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.
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Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Phone843-849-7476
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$258.72 million
Profitability
Miscellaneous
Employees1,450
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable
Benefitfocus (NASDAQ:BNFT) Frequently Asked Questions
What is Benefitfocus' stock symbol?
Benefitfocus trades on the NASDAQ under the ticker symbol "BNFT."
How were Benefitfocus' earnings last quarter?
Benefitfocus Inc (NASDAQ:BNFT) released its quarterly earnings data on Tuesday, August, 6th. The software maker reported ($0.42) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.64) by $0.22. The software maker earned $68.60 million during the quarter, compared to analysts' expectations of $67.51 million. The firm's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company earned ($0.24) earnings per share. View Benefitfocus' Earnings History.
When is Benefitfocus' next earnings date?
What guidance has Benefitfocus issued on next quarter's earnings?
Benefitfocus updated its FY 2019 earnings guidance on Tuesday, August, 6th. The company provided earnings per share guidance of $-0.95--0.8 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.74. The company issued revenue guidance of $292-300 million, compared to the consensus revenue estimate of $303.45 million.
What price target have analysts set for BNFT?
10 brokers have issued 12 month price targets for Benefitfocus' stock. Their predictions range from $27.00 to $61.00. On average, they anticipate Benefitfocus' share price to reach $44.80 in the next twelve months. This suggests a possible upside of 83.7% from the stock's current price. View Analyst Price Targets for Benefitfocus.
What is the consensus analysts' recommendation for Benefitfocus?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Benefitfocus in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Benefitfocus.
What are Wall Street analysts saying about Benefitfocus stock?
Here are some recent quotes from research analysts about Benefitfocus stock:
- 1. 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)
- 2. 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. " (7/25/2019)
- 3. Cantor Fitzgerald analysts commented, ". We reiterate our Overweight rating on BNFT shares. Our price target remains $60. After the market close on the company reported 1Q19 results, with revenue and adjusted EBITDA above our estimates, while adjusted loss per share was slightly larger than our estimate. Our interest expense assumption was too low. Eligible lives increased significantly, and BNFT has added new suppliers to its BenefitsPlace platform. The company maintained its 2019 full year revenue and adjusted EBITDA guidance. BNFT provided 2019 adjusted loss per share guidance, which was greater than our estimate and FactSet consensus." (5/1/2019)
Has Benefitfocus been receiving favorable news coverage?
Media stories about BNFT stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Benefitfocus earned a news sentiment score of -1.3 on InfoTrie's scale. They also gave news headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Benefitfocus.
Are investors shorting Benefitfocus?
Benefitfocus saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 4,578,100 shares, an increase of 5.2% from the July 31st total of 4,350,900 shares. Based on an average daily volume of 435,800 shares, the short-interest ratio is currently 10.5 days. Approximately 16.0% of the company's stock are sold short. View Benefitfocus' Current Options Chain.
Who are some of Benefitfocus' key competitors?
Some companies that are related to Benefitfocus include SINA (SINA), Qualys (QLYS), Appian (APPN), Blackline (BL), Cogent Communications (CCOI), BOX (BOX), LivePerson (LPSN), Rapid7 (RPD), Fastly (FSLY), Altair Engineering (ALTR), Cloudera (CLDR), Mimecast (MIME), AlarmCom (ALRM), Tenable (TENB) and Everbridge (EVBG).
What other stocks do shareholders of Benefitfocus own?
Who are Benefitfocus' key executives?
Benefitfocus' management team includes the folowing 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
Who are Benefitfocus' major shareholders?
Benefitfocus' stock is owned by many different of institutional and retail investors. Top institutional investors include Bamco Inc. NY (12.67%), BlackRock Inc. (8.87%), Vanguard Group Inc. (7.52%), Baillie Gifford & Co. (2.64%), Tikvah Management LLC (2.20%) and First Trust Advisors LP (2.10%). Company insiders that own Benefitfocus stock include A Lanham Napier, Francis J Pelzer, Goldman Sachs Group Inc, James P Restivo, Jonathon E Dussault, Joseph P Disabato, Lou Anne Gilmore, Raymond Alexander August and Shawn A Jenkins. View Institutional Ownership Trends for Benefitfocus.
Which institutional investors are selling Benefitfocus stock?
BNFT stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Invesco Ltd., Vanguard Group Inc., Bank of America Corp DE, JPMorgan Chase & Co., Renaissance Technologies LLC, Pier 88 Investment Partners LLC and UBS Asset Management Americas Inc.. Company insiders that have sold Benefitfocus company stock in the last year include Francis J Pelzer, Goldman Sachs Group Inc, James P Restivo, Jonathon E Dussault, Joseph P Disabato and Lou Anne Gilmore. View Insider Buying and Selling for Benefitfocus.
Which institutional investors are buying Benefitfocus stock?
BNFT stock was acquired by a variety of institutional investors in the last quarter, including Tikvah Management LLC, First Trust Advisors LP, BlackRock Inc., Nuveen Asset Management LLC, Morgan Stanley, D. E. Shaw & Co. Inc., Wells Fargo & Company MN and Selz Capital LLC. Company insiders that have bought Benefitfocus stock in the last two years include A Lanham Napier, Raymond Alexander August and Shawn A Jenkins. View Insider Buying and Selling 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 $24.39.
How big of a company is Benefitfocus?
Benefitfocus has a market capitalization of $797.55 million and generates $258.72 million in revenue each year. The software maker earns $-52,630,000.00 in net income (profit) each year or ($1.49) on an earnings per share basis. Benefitfocus employs 1,450 workers across the globe.View Additional Information About Benefitfocus.
What is Benefitfocus' official website?
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]
MarketBeat Community Rating for Benefitfocus (NASDAQ BNFT)
MarketBeat's community ratings are surveys of what our community members think about Benefitfocus and other stocks. Vote "Outperform" if you believe BNFT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BNFT will underperform the S&P 500 over the long term. You may vote once every thirty days.
