacted by COVID-19 (Coronavirus)?

Castlight Health's stock was trading at $0.83 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CSLT stock has decreased by 2.4% and is now trading at $0.8104. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Castlight Health?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Castlight Health in the last year. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Castlight Health.

When is Castlight Health's next earnings date?

Castlight Health is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Castlight Health.

How were Castlight Health's earnings last quarter?

Castlight Health Inc (NYSE:CSLT) posted its quarterly earnings results on Thursday, May, 7th. The software maker reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.07) by $0.06. The software maker earned $39.05 million during the quarter, compared to analysts' expectations of $32.80 million. Castlight Health had a negative return on equity of 18.61% and a negative net margin of 58.42%. View Castlight Health's earnings history.

What guidance has Castlight Health issued on next quarter's earnings?

Castlight Health issued an update on its FY 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided EPS guidance of -0.16--0.11 for the period, compared to the Thomson Reuters consensus estimate of $-0.13. The company issued revenue guidance of $127-135 million, compared to the consensus revenue estimate of $132.54 million.

What price target have analysts set for CSLT?

3 brokerages have issued 1-year target prices for Castlight Health's stock. Their forecasts range from $0.75 to $2.00. On average, they expect Castlight Health's share price to reach $1.42 in the next twelve months. This suggests a possible upside of 74.8% from the stock's current price. View analysts' price targets for Castlight Health.

Has Castlight Health been receiving favorable news coverage?

Media stories about CSLT stock have trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Castlight Health earned a coverage optimism score of -3.8 on InfoTrie's scale. They also assigned media coverage about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutCastlight Health.

Are investors shorting Castlight Health?

Castlight Health saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,140,000 shares, an increase of 5.7% from the April 30th total of 2,970,000 shares. Based on an average daily volume of 545,600 shares, the short-interest ratio is currently 5.8 days. Approximately 3.4% of the shares of the company are sold short. View Castlight Health's Current Options Chain.

Who are some of Castlight Health's key competitors?

Some companies that are related to Castlight Health include Cars.com (CARS), CooTek (Cayman) (CTK), ZIX (ZIXI), Brightcove (BCOV), Ooma (OOMA), Sohu.com (SOHU), NantHealth (NH), Liberty Tripadvisor Holdings Inc Series A (LTRPA), Veritone (VERI), GTY Technology (GTYH), Kaleyra (KLR), Akerna (KERN), Park City Group (PCYG), Fang (SFUN) and Renren (RENN). View all competitors.

What other stocks do shareholders of Castlight Health own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Castlight Health investors own include Ring Energy (REI), Ring Energy (REI), FireEye (FEYE), Gilead Sciences (GILD), NovaBay Pharmaceuticals (NBY), NovaBay Pharmaceuticals (NBY), Callon Petroleum (CPE), Corbus Pharmaceuticals (CRBP), Ford Motor (F) and Kosmos Energy (KOS).

Who are Castlight Health's key executives?

Castlight Health's management team includes the following people:

Dr. Bryan Eisman Roberts, Chairman (Age 52)
Mr. John C. Doyle, CEO & Director (Age 51)
Ms. Siobhan Nolan Mangini, Chief Financial Officer (Age 38)
Mr. M P Eric Chan, Chief Accounting Officer (Age 43)
Mr. Gary J. Fuges C.F.A., CFA, Head of Investor Relations

What is Castlight Health's stock symbol?

Castlight Health trades on the New York Stock Exchange (NYSE) under the ticker symbol "CSLT."

Who are Castlight Health's major shareholders?

Castlight Health's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Raging Capital Management LLC (6.97%), Maverick Capital Ltd. (6.05%), BlackRock Inc. (5.44%), Gagnon Securities LLC (2.73%), Gagnon Advisors LLC (1.70%) and State Street Corp (1.22%). Company insiders that own Castlight Health stock include John C Doyle, Maeve O'meara, Mangini Siobhan Nolan, MP Eric Chan, Neeraj Gupta, Seth B Cohen, William Bondurant and Zant Kenny Van. View institutional ownership trends for Castlight Health.

Which major investors are selling Castlight Health stock?

CSLT stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Geode Capital Management LLC, Deutsche Bank AG, JPMorgan Chase & Co., UBS Group AG, Russell Investments Group Ltd., BlackRock Inc., and Two Sigma Investments LP. Company insiders that have sold Castlight Health company stock in the last year include Maeve O'meara, Mangini Siobhan Nolan, MP Eric Chan, Neeraj Gupta, and William Bondurant. View insider buying and selling activity for Castlight Health.

Which major investors are buying Castlight Health stock?

CSLT stock was acquired by a variety of institutional investors in the last quarter, including Maverick Capital Ltd., Gagnon Securities LLC, Gagnon Advisors LLC, Acadian Asset Management LLC, Raging Capital Management LLC, Nuveen Asset Management LLC, Invesco Ltd., and Squarepoint Ops LLC. Company insiders that have bought Castlight Health stock in the last two years include Maeve O'meara, William Bondurant, and Zant Kenny Van. View insider buying and selling activity for Castlight Health.

How do I buy shares of Castlight Health?

Shares of CSLT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Castlight Health's stock price today?

One share of CSLT stock can currently be purchased for approximately $0.81.

How big of a company is Castlight Health?

Castlight Health has a market capitalization of $121.17 million and generates $143.31 million in revenue each year. The software maker earns $-40,000,000.00 in net income (profit) each year or ($0.25) on an earnings per share basis. Castlight Health employs 470 workers across the globe.

What is Castlight Health's official website?

The official website for Castlight Health is www.castlighthealth.com.

How can I contact Castlight Health?

Castlight Health's mailing address is 150 SPEAR STREET SUITE 400, SAN FRANCISCO CA, 94105. The software maker can be reached via phone at 415-829-1400 or via email at [email protected]

This page was last updated on 5/27/2020 by MarketBeat.com Staff