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Stock analysts at Canaccord Genuity cut their price objective on shares of Castlight Health (NASDAQ:CSLT) from $25.00 to $18.00 in a report issued on Thursday, AnalystRatings.NET reports. Canaccord Genuity’s target price indicates a potential upside of 55.98% from the stock’s previous close.

A number of other firms have also recently commented on CSLT. Analysts at Zacks initiated coverage on shares of Castlight Health in a research note on Wednesday, April 16th. They set a “hold” rating on the stock. Separately, analysts at Raymond James initiated coverage on shares of Castlight Health in a research note on Tuesday, April 8th. They set an “outperform” rating and a $26.00 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Castlight Health in a research note on Tuesday, April 8th. They set a “neutral” rating and a $22.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.00.

Shares of Castlight Health (NASDAQ:CSLT) traded up 9.90% during mid-day trading on Thursday, hitting $11.54. The stock had a trading volume of 1,688,346 shares. Castlight Health has a 1-year low of $10.05 and a 1-year high of $41.95. The stock’s 50-day moving average is $18.48 and its 200-day moving average is $20.52. The company’s market cap is $999.0 million.

Castlight Health (NASDAQ:CSLT) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by $0.50. The company had revenue of $8.40 million for the quarter, compared to the consensus estimate of $6.51 million. The company’s revenue for the quarter was up 342.1% on a year-over-year basis. On average, analysts predict that Castlight Health will post $-0.94 earnings per share for the current fiscal year.

Castlight Health, Inc is a provider of cloud-based software, that enables enterprises to gain control over their rapidly escalating health care costs.

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