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NASDAQ:BNFT

Benefitfocus Stock Forecast, Price & News

$12.72
+0.21 (+1.68 %)
(As of 11/24/2020 12:00 AM ET)
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Today's Range
$12.63
Now: $12.72
$13.40
50-Day Range
$9.96
MA: $10.94
$12.57
52-Week Range
$6.09
Now: $12.72
$24.41
Volume224,908 shs
Average Volume475,303 shs
Market Capitalization$409.60 million
P/E RatioN/A
Dividend YieldN/A
Beta1.57
Benefitfocus, Inc. provides cloud-based benefits management platform for consumers, employees, employers, insurance brokers, carriers, and suppliers in the United States. The company's products for insurance carriers include MarketPlace Enroll for carriers to automate enrollment to various commercial group business; MarketPlace Bill, an electronic invoice presentment and payment solution; MarketPlace Exchange, a solution that bridges the integration gap between carrier and employer systems; and MarketPlace Quote for carriers and brokers tools to organize and manage accounts, track leads, generate quotes, and create proposals for various products. Its products for employers comprise Benefitfocus Marketplace that streamlines online enrollment, employee communication, and benefit administration; Insights, a data analytics solution; ACA Management and Reporting, a solution for employers to manage ACA compliance; MarketPlace 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 also provides BenefitSAIGE Analytics that aggregates benefit cost and claims data from relevant sources, identifies cost drivers, recognizes trends, and predicts future risks and costs; and BenefitsPlace, a transaction-oriented, marketplace solution that connects employers, brokers, insurance carriers, suppliers, and consumers on a single platform. In addition, it provides professional services, such as discovery, configuration and deployment, integration, testing, and training services; technical support services; and fulfillment, dependent verification, and HR administration services. The company was founded in 2000 and is headquartered in Charleston, South Carolina.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.60 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
Current SymbolNASDAQ:BNFT
CUSIPN/A
Phone843-849-7476
Employees1,560

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$295.69 million
Book Value($1.67) per share

Profitability

Net Income$-45,510,000.00

Miscellaneous

Market Cap$409.60 million
Next Earnings Date3/2/2021 (Estimated)
OptionableOptionable
$12.72
+0.21 (+1.68 %)
(As of 11/24/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Benefitfocus (NASDAQ:BNFT) Frequently Asked Questions

How has Benefitfocus' stock been impacted by COVID-19?

Benefitfocus' stock was trading at $10.21 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, BNFT stock has increased by 24.6% and is now trading at $12.72.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Benefitfocus?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Benefitfocus in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Benefitfocus
.

What stocks does MarketBeat like better than Benefitfocus?

Wall Street analysts have given Benefitfocus a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Benefitfocus wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Benefitfocus' next earnings date?

Benefitfocus is scheduled to release its next quarterly earnings announcement on Tuesday, March 2nd 2021.
View our earnings forecast for Benefitfocus
.

How were Benefitfocus' earnings last quarter?

Benefitfocus, Inc. (NASDAQ:BNFT) announced its earnings results on Tuesday, November, 10th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.14) by $0.06. The software maker had revenue of $63.58 million for the quarter, compared to analyst estimates of $61.02 million. The firm's revenue was down 11.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.23) EPS.
View Benefitfocus' earnings history
.

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

Benefitfocus issued an update on its fourth quarter earnings guidance on Thursday, November, 5th. The company provided earnings per share guidance of ($0.05) to $0.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.11. The company issued revenue guidance of $68.1 million to $78.1 million, compared to the consensus revenue estimate of $76.09 million.

What price target have analysts set for BNFT?

5 equities research analysts have issued 1 year price targets for Benefitfocus' stock. Their forecasts range from $12.00 to $45.00. On average, they expect Benefitfocus' share price to reach $23.33 in the next year. This suggests a possible upside of 83.4% from the stock's current price.
View analysts' price targets for Benefitfocus
.

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), Chipotle Mexican Grill (CMG), Micron Technology (MU), Designer Brands (DBI), STMicroelectronics (STM), Athabasca Oil Co. (ATH.TO) (ATH) and Honeywell International (HON).

Who are Benefitfocus' key executives?

Benefitfocus' management team includes the following people:
  • Mr. Mason R. Holland Jr., Co-Founder & Exec. Chairman (Age 55, Pay $381.62k)
  • Mr. Stephen M. Swad, Pres, CEO & Director (Age 58, Pay $447.42k)
  • Ms. Lou Anne Gilmore, VP of Corp. Devel. (Age 63, Pay $257.75k)
  • Mr. Raymond Alexander August, Exec. Officer (Age 58, Pay $621.35k)
  • Mr. James P. Restivo, Advisor (Age 59, Pay $431.49k)
  • Ms. Alpana Wegner, Chief Financial Officer
  • Mr. Michael Bauer, Investor Relations
  • Mr. Peter Anthony Allen, Sr. VP of Sales & Marketing (Age 59)
  • Ms. Robin Kirby, Chief HR Officer
  • Ms. Annmarie Fini, Exec. VP of Customer Success (Age 49)

What is Benefitfocus' stock symbol?

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

Who are Benefitfocus' major shareholders?

Benefitfocus' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.24%), ArrowMark Colorado Holdings LLC (6.41%), Toronado Partners LLC (2.89%), State Street Corp (2.27%), Wells Fargo & Company MN (1.45%) and Acadian Asset Management LLC (0.87%). Company insiders that own Benefitfocus stock include Annmarie Fini, 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 ArrowMark Colorado Holdings LLC, Wells Fargo & Company MN, Boardman Bay Capital Management LLC, BlackRock Inc., Aigen Investment Management LP, Jane Street Group LLC, Schonfeld Strategic Advisors LLC, and Schonfeld Strategic Advisors LLC. Company insiders that have sold Benefitfocus company stock in the last year include Annmarie Fini, and James P Restivo.
View insider buying and selling activity for Benefitfocus
.

Which major investors are buying Benefitfocus stock?

BNFT stock was purchased by a variety of institutional investors in the last quarter, including Toronado Partners LLC, Acadian Asset Management LLC, Squarepoint Ops LLC, Engineers Gate Manager LP, Cubist Systematic Strategies LLC, Paloma Partners Management Co, Twinbeech Capital LP, and BNP Paribas Arbitrage SA.
View insider buying and selling activity 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 $12.72.

How big of a company is Benefitfocus?

Benefitfocus has a market capitalization of $409.60 million and generates $295.69 million in revenue each year. The software maker earns $-45,510,000.00 in net income (profit) each year or ($1.29) on an earnings per share basis. Benefitfocus employs 1,560 workers across the globe.

What is Benefitfocus' official website?

The official website for Benefitfocus is 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]

This page was last updated on 11/25/2020 by MarketBeat.com Staff

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