A number of other equities analysts have also issued reports on the stock. BidaskClub upgraded shares of Benefitfocus from a strong sell rating to a sell rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded shares of Benefitfocus from a hold rating to a buy rating and set a $30.00 target price on the stock in a research report on Tuesday, January 2nd. ValuEngine lowered shares of Benefitfocus from a sell rating to a strong sell rating in a research report on Thursday, March 1st. Chardan Capital lowered their target price on shares of Benefitfocus from $28.00 to $27.00 and set a neutral rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada lowered their target price on shares of Benefitfocus to $24.00 and set a sector perform rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $30.67.
BNFT stock opened at $24.45 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of -2.39. The stock has a market cap of $766.04, a P/E ratio of -29.82 and a beta of 0.98. Benefitfocus has a 1 year low of $21.75 and a 1 year high of $37.10.
Benefitfocus (NASDAQ:BNFT) last announced its earnings results on Wednesday, March 14th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06). The business had revenue of $66.80 million for the quarter, compared to analysts’ expectations of $66.47 million. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.09) earnings per share. research analysts predict that Benefitfocus will post -1.27 EPS for the current year.
Large investors have recently bought and sold shares of the stock. Sei Investments Co. grew its position in Benefitfocus by 65.1% in the 3rd quarter. Sei Investments Co. now owns 6,025 shares of the software maker’s stock valued at $203,000 after buying an additional 2,375 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in Benefitfocus in the 4th quarter valued at $173,000. Voya Investment Management LLC purchased a new position in Benefitfocus in the 2nd quarter valued at $245,000. Parametric Portfolio Associates LLC purchased a new position in Benefitfocus in the 2nd quarter valued at $288,000. Finally, Aperio Group LLC purchased a new position in Benefitfocus in the 4th quarter valued at $239,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.
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.