News headlines about Benefitfocus (NASDAQ:BNFT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Benefitfocus earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 47.3352000716691 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
BNFT opened at $25.20 on Thursday. Benefitfocus has a 1-year low of $21.75 and a 1-year high of $37.10. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of -2.23. The firm has a market capitalization of $769.19, a price-to-earnings ratio of -31.90 and a beta of 0.94.
Benefitfocus (NASDAQ:BNFT) last posted its quarterly earnings results on Wednesday, March 14th. The software maker reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). The company had revenue of $66.80 million during the quarter, compared to the consensus estimate of $66.47 million. During the same period last year, the firm posted ($0.09) earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. equities analysts predict that Benefitfocus will post -1.27 earnings per share for the current year.
Several equities analysts recently issued reports on BNFT shares. BidaskClub lowered shares of Benefitfocus from a “hold” rating to a “sell” rating in a report on Wednesday, April 4th. Zacks Investment Research lowered shares of Benefitfocus from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. Royal Bank of Canada decreased their price target on shares of Benefitfocus to $24.00 and set a “sector perform” rating for the company in a research note on Thursday, March 15th. Jefferies Group decreased their price target on shares of Benefitfocus to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 15th. Finally, ValuEngine downgraded shares of Benefitfocus from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Benefitfocus currently has an average rating of “Hold” and an average target price of $30.78.
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Benefitfocus Company Profile
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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