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NASDAQ:BNFTBenefitfocus Stock Price, Forecast & News

$10.25
-0.36 (-3.39 %)
(As of 07/14/2020 04:00 PM ET)
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Today's Range
$10.25
Now: $10.25
$10.86
50-Day Range
$10.25
MA: $11.73
$14.91
52-Week Range
$6.09
Now: $10.25
$28.25
Volume311,600 shs
Average Volume545,491 shs
Market Capitalization$329.10 million
P/E RatioN/A
Dividend YieldN/A
Beta1.63
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. The company's products for employers include Benefitfocus Marketplace that streamlines online enrollment, employee communication, and benefit administration; ACA Management and Reporting, a solution for employers to manage ACA compliance; Consolidated Billing & Payment, an application that synchronizes enrollment and billing information to streamline the monthly billing process, automate adjustments, and enhance accuracy of payments; Consumer-Directed Healthcare Accounts, a solution for health savings accounts management; and COBRA Administration, a solution for employers that simplifies management of Consolidated Omnibus Budget Reconciliation Act, benefits. In addition, it provides professional and customer support services, which include implementation services, such as discovery, configuration and deployment, integration, testing, training, and technical support; 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: 3.4Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.48 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$295.69 million
Book Value($0.78) per share

Profitability

Net Income$-45,510,000.00

Miscellaneous

Employees1,560
Market Cap$329.10 million
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Benefitfocus (NASDAQ:BNFT) Frequently Asked Questions

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

Benefitfocus' stock was trading at $10.21 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BNFT stock has increased by 0.4% and is now trading at $10.25. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Benefitfocus?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Benefitfocus in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Benefitfocus.

When is Benefitfocus' next earnings date?

Benefitfocus is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Benefitfocus.

How were Benefitfocus' earnings last quarter?

Benefitfocus Inc (NASDAQ:BNFT) posted its quarterly earnings data on Wednesday, May, 6th. The software maker reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.05. The software maker earned $66.15 million during the quarter, compared to the consensus estimate of $65.96 million. The firm's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. View Benefitfocus' earnings history.

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

Benefitfocus updated its FY20 earnings guidance on Wednesday, May, 6th. The company provided EPS guidance of (0.56-0.25) for the period, compared to the Thomson Reuters consensus estimate of ($0.59). The company issued revenue guidance of $250-270 million, compared to the consensus revenue estimate of $261.74 million.

What price target have analysts set for BNFT?

8 brokers have issued 1-year target prices for Benefitfocus' shares. Their forecasts range from $12.00 to $45.00. On average, they anticipate Benefitfocus' stock price to reach $28.11 in the next twelve months. This suggests a possible upside of 174.3% from the stock's current price. View analysts' price targets 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. " (6/30/2020)
  • 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)

Has Benefitfocus been receiving favorable news coverage?

Press coverage about BNFT stock has trended somewhat positive this week, InfoTrie reports. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Benefitfocus earned a daily sentiment score of 2.0 on InfoTrie's scale. They also gave media stories about the software maker a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news about Benefitfocus.

Are investors shorting Benefitfocus?

Benefitfocus saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 3,190,000 shares, a decline of 5.6% from the June 15th total of 3,380,000 shares. Based on an average trading volume of 563,700 shares, the short-interest ratio is presently 5.7 days. Currently, 13.2% 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), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Designer Brands (DBI), Micron Technology (MU), Alibaba Group (BABA), salesforce.com (CRM) 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 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

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 number of institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.05%). 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 buying Benefitfocus stock?

BNFT stock was bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. 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 $10.25.

How big of a company is Benefitfocus?

Benefitfocus has a market capitalization of $329.10 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 7/15/2020 by MarketBeat.com Staff

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