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DOW   31,037.68
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S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
NASDAQ:BNFT

Benefitfocus Stock Forecast, Price & News

$7.85
-0.14 (-1.75%)
(As of 07/6/2022 05:43 PM ET)
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Today's Range
$7.82
$8.11
50-Day Range
$7.77
$10.94
52-Week Range
$7.37
$13.84
Volume
74,497 shs
Average Volume
137,792 shs
Market Capitalization
$266.59 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.00

Benefitfocus MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
27.4% Upside
$10.00 Price Target
Short Interest
Bearish
3.53% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.31
Upright™ Environmental Score
News Sentiment
0.68mentions of Benefitfocus in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$327,470 Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($0.17) to ($0.23) Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.98 out of 5 stars

Computer And Technology Sector

399th out of 936 stocks

Prepackaged Software Industry

129th out of 302 stocks

30 days | 90 days | 365 days | Advanced Chart

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Benefitfocus logo

About Benefitfocus (NASDAQ:BNFT) Stock

Benefitfocus, Inc. provides cloud-based benefits management technology solutions for employers and health plans in the United States. Its products for employers comprise Benefitplace, a cloud-based benefits management portal that streamlines online enrollment, employee communication, and benefit administration; Health Insights, a data analytics solution; ACA Management and Reporting, a solution for employers to manage ACA compliance; Billing & Payments, an application that synchronizes enrollment and billing information to streamline the monthly billing process, automate adjustments, and enhance accuracy of payments; and COBRA Administration, a solution that simplifies management of Consolidated Omnibus Budget Reconciliation Act, benefits. The company's products for health plans include Enrollment that provides platform for carriers to automate enrollment across all segments of their commercial group business; Billing & Payments, an electronic invoice presentment and payment solution; Exchange, a solution that bridges the integration gap between health plan and employer systems; and Quoting that gives health plans and brokers tools to organize and proactively manage accounts, track leads, generate quotes, and create proposals for multiple products. Its products for brokers consist of Health Insights that support strategic decisions for their clients with on-demand health plan analytics; Benefit Catalog, which allows brokers to offer products to their clients; and benefit catalog consultative support for brokers through benefit advisors. The company also provides implementation services to its customers in order to help ensure seamless deployment and effective utilization of its solutions; and employers with expanded support services. The company was incorporated in 2000 and is headquartered in Charleston, South Carolina.

BNFT Stock News Headlines

Piper Sandler Lowers Benefitfocus (NASDAQ:BNFT) to Neutral
See More Headlines

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:BNFT
Employees
1,100
Year Founded
N/A

Company Calendar

Last Earnings
5/03/2022
Today
7/07/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$10.00
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
+27.4%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
2 Analysts

Profitability

Net Income
$-32,170,000.00
Pretax Margin
-13.63%

Debt

Sales & Book Value

Annual Sales
$263.10 million
Cash Flow
$0.47 per share
Book Value
($2.28) per share

Miscellaneous

Free Float
28,916,000
Market Cap
$266.59 million
Optionable
Optionable
Beta
1.65














Benefitfocus Frequently Asked Questions

Should I buy or sell Benefitfocus stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Benefitfocus in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Benefitfocus stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BNFT, but not buy additional shares or sell existing shares.
View analyst ratings for Benefitfocus
or view top-rated stocks.

What is Benefitfocus' stock price forecast for 2022?

2 Wall Street research analysts have issued 12 month target prices for Benefitfocus' stock. Their BNFT stock forecasts range from $9.00 to $11.00. On average, they anticipate Benefitfocus' stock price to reach $10.00 in the next twelve months. This suggests a possible upside of 27.4% from the stock's current price.
View analysts' price targets for Benefitfocus
or view top-rated stocks among Wall Street analysts.

How has Benefitfocus' stock price performed in 2022?

Benefitfocus' stock was trading at $10.66 on January 1st, 2022. Since then, BNFT stock has decreased by 26.4% and is now trading at $7.85.
View the best growth stocks for 2022 here
.

When is Benefitfocus' next earnings date?

Benefitfocus is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Benefitfocus
.

How were Benefitfocus' earnings last quarter?

Benefitfocus, Inc. (NASDAQ:BNFT) released its quarterly earnings results on Tuesday, May, 3rd. The software maker reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.14. The software maker had revenue of $61.20 million for the quarter, compared to analysts' expectations of $60.74 million. The firm's quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) earnings per share.
View Benefitfocus' earnings history
.

What guidance has Benefitfocus issued on next quarter's earnings?

Benefitfocus updated its second quarter 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of -$0.17--$0.11 for the period, compared to the consensus estimate of -$0.15. The company issued revenue guidance of $55.00 million-$57.00 million, compared to the consensus revenue estimate of $57.69 million.

Who are Benefitfocus' key executives?

Benefitfocus' management team includes the following people:
  • Mr. Matthew C. Levin, Pres, CEO & Director (Age 49, Pay $858.56k)
  • Ms. Alpana Wegner, CFO & Treasurer (Age 49, Pay $517.74k) (LinkedIn Profile)
  • Mr. Michael Bauer, Investor Relations
  • Ms. Lou Anne Gilmore, VP of Corp. Devel. (Age 65)
  • Mr. Peter Anthony Allen, Sr. VP of Sales & Marketing (Age 61)
  • Ms. Ana Perez, Chief Marketing Officer
  • Ms. Robin Kirby, Chief HR Officer
  • Mr. Steve Malme, Sr. VP of Platform Strategy & Experience
  • Mr. Scott Gibson, Sr. VP of HR
  • Mr. Ravi Metta, Exec. VP of Product & Engineering

What is Steve Swad's approval rating as Benefitfocus' CEO?

9 employees have rated Benefitfocus CEO Steve Swad on Glassdoor.com. Steve Swad has an approval rating of 60% among Benefitfocus' employees. This puts Steve Swad in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Benefitfocus own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Benefitfocus investors own include Hawkins (HWKN), CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Micron Technology (MU), Designer Brands (DBI), STMicroelectronics (STM), Athabasca Oil (ATH) and (HON).

What is Benefitfocus' stock symbol?

Benefitfocus trades on the NASDAQ under the ticker symbol "BNFT."

How do I buy shares of Benefitfocus?

Shares of BNFT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Benefitfocus' stock price today?

One share of BNFT stock can currently be purchased for approximately $7.85.

How much money does Benefitfocus make?

Benefitfocus (NASDAQ:BNFT) has a market capitalization of $266.59 million and generates $263.10 million in revenue each year. The software maker earns $-32,170,000.00 in net income (profit) each year or ($1.17) on an earnings per share basis.

How many employees does Benefitfocus have?

Benefitfocus employs 1,100 workers across the globe.

How can I contact Benefitfocus?

Benefitfocus' mailing address is 100 BENEFITFOCUS WAY, CHARLESTON SC, 29492. The official website for Benefitfocus is www.benefitfocus.com. The software maker can be reached via phone at (843) 849-7476, via email at michael.bauer@benefitfocus.com, or via fax at 843-849-9485.

This page (NASDAQ:BNFT) was last updated on 7/7/2022 by MarketBeat.com Staff

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