Benefitfocus Inc (BNFT) Receives Average Recommendation of “Hold” from Analysts

Benefitfocus Inc (NASDAQ:BNFT) has earned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $35.00.

BNFT has been the topic of several research analyst reports. 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. 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. Zacks Investment Research raised 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. 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.

Shares of Benefitfocus (NASDAQ BNFT) opened at $22.65 on Tuesday. The firm has a market cap of $747.43, a P/E ratio of -26.96 and a beta of 0.99. Benefitfocus has a 12-month low of $22.30 and a 12-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.

Hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in shares of Benefitfocus by 13.2% in the 2nd quarter. Legal & General Group Plc now owns 3,593 shares of the software maker’s stock valued at $130,000 after acquiring an additional 420 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of 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 acquiring an additional 2,375 shares during the last quarter. Aperio Group LLC purchased a new stake in shares of Benefitfocus in the 4th quarter valued at $239,000. Voya Investment Management LLC purchased a new stake in shares of Benefitfocus in the 2nd quarter valued at $245,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Benefitfocus in the 2nd quarter valued at $251,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Benefitfocus (NASDAQ:BNFT)

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