Benefitfocus - BNFT Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Benefitfocus in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BNFT shares. 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.
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4 equities research analysts have issued 12 month price objectives for Benefitfocus' shares. Their BNFT share price forecasts range from $6.00 to $11.00. On average, they predict the company's share price to reach $9.00 in the next year. This suggests a possible upside of 41.7% from the stock's current price.
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Benefitfocus' stock was trading at $10.66 on January 1st, 2022. Since then, BNFT stock has decreased by 40.4% and is now trading at $6.35.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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Benefitfocus, Inc. (NASDAQ:BNFT) posted its quarterly earnings data on Wednesday, August, 3rd. The software maker reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.21) by $0.04. The software maker had revenue of $56.59 million for the quarter, compared to the consensus estimate of $56.37 million. During the same quarter in the prior year, the business posted ($0.31) earnings per share.

Benefitfocus issued an update on its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of -$0.18--$0.12 for the period, compared to the consensus EPS estimate of -$0.08. The company issued revenue guidance of $55.00 million-$57.00 million, compared to the consensus revenue estimate of $60.52 million.

34 employees have rated Benefitfocus Chief Executive Officer Matt Levin on Glassdoor.com. Matt Levin has an approval rating of 60% among the company's employees. This puts Matt Levin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 53.0% of employees surveyed would recommend working at Benefitfocus to a friend.

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 Honeywell International (HON).

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

Shares of BNFT stock 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.
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One share of BNFT stock can currently be purchased for approximately $6.35.

Benefitfocus (NASDAQ:BNFT) has a market capitalization of $217.42 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 ($1.07) on an earnings per share basis.

The company employs 1,100 workers across the globe.

Benefitfocus' mailing address is 100 BENEFITFOCUS WAY, CHARLESTON SC, 29492. The official website for the company 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.