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Zacks Investment Research downgraded Castlight Health Inc (NYSE:CSLT) to Hold in a report released today.

Zacks Investment Research has downgraded Castlight Health Inc (NYSE:CSLT) to Hold in a report released on 10/11/2016.

Previously on 5/11/2016, FBR Capital reported on Castlight Health Inc (NYSE:CSLT) reduced the target price from $5.00 to $4.00. At the time, this indicated a possible upside of 0.22%.

Just yesterday Castlight Health Inc (NYSE:CSLT) traded 0.24% higher at $4.06. The company’s 50-day moving average is $4.13 and its 200-day moving average is $3.99. The last closing price is up 3.66% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 199,732 shares of the stock were exchanged, down from an average trading volume of 340,057

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Castlight Health Inc (NYSE:CSLT)

Castlight Health Inc has a 52 week low of $2.54 and a 52 week high of $5.39 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 9 brokers have issued a report on the stock. The consensus target price is $5.11 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Castlight Health Inc (NYSE:CSLT)

Castlight Health, Inc. offers a health benefits platform that engages employees to make healthcare decisions, and enables employers to communicate and measure their benefit programs. The Company operates through cloud-based products segment. Its products deliver employee engagement and enable employers to integrate benefit programs into a single platform available to employees and their families. Its health benefits platform engages external data and its substantial user base to provide a single, end-to-end solution that integrates benefit programs and engages employees through personalized and relevant communications. Its offering provides employers the opportunity to communicate, measure, and get value out of their benefits and programs on a real-time basis. It obtains external data from a range of sources, such as healthcare providers, governmental agencies and quality-monitoring organizations, as well as internal data it generates from the usage of its products.

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