Benefitfocus - BNFT Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Benefitfocus in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued 1 year price objectives for Benefitfocus' stock. Their BNFT share price forecasts range from $10.00 to $11.00. On average, they expect the company's share price to reach $10.50 in the next year. This suggests a possible upside of 0.9% from the stock's current price.
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Benefitfocus' stock was trading at $10.66 at the beginning of 2022. Since then, BNFT stock has decreased by 2.3% and is now trading at $10.41.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
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Benefitfocus, Inc. (NASDAQ:BNFT) posted its earnings results on Tuesday, November, 2nd. The software maker reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.04. The software maker had revenue of $62.03 million for the quarter, compared to analysts' expectations of $59 million. During the same quarter in the prior year, the company earned ($0.20) earnings per share.

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

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

Benefitfocus' stock is owned by many different retail and institutional investors. Top institutional shareholders include Lynrock Lake LP (5.23%), Vanguard Group Inc. (5.21%), Baillie Gifford & Co. (2.75%), Owls Nest Partners IA LLC (0.88%), Jacobs Levy Equity Management Inc. (0.66%) and Nuveen Asset Management LLC (0.59%). Insiders that own company stock include Alpana Wegner, Annmarie Fini, Indaba Capital Management, LP, James P Restivo and Matthew Levin.
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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 $10.41.

Benefitfocus (NASDAQ:BNFT) has a market capitalization of $358.31 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 ($0.73) 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.