S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
NASDAQ:BNFT

Benefitfocus - BNFT Stock Forecast, Price & News

$7.40
+0.03 (+0.41%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$7.16
$7.54
50-Day Range
$7.37
$9.81
52-Week Range
$7.16
$13.06
Volume
185,021 shs
Average Volume
67,026 shs
Market Capitalization
$251.30 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
35.1% Upside
$10.00 Price Target
Short Interest
Healthy
2.93% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.31
Upright™ Environmental Score
News Sentiment
0.45mentions of Benefitfocus in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$319,153 Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($0.17) to ($0.73) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Computer And Technology Sector

250th out of 832 stocks

Prepackaged Software Industry

69th out of 269 stocks

BNFT stock 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.

Benefitfocus Price Performance

Shares of Benefitfocus stock opened at $7.40 on Friday. Benefitfocus has a 1-year low of $7.16 and a 1-year high of $13.06. The company's fifty day simple moving average is $8.35 and its 200-day simple moving average is $9.81. The stock has a market capitalization of $251.30 million, a PE ratio of -6.92 and a beta of 1.64.

Benefitfocus (NASDAQ:BNFT - Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The software maker reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.06. During the same quarter in the previous year, the firm posted ($0.31) earnings per share. As a group, research analysts anticipate that Benefitfocus will post -0.17 EPS for the current year.

Analysts Set New Price Targets

BNFT has been the topic of several recent research reports. Piper Sandler downgraded Benefitfocus from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $16.00 to $9.00 in a research report on Wednesday, June 22nd. StockNews.com upgraded shares of Benefitfocus from a "hold" rating to a "buy" rating in a report on Tuesday, July 19th.

Insider Transactions at Benefitfocus

In other news, CEO Matthew Levin sold 37,154 shares of the business's stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $8.59, for a total value of $319,152.86. Following the sale, the chief executive officer now directly owns 511,336 shares in the company, valued at approximately $4,392,376.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 14.86% of the company's stock.

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BNFT Stock News Headlines

Benefitfocus: Q2 Earnings Insights - Benzinga
Benefitfocus: Q2 Earnings Snapshot - Greenwich Time
Earnings Outlook For Benefitfocus - Benzinga
Benefitfocus (BNFT) Scheduled to Post Earnings on Wednesday
Benefitfocus (NASDAQ:BNFT) Upgraded at StockNews.com
See More Headlines
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BNFT Company Calendar

Last Earnings
8/03/2022
Today
8/07/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

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
+35.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
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
$251.30 million
Optionable
Optionable
Beta
1.64

Key Executives

  • Mr. Matthew C. Levin (Age 49)
    Pres, CEO & Director
    Comp: $858.56k
  • Ms. Alpana Wegner (Age 49)
    CFO & Treasurer
    Comp: $517.74k
  • Mr. Michael Bauer
    Investor Relations
  • Ms. Lou Anne Gilmore (Age 65)
    VP of Corp. Devel.
  • Mr. Peter Anthony Allen (Age 61)
    Sr. VP of Sales & Marketing
  • 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













BNFT Stock - Frequently Asked Questions

Should I buy or sell Benefitfocus stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Benefitfocus in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities 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 1 year price objectives for Benefitfocus' stock. Their BNFT stock forecasts range from $9.00 to $11.00. On average, they predict Benefitfocus' share price to reach $10.00 in the next year. This suggests a possible upside of 35.1% 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 at the beginning of 2022. Since then, BNFT stock has decreased by 30.6% and is now trading at $7.40.
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 Wednesday, November 2nd 2022.
View our earnings forecast for Benefitfocus
.

How were Benefitfocus' earnings last quarter?

Benefitfocus, Inc. (NASDAQ:BNFT) announced its quarterly earnings results on Wednesday, August, 3rd. The software maker reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.06. During the same quarter in the prior year, the business earned ($0.31) EPS.

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

Benefitfocus updated its third quarter earnings guidance on Wednesday, August, 3rd. The company provided EPS guidance of ($0.18)-($0.12) for the period, compared to the consensus earnings per share estimate of ($0.09). The company issued revenue guidance of $55-$57 million, compared to the consensus revenue estimate of $60.52 million.

What is Matt Levin's approval rating as Benefitfocus' CEO?

34 employees have rated Benefitfocus CEO Matt Levin on Glassdoor.com. Matt Levin has an approval rating of 60% among Benefitfocus' 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.

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 Honeywell International (HON).

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 Mirae Asset Global Investments Co. Ltd. (1.04%), Horrell Capital Management Inc. (0.98%), Allspring Global Investments Holdings LLC (0.22%), Los Angeles Capital Management LLC (0.16%), Envestnet Asset Management Inc. (0.10%) and SG Americas Securities LLC (0.06%). Company insiders that own Benefitfocus stock include Alpana Wegner, Annmarie Fini, Indaba Capital Management, LP, James P Restivo and Matthew Levin.
View institutional ownership trends 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 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 $7.40.

How much money does Benefitfocus make?

Benefitfocus (NASDAQ:BNFT) has a market capitalization of $251.30 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.

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 8/7/2022 by MarketBeat.com Staff

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