Benefitfocus Inc (NASDAQ:BNFT) has been given a consensus rating of “Hold” by the ten analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $35.00.
Several research firms recently issued reports on BNFT. Zacks Investment Research upgraded Benefitfocus from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. BidaskClub cut Benefitfocus from a “sell” rating to a “strong sell” rating in a report on Thursday, January 18th. William Blair cut Benefitfocus from an “outperform” rating to a “market perform” rating in a report on Friday, November 3rd. Canaccord Genuity restated a “buy” rating and set a $34.00 target price on shares of Benefitfocus in a report on Monday, October 30th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $34.00 target price on shares of Benefitfocus in a report on Friday, November 3rd.
Benefitfocus (NASDAQ BNFT) traded up $0.80 during trading on Tuesday, reaching $25.10. The company had a trading volume of 147,879 shares, compared to its average volume of 152,201. The company has a market capitalization of $782.61, a PE ratio of -29.53 and a beta of 0.99. Benefitfocus has a fifty-two week low of $22.30 and a fifty-two week high of $37.10. The company has a debt-to-equity ratio of -2.39, a quick ratio of 1.08 and a current ratio of 1.08.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in shares of Benefitfocus by 13.2% during the second quarter. Legal & General Group Plc now owns 3,593 shares of the software maker’s stock worth $130,000 after purchasing an additional 420 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of Benefitfocus during the fourth quarter worth about $173,000. Sei Investments Co. raised its position in shares of Benefitfocus by 65.1% during the third quarter. Sei Investments Co. now owns 6,025 shares of the software maker’s stock worth $203,000 after purchasing an additional 2,375 shares during the period. Aperio Group LLC acquired a new stake in shares of Benefitfocus during the fourth quarter worth about $239,000. Finally, Voya Investment Management LLC acquired a new stake in shares of Benefitfocus during the second quarter worth about $245,000. 87.50% of the stock is currently owned by institutional investors.
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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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