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Benefitfocus Stock Price, Forecast & Analysis (NASDAQ:BNFT)

$23.22
-0.49 (-2.07 %)
(As of 11/15/2019 01:04 AM ET)
Today's Range
$23.15
Now: $23.22
$24.54
50-Day Range
$22.26
MA: $23.42
$25.17
52-Week Range
$21.60
Now: $23.22
$60.66
Volume250,300 shs
Average Volume464,346 shs
Market Capitalization$760.22 million
P/E RatioN/A
Dividend YieldN/A
Beta1.27
Benefitfocus, Inc provides cloud-based benefits management platform for consumers, employers, insurance carriers, suppliers, and brokers in the United States. The company operates through Employer and Carrier segments. Its products for insurance carriers include BenefitsPlace, a transaction-oriented, marketplace solution; eEnrollment that provides online enrollment for benefits; eBilling, an electronic invoice presentment and payment solution; eExchange, a solution that bridges the integration gap between carrier and employer systems; eSales for carriers and brokers tools to organize and manage accounts, track leads, generate quotes, and create proposals for various products; and Core & Advanced Analytics, a data analytics solution. Read More…

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:BNFT
CUSIPN/A
Phone843-849-7476

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$258.72 million
Book Value($0.83) per share

Profitability

Net Income$-52,630,000.00

Miscellaneous

Employees1,450
Market Cap$760.22 million
Next Earnings Date2/25/2020 (Estimated)
OptionableOptionable

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Benefitfocus (NASDAQ:BNFT) Frequently Asked Questions

What is Benefitfocus' stock symbol?

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

How were Benefitfocus' earnings last quarter?

Benefitfocus Inc (NASDAQ:BNFT) announced its earnings results on Wednesday, November, 6th. The software maker reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.26. The software maker had revenue of $71.67 million for the quarter, compared to analyst estimates of $70.90 million. The business's quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.23) earnings per share. View Benefitfocus' Earnings History.

When is Benefitfocus' next earnings date?

Benefitfocus is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Benefitfocus.

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

Benefitfocus issued an update on its fourth quarter earnings guidance on Wednesday, November, 6th. The company provided EPS guidance of ($0.15)-$0.01 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.04. The company issued revenue guidance of $83.5-91.5 million, compared to the consensus revenue estimate of $88.01 million.

What price target have analysts set for BNFT?

11 equities research analysts have issued 1 year price objectives for Benefitfocus' stock. Their forecasts range from $27.00 to $61.00. On average, they expect Benefitfocus' share price to reach $44.09 in the next year. This suggests a possible upside of 89.9% from the stock's current price. View Analyst Price Targets for Benefitfocus.

What is the consensus analysts' recommendation for Benefitfocus?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Benefitfocus in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Benefitfocus.

What are Wall Street analysts saying about Benefitfocus stock?

Here are some recent quotes from research analysts about Benefitfocus stock:
  • 1. According to Zacks Investment Research, "Benefitfocus, Inc. offers cloud-based software solutions to consumers, employers, insurance carriers and brokers. The Company's platform of products and services enable customers to efficiently shop, enroll, manage and exchange benefits information. Benefitfocus, Inc. is based in Charleston, South Carolina. " (11/12/2019)
  • 2. Chardan Capital analysts commented, "We liked the growth in net eligible benefit lives and expanding margins. We see the stock as fairly valued. We lower PT to $27 based on our lowered estimates and the company’s lower trading multiple and we maintain our Neutral rating." (8/22/2019)
  • 3. Cantor Fitzgerald analysts commented, ". We reiterate our Overweight rating on BNFT shares. Our price target remains $60. After the market close on the company reported 1Q19 results, with revenue and adjusted EBITDA above our estimates, while adjusted loss per share was slightly larger than our estimate. Our interest expense assumption was too low. Eligible lives increased significantly, and BNFT has added new suppliers to its BenefitsPlace platform. The company maintained its 2019 full year revenue and adjusted EBITDA guidance. BNFT provided 2019 adjusted loss per share guidance, which was greater than our estimate and FactSet consensus." (5/1/2019)

Has Benefitfocus been receiving favorable news coverage?

