CSLT - Watch for Continued Gains in Shares of Castlight Health Inc. Class B (CSLT)

Castlight Health Inc. Class B (NYSE:CSLT) traded at a new 52-week high today of $2.71. So far today approximately 3.6 million shares have been exchanged, as compared to an average 30-day volume of 2.2 million shares.

Castlight Health Inc provides a software-as-a-service platform. It is used for health benefits navigation for employees in the United States. Its platform matches employees to the resources their employers make available to them; managing a condition; and assists them to manage their benefits. The company derives its revenue from sales of cloud-based subscription service and professional services contracts. Castlight generates its geographical revenue from the United States.

Castlight Health Inc. Class B share prices have moved between a 52-week high of $2.71 and a 52-week low of $0.76 and are now trading 234% above that low price at $2.54 per share.

Castlight Health Inc. Class B has overhead space with shares priced $2.54, or 85.8% below the average consensus analyst price target of $17.88.

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