Brokerages expect Benefitfocus Inc (NASDAQ:BNFT) to report $66.43 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Benefitfocus’ earnings. The lowest sales estimate is $66.13 million and the highest is $66.61 million. Benefitfocus reported sales of $62.65 million during the same quarter last year, which would suggest a positive year over year growth rate of 6%. The business is expected to report its next earnings report on Thursday, February 22nd.

On average, analysts expect that Benefitfocus will report full year sales of $66.43 million for the current fiscal year, with estimates ranging from $256.11 million to $256.80 million. For the next year, analysts forecast that the firm will post sales of $278.04 million per share, with estimates ranging from $271.97 million to $281.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Benefitfocus.

Benefitfocus (NASDAQ:BNFT) last posted its earnings results on Thursday, November 2nd. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.08. The business had revenue of $62.45 million for the quarter, compared to analyst estimates of $62.19 million. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the company posted ($0.14) EPS.

BNFT has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of 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. Piper Jaffray Companies reissued a “buy” rating and set a $34.00 target price on shares of Benefitfocus in a research report on Friday, November 3rd. Canaccord Genuity reissued a “buy” rating and set a $34.00 target price on shares of Benefitfocus in a research report on Monday, October 30th. William Blair downgraded shares of Benefitfocus from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Finally, BidaskClub raised shares of Benefitfocus from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Benefitfocus has an average rating of “Hold” and an average target price of $34.38.

In other news, CEO Shawn A. Jenkins acquired 37,000 shares of the stock in a transaction on Monday, November 6th. The stock was bought at an average price of $25.27 per share, with a total value of $934,990.00. Following the completion of the transaction, the chief executive officer now directly owns 2,782,683 shares of the company’s stock, valued at $70,318,399.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 40.10% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of BNFT. Sei Investments Co. acquired a new stake in Benefitfocus in the second quarter valued at approximately $133,000. Schwab Charles Investment Management Inc. grew its position in Benefitfocus by 12.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 68,598 shares of the software maker’s stock valued at $2,494,000 after acquiring an additional 7,402 shares in the last quarter. Rhumbline Advisers grew its position in shares of Benefitfocus by 21.3% during the second quarter. Rhumbline Advisers now owns 21,193 shares of the software maker’s stock worth $770,000 after buying an additional 3,725 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Benefitfocus by 33.9% during the second quarter. Bank of New York Mellon Corp now owns 70,045 shares of the software maker’s stock worth $2,546,000 after buying an additional 17,744 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Benefitfocus by 13.2% during the second quarter. Legal & General Group Plc now owns 3,593 shares of the software maker’s stock worth $130,000 after buying an additional 420 shares in the last quarter. 85.61% of the stock is owned by institutional investors.

Shares of Benefitfocus (NASDAQ:BNFT) opened at $26.60 on Friday. The stock has a market cap of $831.86, a P/E ratio of -31.67 and a beta of 1.12. Benefitfocus has a 1 year low of $22.30 and a 1 year high of $37.10. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of -2.39.

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About Benefitfocus

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.

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