Shares of Benefitfocus Inc (NASDAQ:BNFT) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $35.00.
BNFT has been the subject of a number of recent research reports. Zacks Investment Research raised Benefitfocus from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, January 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $34.00 target price on shares of Benefitfocus in a research note on Friday, November 3rd. Canaccord Genuity reissued a “buy” rating and issued a $34.00 target price on shares of Benefitfocus in a research note on Monday, October 30th. William Blair lowered Benefitfocus from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Finally, BidaskClub raised Benefitfocus from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th.
In other Benefitfocus news, CEO Shawn A. Jenkins purchased 37,000 shares of Benefitfocus stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $25.27 per share, for a total transaction of $934,990.00. Following the acquisition, the chief executive officer now directly owns 2,782,683 shares in the company, valued at $70,318,399.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 40.10% of the stock is owned by insiders.
Shares of Benefitfocus (NASDAQ BNFT) opened at $25.10 on Friday. The company has a debt-to-equity ratio of -2.39, a quick ratio of 1.08 and a current ratio of 1.08. Benefitfocus has a 52 week low of $22.30 and a 52 week high of $37.10. The stock has a market capitalization of $782.61, a PE ratio of -29.53 and a beta of 1.12.
Benefitfocus (NASDAQ:BNFT) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.08. The firm had revenue of $62.45 million for the quarter, compared to the consensus estimate of $62.19 million. During the same period last year, the firm earned ($0.14) EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. sell-side analysts forecast that Benefitfocus will post -0.81 EPS for the current year.
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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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