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

Castlight Health (NYSE:CSLT) updated its FY 2021
After-Hours earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of -0.06–0.02 for the period, compared to the Thomson Reuters consensus 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.

A number of analysts have issued reports on the company. Canaccord Genuity boosted their target price on Castlight Health from $1.00 to $2.00 and gave the company a hold rating in a research report on Thursday, February 11th. Zacks Investment Research raised Castlight Health from a hold rating to a buy rating and set a $1.75 target price on the stock in a research report on Thursday, January 28th.

NYSE CSLT traded down $0.12 on Tuesday, reaching $1.61. The stock had a trading volume of 1,835,803 shares, compared to its average volume of 1,308,309. The stock has a fifty day moving average price of $1.71 and a two-hundred day moving average price of $1.29. The firm has a market capitalization of $247.59 million, a price-to-earnings ratio of -3.53 and a beta of 1.88. Castlight Health has a 12-month low of $0.60 and a 12-month high of $2.15.

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

About Castlight Health

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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