Benefitfocus - BNFT Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Benefitfocus in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street 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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3 equities research analysts have issued 12 month price targets for Benefitfocus' stock. Their BNFT share price forecasts range from $9.00 to $11.00. On average, they anticipate the company's stock price to reach $10.00 in the next year. This suggests a possible upside of 28.7% from the stock's current price.
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Benefitfocus' stock was trading at $10.66 at the beginning of the year. Since then, BNFT stock has decreased by 27.1% and is now trading at $7.77.
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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 earnings results on Wednesday, August, 3rd. The software maker reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by $0.04. The software maker earned $56.59 million during the quarter, compared to the consensus estimate of $56.37 million. During the same quarter in the previous year, the business posted ($0.31) earnings per share.

Benefitfocus updated its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of -$0.18--$0.12 for the period, compared to the consensus earnings per share 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

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

Benefitfocus' stock is owned by many different retail and institutional investors. Top institutional investors include Needham Investment Management LLC (3.48%), Baillie Gifford & Co. (2.93%), State Street Corp (1.60%), Deutsche Bank AG (1.13%), Mirae Asset Global Investments Co. Ltd. (1.04%) and Horrell Capital Management Inc. (0.98%). 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 $7.77.

Benefitfocus (NASDAQ:BNFT) has a market capitalization of $266.02 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.