NASDAQ:BNFT - Benefitfocus Stock Price, News, & Analysis

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$29.55 +1.26 (+4.45 %)
(As of 05/26/2019 09:31 AM ET)
Previous Close$29.55
Today's Range$28.52 - $29.65
52-Week Range$28.11 - $60.66
Volume380,135 shs
Average Volume559,614 shs
Market Capitalization$961.26 million
P/E RatioN/A
Dividend YieldN/A
Beta1.3
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. The company's products for employers include Benefitfocus Marketplace that streamlines online enrollment, employee communication, and benefit administration; ACA Management and Reporting, a solution for employers to manage ACA compliance; Consolidated Billing & Payment, an application that synchronizes enrollment and billing information to streamline the monthly billing process, automate adjustments, and enhance accuracy of payments; Consumer-Directed Healthcare Accounts, a solution for health savings accounts management; and COBRA Administration, a solution for employers that simplifies management of Consolidated Omnibus Budget Reconciliation Act, benefits. In addition, it provides professional and customer support services, which include implementation services, such as discovery, configuration and deployment, integration, testing, training, and technical support; and fulfillment, dependent verification, and HR administration services. The company was founded in 2000 and is headquartered in Charleston, South Carolina.

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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:BNFT
CUSIPN/A
Phone843-849-7476

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$258.72 million
Book Value($0.32) per share

Profitability

Net Income$-52,630,000.00

Miscellaneous

Employees1,450
Market Cap$961.26 million
Next Earnings Date8/1/2019 (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 Wednesday, May, 1st. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.20) by $0.01. The software maker had revenue of $68.30 million for the quarter, compared to the consensus estimate of $67.77 million. Benefitfocus's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.26) earnings per share. View Benefitfocus' Earnings History.

When is Benefitfocus' next earnings date?

Benefitfocus is scheduled to release their next quarterly earnings announcement on Thursday, August 1st 2019. View Earnings Estimates for Benefitfocus.

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

Benefitfocus updated its second quarter 2019 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of $-0.46--0.4 for the period, compared to the Thomson Reuters consensus estimate of $-0.17. The company issued revenue guidance of $66.5-68.5 million, compared to the consensus revenue estimate of $71.01 million.Benefitfocus also updated its FY 2019 guidance to $-0.83--0.68 EPS.

What price target have analysts set for BNFT?

10 equities research analysts have issued twelve-month price targets for Benefitfocus' stock. Their forecasts range from $36.00 to $61.00. On average, they expect Benefitfocus' stock price to reach $53.10 in the next twelve months. This suggests a possible upside of 79.7% 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 4 hold ratings and 6 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. 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. " (5/8/2019)
  • 2. 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?

News articles about BNFT stock have been trending negative this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Benefitfocus earned a media sentiment score of -2.0 on InfoTrie's scale. They also gave headlines about the software maker a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an effect on the company's share price in the near future.

Who are some of Benefitfocus' key competitors?

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), Athabasca Oil (ATH), Aegean Marine Petroleum Network (ANW), Honeywell International (HON), Accenture (ACN) and Genocea Biosciences (GNCA).

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 a variety of of institutional and retail investors. Top institutional investors include FMR LLC (14.70%), BlackRock Inc. (6.99%), Frontier Capital Management Co. LLC (5.03%), Artisan Partners Limited Partnership (3.74%), Baillie Gifford & Co. (2.65%) and Wellington Management Group LLP (1.66%). 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, Raymond Alexander August and Shawn A Jenkins. View Institutional Ownership Trends for Benefitfocus.

Which major investors are selling Benefitfocus stock?

BNFT stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., ArrowMark Colorado Holdings LLC, Parametric Portfolio Associates LLC, Citigroup Inc., Jane Street Group LLC, FMR LLC, Peregrine Capital Management LLC and New York State Common Retirement Fund. 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 and Joseph P Disabato. View Insider Buying and Selling for Benefitfocus.

Which major investors are buying Benefitfocus stock?

BNFT stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Frontier Capital Management Co. LLC, Rothschild & Co. Asset Management US Inc., Loomis Sayles & Co. L P, Morgan Stanley, Laurion Capital Management LP, Marshall Wace LLP and Voya Investment Management 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, Scottrade, Fidelity and Charles Schwab.

What is Benefitfocus' stock price today?

One share of BNFT stock can currently be purchased for approximately $29.55.

How big of a company is Benefitfocus?

Benefitfocus has a market capitalization of $961.26 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.

What is Benefitfocus' official website?

The official website for Benefitfocus is http://www.benefitfocus.com/.

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)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  384 (Vote Outperform)
Underperform Votes:  326 (Vote Underperform)
Total Votes:  710
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.
This page was last updated on 5/26/2019 by MarketBeat.com Staff

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