Castlight Health (NYSE:CSLT) Updates FY 2021 After-Hours Earnings Guidance

Posted by on Feb 23rd, 2021 // Comments off

Castlight Health (NYSE:CSLT) updated its FY 2021
After-Hours earnings guidance on Tuesday. The company provided earnings per share guidance of -0.06–0.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.00. The company issued revenue guidance of $130-135 million, compared to the consensus revenue estimate of $138.17 million.Castlight Health also updated its Q1 2021
After-Hours guidance to EPS.

Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Castlight Health from a hold rating to a buy rating and set a $1.75 price target on the stock in a research report on Thursday, January 28th. Canaccord Genuity increased their price target on shares of Castlight Health from $1.00 to $2.00 and gave the stock a hold rating in a research report on Thursday, February 11th.

Shares of CSLT stock traded down $0.12 on Tuesday, hitting $1.61. 1,841,953 shares of the stock traded hands, compared to its average volume of 1,308,484. The firm has a market cap of $247.59 million, a price-to-earnings ratio of -3.53 and a beta of 1.88. Castlight Health has a 52 week low of $0.60 and a 52 week high of $2.15. The firm has a 50 day simple moving average of $1.71 and a two-hundred day simple moving average of $1.29.

In other Castlight Health news, Director Seth B. Cohen sold 30,000 shares of Castlight Health stock in a transaction on Monday, December 28th. The shares were sold at an average price of $1.50, for a total value of $45,000.00. Following the sale, the director now directly owns 372,761 shares in the company, valued at approximately $559,141.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Seth B. Cohen sold 17,119 shares of Castlight Health stock in a transaction on Friday, February 19th. The shares were sold at an average price of $1.72, for a total transaction of $29,444.68. Following the completion of the sale, the director now owns 314,029 shares in the company, valued at $540,129.88. The disclosure for this sale can be found here. Insiders have sold a total of 176,421 shares of company stock worth $322,516 over the last 90 days. Insiders own 17.05% of the company’s stock.

Castlight Health Company Profile

Castlight Health, Inc provides health navigation solutions for employers and health plan customers in education, manufacturing, retail, technology, and government industries in the United States. It provides Care Guidance Navigator that enables users to make care decisions and navigate the employer-sponsored healthcare benefit programs; Wellbeing Navigator, which helps to drive engagement across an employer's benefits program; and Complete Health Navigator that combines the Wellbeing Navigator and Care Guidance Navigator packages for unified user experience.

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