Media stories about BNFT stock have been trending somewhat negative this week, according to InfoTrie. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Benefitfocus earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned news articles about the software maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Benefitfocus.

Are investors shorting Benefitfocus?

Benefitfocus saw a decrease in short interest in the month of September. As of September 30th, there was short interest totalling 4,310,000 shares, a decrease of 5.1% from the August 30th total of 4,540,000 shares. Based on an average daily trading volume, of 371,200 shares, the days-to-cover ratio is presently 11.6 days. Currently, 15.1% of the company's stock are short sold. View Benefitfocus' Current Options Chain.

Who are some of Benefitfocus' key competitors?

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), Honeywell International (HON), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Aegean Marine Petroleum Network (ANW), Accenture (ACN) and Alibaba Group (BABA).

Who are Benefitfocus' key executives?

Benefitfocus' management team includes the folowing people:
  • Mr. Mason R. Holland Jr., Co-Founder & Exec. Chairman (Age 54)
  • Mr. Raymond Alexander August, CEO, Pres & Director (Age 57)
  • Mr. Jonathon E. Dussault CPA, CFO & Treasurer (Age 46)
  • Mr. James P. Restivo, Chief Technology Officer (Age 58)
  • Mr. Ken Haderer, Exec. VP of Global Operations

Who are Benefitfocus' major shareholders?

Benefitfocus' stock is owned by a variety of of retail and institutional investors. Top institutional investors include First Trust Advisors LP (1.91%), Peregrine Capital Management LLC (1.27%), Selz Capital LLC (0.63%), California Public Employees Retirement System (0.14%), Essex Investment Management Co. LLC (0.10%) and Raymond James Trust N.A. (0.05%). Company insiders that own Benefitfocus stock include A Lanham Napier, Francis J Pelzer, Goldman Sachs Group Inc, James P Restivo, Jonathon E Dussault, Joseph P Disabato, Lou Anne Gilmore and Raymond Alexander August. View Institutional Ownership Trends for Benefitfocus.

Which major investors are selling Benefitfocus stock?

BNFT stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP and Essex Investment Management Co. LLC. Company insiders that have sold Benefitfocus company stock in the last year include Francis J Pelzer, Goldman Sachs Group Inc, James P Restivo, Jonathon E Dussault, Joseph P Disabato and Lou Anne Gilmore. View Insider Buying and Selling for Benefitfocus.

Which major investors are buying Benefitfocus stock?

BNFT stock was acquired by a variety of institutional investors in the last quarter, including Selz Capital LLC, California Public Employees Retirement System, Peregrine Capital Management LLC, Tower Research Capital LLC TRC , SG Americas Securities LLC, Raymond James Trust N.A. and First Mercantile Trust Co.. Company insiders that have bought Benefitfocus stock in the last two years include A Lanham Napier and Raymond Alexander August. View Insider Buying and Selling for Benefitfocus.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Benefitfocus' stock price today?

One share of BNFT stock can currently be purchased for approximately $23.22.

How big of a company is Benefitfocus?

Benefitfocus has a market capitalization of $760.22 million and generates $258.72 million in revenue each year. The software maker earns $-52,630,000.00 in net income (profit) each year or ($1.49) on an earnings per share basis. Benefitfocus employs 1,450 workers across the globe.View Additional Information About Benefitfocus.

What is Benefitfocus' official website?

The official website for Benefitfocus is http://www.benefitfocus.com/.

How can I contact Benefitfocus?

Benefitfocus' mailing address is 100 BENEFITFOCUS WAY, CHARLESTON SC, 29492. The software maker can be reached via phone at 843-849-7476 or via email at [email protected]


MarketBeat Community Rating for Benefitfocus (NASDAQ BNFT)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  399 (Thanks for Voting!)
Underperform Votes:  377 (Thanks for Voting!)
Total Votes:  776
MarketBeat's community ratings are surveys of what our community members think about Benefitfocus and other stocks. Vote "Outperform" if you believe BNFT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BNFT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/15/2019 by MarketBeat.com Staff

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