News headlines about Benefitfocus (NASDAQ:BNFT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Benefitfocus earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 46.7066575926916 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of NASDAQ:BNFT traded down $0.15 during trading on Tuesday, reaching $35.40. 512 shares of the company’s stock traded hands, compared to its average volume of 215,532. Benefitfocus has a fifty-two week low of $21.75 and a fifty-two week high of $36.95. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of -5.28. The stock has a market capitalization of $1.14 billion, a PE ratio of -44.81 and a beta of 0.93.
Get Benefitfocus alerts:Benefitfocus (NASDAQ:BNFT) last posted its earnings results on Thursday, May 3rd. The software maker reported ($0.26) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.13. The business had revenue of $62.40 million for the quarter, compared to analyst estimates of $58.53 million. During the same quarter last year, the business earned ($0.36) earnings per share. Benefitfocus’s revenue was up 8.3% on a year-over-year basis. sell-side analysts expect that Benefitfocus will post -1.2 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on the company. Piper Jaffray Companies lifted their price objective on Benefitfocus to $40.00 and gave the company an “overweight” rating in a research note on Friday, June 29th. Wells Fargo & Co set a $38.00 price objective on Benefitfocus and gave the company a “buy” rating in a research note on Wednesday, May 16th. Jefferies Financial Group lifted their price objective on Benefitfocus to $35.00 and gave the company a “buy” rating in a research note on Friday, May 4th. Chardan Capital lifted their price objective on Benefitfocus from $27.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, May 4th. Finally, BidaskClub upgraded Benefitfocus from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 20th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $35.22.
In related news, major shareholder Goldman Sachs Group Inc sold 2,500,000 shares of Benefitfocus stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $33.03, for a total value of $82,575,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 29.00% of the company’s stock.
About Benefitfocus
Benefitfocus, Inc provides cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers in the United States. It operates through Employer and Carrier segments. The company's products for insurance carriers include Marketplaces, which are online shopping environments; eEnrollment that provides online enrollment for benefits; eBilling, an electronic invoice presentment and payment solution; eExchange, a solution for communication; eSales for carriers and brokers to organize and manage accounts, track leads, generate quotes, and create proposals for products; and Core & Advanced Analytics, a data analytics solution.
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