Several other research firms have also recently commented on BNFT. Zacks Investment Research upgraded Benefitfocus from a hold rating to a buy rating and set a $30.00 target price for the company in a research report on Tuesday, January 2nd. BidaskClub raised Benefitfocus from a strong sell rating to a sell rating in a research note on Thursday, December 7th. Finally, ValuEngine lowered Benefitfocus from a sell rating to a strong sell rating in a research note on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Benefitfocus presently has an average rating of Hold and a consensus price target of $30.67.
Benefitfocus (NASDAQ BNFT) traded up $0.60 during trading on Thursday, reaching $24.15. The company had a trading volume of 106,877 shares, compared to its average volume of 171,798. Benefitfocus has a twelve month low of $21.75 and a twelve month high of $37.10. The company has a debt-to-equity ratio of -2.39, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $775.58, a PE ratio of -28.72 and a beta of 0.98.
Benefitfocus (NASDAQ:BNFT) last posted its earnings results on Wednesday, March 14th. The software maker reported ($0.06) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). The business had revenue of $66.80 million for the quarter, compared to analysts’ expectations of $66.47 million. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. Benefitfocus’s quarterly revenue was up 6.7% compared to the same quarter last year. equities research analysts predict that Benefitfocus will post -0.84 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC lifted its stake in shares of Benefitfocus by 37.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,752,918 shares of the software maker’s stock valued at $47,329,000 after acquiring an additional 473,522 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Benefitfocus in the 4th quarter valued at about $1,304,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Benefitfocus by 10.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 75,845 shares of the software maker’s stock valued at $2,553,000 after acquiring an additional 7,247 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Benefitfocus in the 3rd quarter valued at about $1,515,000. Finally, Parametric Portfolio Associates LLC bought a new stake in shares of Benefitfocus in the 2nd quarter valued at about $288,000. 88.76% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: “Benefitfocus (BNFT) Price Target Cut to $30.00 by Analysts at Jefferies Group” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://ledgergazette.com/2018/03/16/benefitfocus-bnft-price-target-cut-to-30-00-by-analysts-at-jefferies-group.html.
Benefitfocus Company Profile
Benefitfocus, Inc (Benefitfocus) is a provider of cloud-based benefits management platform for consumers, employers, insurance carriers and brokers. The Benefitfocus Platform allows how organizations and individuals shop for, enroll in, manage and exchange benefits. The Company operates through two business segments: Employer, which derives its revenue from customers that use the Company’s services for the provision of benefits to their employees, and administrators acting on behalf of employers, Carrier, which derives its revenue from insurance companies that provide coverage at their own risk.
Receive News & Ratings for Benefitfocus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Benefitfocus and related companies with MarketBeat.com's FREE daily email newsletter.