News stories about Benefitfocus (NASDAQ:BNFT) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Benefitfocus earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 45.1658634644348 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
Shares of Benefitfocus (NASDAQ:BNFT) traded up $0.80 during trading on Friday, hitting $26.55. 106,156 shares of the stock traded hands, compared to its average volume of 206,753. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of -2.39. Benefitfocus has a 1-year low of $22.30 and a 1-year high of $37.10.
Benefitfocus (NASDAQ:BNFT) last issued its earnings results on Thursday, November 2nd. The software maker reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.08. The business had revenue of $62.45 million for the quarter, compared to analyst estimates of $62.19 million. During the same quarter last year, the firm posted ($0.14) earnings per share. Benefitfocus’s revenue was up 7.6% on a year-over-year basis. research analysts forecast that Benefitfocus will post -0.81 earnings per share for the current year.
BNFT has been the topic of several research reports. Zacks Investment Research downgraded shares of Benefitfocus from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Raymond James Financial, Inc. boosted their price objective on shares of Benefitfocus from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Piper Jaffray Companies restated a “buy” rating and set a $34.00 price objective on shares of Benefitfocus in a report on Friday, November 3rd. BidaskClub downgraded shares of Benefitfocus from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Canaccord Genuity restated a “buy” rating and set a $34.00 price objective on shares of Benefitfocus in a report on Monday, October 30th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $35.38.
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In other Benefitfocus news, CEO Shawn A. Jenkins bought 37,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost of $25.27 per share, for a total transaction of $934,990.00. Following the transaction, the chief executive officer now owns 2,782,683 shares in the company, valued at $70,318,399.41. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 40.10% of the stock is currently owned by insiders.
Benefitfocus Company Profile
Benefitfocus, Inc (Benefitfocus) is a provider of cloud-based benefits management platform for consumers, employers, insurance carriers and brokers. The Benefitfocus Platform allows how organizations and individuals shop for, enroll in, manage and exchange benefits. The Company operates through two business segments: Employer, which derives its revenue from customers that use the Company’s services for the provision of benefits to their employees, and administrators acting on behalf of employers, Carrier, which derives its revenue from insurance companies that provide coverage at their own risk.
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