Benefitfocus - BNFT Stock Forecast, Price & News

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.