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CSLT

Castlight Health

$3.60

-0.15 (-4.00%)

17:43
05/19/17
05/19
17:43
05/19/17
17:43

Castlight Health chief accounting officer Priya Jain to resign

According to a regulatory filing, effective on May 19, 2017, Priya Jain, the Corporate Controller and Chief Accounting Officer of Castlight Health, will resign from the company in order to pursue another professional opportunity. Jain also served as the company's principal accounting officer. On May 15, 2017, Siobhan Nolan Mangini, the company's Chief Financial Officer, was appointed principal accounting officer, effective upon Jain's departure. No change in Mangini's compensation arrangements are expected as a result of the appointment.

  • 25

    May

  • 06

    Jun

CSLT Castlight Health
$3.60

-0.15 (-4.00%)

05/12/17
05/12/17
DOWNGRADE
Target $3.75

Underweight
Castlight Health downgraded to Underweight from Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley downgraded Castlight Health to Underweight from Equal Weight and lowered its price target to $3.75 from $4. Analyst Brian Essex said the recent acquisition of Jiff limits core visibility performance and is burning cash, while the Q1 miss implies a deterioration in fundamentals. Essex said churn is outpacing customer adds, annual recurring revenues are declining, and expects shares to continue to underperform peers.
05/12/17
MSCO
05/12/17
DOWNGRADE
MSCO
Underweight
Castlight Health downgraded to Underweight from Equal Weight at Morgan Stanley
05/10/17
DOTC
05/10/17
INITIATION
Target $5.5
DOTC
Buy
Castlight Health initiated with a Buy at Dougherty
Dougherty analyst Eugene Mannheimer initiated Castlight Health with a Buy and a $5.50 price target.
01/30/17
01/30/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lionsgate (LGF.A, LGF.B) reinstated with an Overweight at JPMorgan. 2. Stanley Black & Decker (SWK) initiated with an Overweight at Barclays. 3. Viacom (VIAB, VIA) resumed with an Overweight at Morgan Stanley. 4. Castlight Health (CSLT) initiated with a Market Perform at Cowen. 5. SmartFinancial (SMBK) initiated with an Outperform at Raymond James. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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