Castlight Health (CSLT) Posts Quarterly Earnings, Beats Estimates By $0.01 EPS
Castlight Health (NASDAQ:CSLT) posted its quarterly earnings results on Wednesday. The company reported ($0.24) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.25) by $0.01, American Banking & Market News reports.
Shares of Castlight Health (NASDAQ:CSLT) opened at 11.35 on Wednesday. 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 $13.62 and its 200-day moving average is $16.80. The company’s market cap is $1.018 billion.
On the ratings front, analysts at Raymond James reiterated an “outperform” rating on shares of Castlight Health in a research note on Wednesday, July 30th. They now have a $19.00 price target on the stock, up previously from $15.00. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $19.00.
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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