NASDAQ:BNFT

Benefitfocus Stock Forecast, Price & News

$14.10
-0.17 (-1.19 %)
(As of 06/18/2021 01:11 PM ET)
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Today's Range
$14.10
$14.35
50-Day Range
$13.47
$14.79
52-Week Range
$9.36
$17.58
Volume2,931 shs
Average Volume326,017 shs
Market Capitalization$467.85 million
P/E RatioN/A
Dividend YieldN/A
Beta1.75
30 days | 90 days | 365 days | Advanced Chart
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Benefitfocus logo

About Benefitfocus

Benefitfocus, Inc. provides cloud-based benefits management technology solutions for employers and health plans in the United States. Its products for employers comprise Benefitplace, a cloud-based benefits management portal that streamlines online enrollment, employee communication, and benefit administration; Health Insights, a data analytics solution; ACA Management and Reporting, a solution for employers to manage ACA compliance; Billing & Payments, an application that synchronizes enrollment and billing information to streamline the monthly billing process, automate adjustments, and enhance accuracy of payments; and COBRA Administration, a solution that simplifies management of Consolidated Omnibus Budget Reconciliation Act, benefits. The company's products for health plans include Enrollment that provides platform for carriers to automate enrollment across all segments of their commercial group business; Billing & Payments, an electronic invoice presentment and payment solution; Exchange, a solution that bridges the integration gap between health plan and employer systems; and Quoting that gives health plans and brokers tools to organize and proactively manage accounts, track leads, generate quotes, and create proposals for multiple products. Its products for brokers consist of Health Insights that support strategic decisions for their clients with on-demand health plan analytics; Benefit Catalog, which allows brokers to offer products to their clients; and benefit catalog consultative support for brokers through benefit advisors. The company also provides implementation services to its customers in order to help ensure seamless deployment and effective utilization of its solutions; and employers with expanded support services. The company was incorporated in 2000 and is headquartered in Charleston, South Carolina.

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MarketRank

Overall MarketRank

1.14 out of 5 stars

Computer And Technology Sector

645th out of 1,586 stocks

Prepackaged Software Industry

166th out of 311 stocks

Analyst Opinion: 1.0Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Benefitfocus (NASDAQ:BNFT) Frequently Asked Questions

Is Benefitfocus a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Benefitfocus in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Benefitfocus stock. 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.
View analyst ratings for Benefitfocus
or view top-rated stocks.

What stocks does MarketBeat like better than Benefitfocus?

Wall Street analysts have given Benefitfocus a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Benefitfocus wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Benefitfocus?

Benefitfocus saw a increase in short interest in May. As of May 28th, there was short interest totaling 2,730,000 shares, an increase of 33.2% from the May 13th total of 2,050,000 shares. Based on an average daily volume of 325,400 shares, the days-to-cover ratio is presently 8.4 days. Currently, 9.3% of the company's shares are sold short.
View Benefitfocus' Short Interest
.

When is Benefitfocus' next earnings date?

Benefitfocus is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Benefitfocus
.

How were Benefitfocus' earnings last quarter?

Benefitfocus, Inc. (NASDAQ:BNFT) released its quarterly earnings data on Monday, May, 3rd. The software maker reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.12. The software maker earned $65.06 million during the quarter, compared to the consensus estimate of $60.10 million. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.21) earnings per share.
View Benefitfocus' earnings history
.

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

Benefitfocus' stock was trading at $10.21 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, BNFT stock has increased by 38.1% and is now trading at $14.10.
View which stocks have been most impacted by COVID-19
.

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

Benefitfocus updated its FY 2021 earnings guidance on Tuesday, May, 25th. The company provided EPS guidance of - for the period. The company issued revenue guidance of $254 million-$260 million, compared to the consensus revenue estimate of $257.28 million.

What price target have analysts set for BNFT?

4 brokerages have issued 1 year price targets for Benefitfocus' stock. Their forecasts range from $12.00 to $17.00. On average, they expect Benefitfocus' stock price to reach $14.00 in the next year. This suggests that the stock has a possible downside of 0.7%.
View analysts' price targets for Benefitfocus
or view top-rated stocks among Wall Street analysts.

Who are Benefitfocus' key executives?

Benefitfocus' management team includes the following people:
  • Mr. Mason R. Holland Jr., Co-Founder & Exec. Chairman (Age 56, Pay $381.62k)
  • Ms. Lou Anne Gilmore, VP of Corp. Devel. (Age 64, Pay $257.75k)
  • Mr. Matthew C. Levin, Pres, Director & CEO (Age 48)
  • Ms. Alpana Wegner, CFO & Treasurer (Age 48)
  • Mr. Michael Bauer, Investor Relations
  • Mr. Peter Anthony Allen, Sr. VP of Sales & Marketing (Age 60)
  • Ms. Robin Kirby, Chief HR Officer
  • Ms. Annmarie Fini, Exec. VP of Customer Success (Age 50)
  • Mr. Steve Malme, Sr. VP of Platform Strategy & Experience
  • Mr. Scott Gibson, Sr. VP of HR

What is Steve Swad's approval rating as Benefitfocus' CEO?

9 employees have rated Benefitfocus CEO Steve Swad on Glassdoor.com. Steve Swad has an approval rating of 60% among Benefitfocus' employees. This puts Steve Swad in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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), Designer Brands (DBI), STMicroelectronics (STM), Athabasca Oil (ATH) and Honeywell International (HON).

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.44%), Baillie Gifford & Co. (2.91%), Toronado Partners LLC (2.49%), Geode Capital Management LLC (1.42%), Fred Alger Management LLC (1.38%) and Mirae Asset Global Investments Co. Ltd. (1.10%). Company insiders that own Benefitfocus stock include Annmarie Fini, James P Restivo and Lou Anne Gilmore.
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 Fred Alger Management LLC, Toronado Partners LLC, Nuveen Asset Management LLC, Cubist Systematic Strategies LLC, Russell Investments Group Ltd., Healthcare of Ontario Pension Plan Trust Fund, Northern Trust Corp, and Mirae Asset Global Investments Co. Ltd..
View insider buying and selling activity for Benefitfocus
or view top insider-selling stocks.

Which institutional investors are buying Benefitfocus stock?

BNFT stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Geode Capital Management LLC, Acadian Asset Management LLC, AQR Capital Management LLC, Algert Global LLC, Monticello Wealth Management LLC, Arrowstreet Capital Limited Partnership, and Barclays PLC.
View insider buying and selling activity for Benefitfocus
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Benefitfocus' stock price today?

One share of BNFT stock can currently be purchased for approximately $14.10.

How much money does Benefitfocus make?

Benefitfocus has a market capitalization of $467.85 million and generates $268.14 million in revenue each year. The software maker earns $-24,300,000.00 in net income (profit) each year or ($0.77) on an earnings per share basis.

How many employees does Benefitfocus have?

Benefitfocus employs 1,200 workers across the globe.

What is Benefitfocus' official website?

The official website for Benefitfocus is www.benefitfocus.com.

Where are Benefitfocus' headquarters?

Benefitfocus is headquartered at 100 BENEFITFOCUS WAY, CHARLESTON SC, 29492.

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]


This page was last updated on 6/18/2021 by MarketBeat.com Staff
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