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NASDAQ:BNFT - Benefitfocus Stock Price, Forecast & News

$8.63
+0.18 (+2.13 %)
(As of 03/29/2020 02:48 AM ET)
Today's Range
$7.96
Now: $8.63
$8.97
50-Day Range
$6.18
MA: $12.83
$18.51
52-Week Range
$6.09
Now: $8.63
$50.78
Volume392,667 shs
Average Volume1.03 million shs
Market Capitalization$283.24 million
P/E RatioN/A
Dividend YieldN/A
Beta1.27
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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Benefitfocus logo

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$295.69 million
Book Value($0.78) per share

Profitability

Net Income$-45,510,000.00

Miscellaneous

Employees1,560
Market Cap$283.24 million
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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Benefitfocus (NASDAQ:BNFT) Frequently Asked Questions

How has Benefitfocus' stock been impacted by COVID-19 (Coronavirus)?

Benefitfocus' stock was trading at $10.21 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BNFT shares have decreased by 15.5% and is now trading at $8.63. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Benefitfocus?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Benefitfocus in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Benefitfocus.

When is Benefitfocus' next earnings date?

Benefitfocus is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Benefitfocus.

How were Benefitfocus' earnings last quarter?

Benefitfocus Inc (NASDAQ:BNFT) issued its quarterly earnings data on Tuesday, March, 3rd. The software maker reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.11. The software maker earned $87.10 million during the quarter, compared to analysts' expectations of $87.38 million. Benefitfocus's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. View Benefitfocus' earnings history.

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

Benefitfocus issued an update on its FY20 earnings guidance on Tuesday, March, 3rd. The company provided EPS guidance of ($0.69)-($0.54) for the period, compared to the Thomson Reuters consensus estimate of ($0.54). The company issued revenue guidance of $310-$320 million, compared to the consensus revenue estimate of $332.10 million.

What price target have analysts set for BNFT?

9 Wall Street analysts have issued twelve-month target prices for Benefitfocus' stock. Their forecasts range from $16.00 to $45.00. On average, they expect Benefitfocus' share price to reach $31.78 in the next twelve months. This suggests a possible upside of 268.2% from the stock's current price. View analysts' price targets 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. " (3/9/2020)
  • 2. 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)

Has Benefitfocus been receiving favorable news coverage?

Media headlines about BNFT stock have trended negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Benefitfocus earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned news coverage about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutBenefitfocus.

Are investors shorting Benefitfocus?

Benefitfocus saw a decline in short interest in March. As of March 13th, there was short interest totaling 3,275,000 shares, a decline of 14.0% from the February 27th total of 3,810,000 shares. Based on an average trading volume of 1,180,900 shares, the short-interest ratio is presently 2.8 days. Approximately 11.4% of the company's shares are sold short. View Benefitfocus' Current Options Chain.

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), Micron Technology (MU), Honeywell International (HON), Athabasca Oil (ATH), Aegean Marine Petroleum Network (ANW) and Alibaba Group (BABA).

Who are Benefitfocus' key executives?

Benefitfocus' management team includes the following 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

What is Benefitfocus' stock symbol?

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

Who are Benefitfocus' major shareholders?

Benefitfocus' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bamco Inc. NY (11.41%), ArrowMark Colorado Holdings LLC (6.36%), Baillie Gifford & Co. (2.76%), First Trust Advisors LP (2.13%), State Street Corp (2.02%) and Nuveen Asset Management LLC (1.55%). Company insiders that own Benefitfocus stock include Francis J Pelzer, Goldman Sachs Group Inc, James P Restivo, Jonathon E Dussault, Joseph P Disabato, Lou Anne Gilmore and Raymond Alexander August. 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 Rothschild & Co. Asset Management US Inc., Bamco Inc. NY, State Street Corp, Sei Investments Co., Bank of America Corp DE, Tower Research Capital LLC TRC, 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, James P Restivo, Jonathon E Dussault, Joseph P Disabato, and Lou Anne Gilmore. View insider buying and selling activity for Benefitfocus.

Which major investors are buying Benefitfocus stock?

BNFT stock was bought by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, Nuveen Asset Management LLC, Fred Alger Management LLC, Marshall Wace North America L.P., Jacobs Levy Equity Management Inc., Marshall Wace LLP, First Trust Advisors LP, and Raymond James & Associates. View insider buying and selling activity 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 $8.63.

How big of a company is Benefitfocus?

Benefitfocus has a market capitalization of $283.24 million and generates $295.69 million in revenue each year. The software maker earns $-45,510,000.00 in net income (profit) each year or ($1.29) on an earnings per share basis. Benefitfocus employs 1,560 workers across the globe. View additional information about Benefitfocus.

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:  2.4 out of 5 (star star)
Outperform Votes:  422 (Vote Outperform)
Underperform Votes:  450 (Vote Underperform)
Total Votes:  872
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 3/29/2020 by MarketBeat.com Staff

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