Share on StockTwits

Stock analysts at Canaccord Genuity hoisted their price target on shares of Benefitfocus (NASDAQ:BNFT) from $41.00 to $45.00 in a report issued on Friday. Canaccord Genuity’s price target suggests a potential upside of 11.22% from the stock’s previous close.

Separately, analysts at Goldman Sachs cut their price target on shares of Benefitfocus from $64.00 to $50.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Benefitfocus has an average rating of “Buy” and a consensus target price of $51.83.

In other Benefitfocus news, CTO Donald R. Taylor, Jr. unloaded 4,500 shares of Benefitfocus stock on the open market in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $38.32, for a total transaction of $172,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Benefitfocus (NASDAQ:BNFT) opened at 40.46 on Friday. Benefitfocus has a 52-week low of $27.52 and a 52-week high of $77.00. The stock’s 50-day moving average is $41. and its 200-day moving average is $46.8. The company’s market cap is $1.014 billion.

Benefitfocus (NASDAQ:BNFT) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.62) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.70) by $0.08. The company had revenue of $32.30 million for the quarter, compared to the consensus estimate of $31.31 million. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. Analysts expect that Benefitfocus will post $-2.47 EPS for the current fiscal year.

Benefitfocus, Inc is a provider of cloud-based benefits software solutions for consumers, employers, insurance carriers, and brokers.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.