News coverage about Benefitfocus (NASDAQ:BNFT) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Benefitfocus earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 45.1417509411087 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Benefitfocus opened at $35.15 on Friday, according to Marketbeat. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of -5.28. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -44.49 and a beta of 0.93. Benefitfocus has a 52-week low of $21.75 and a 52-week high of $36.95.
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Benefitfocus (NASDAQ:BNFT) last posted its quarterly earnings data on Thursday, May 3rd. The software maker reported ($0.26) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.13. The company had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $58.53 million. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.36) earnings per share. research analysts anticipate that Benefitfocus will post -1.2 earnings per share for the current fiscal year.
BNFT has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Benefitfocus from a “hold” rating to a “sell” rating in a report on Wednesday, April 4th. Zacks Investment Research downgraded shares of Benefitfocus from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. Royal Bank of Canada raised shares of Benefitfocus from a “sector perform” rating to an “outperform” rating in a report on Friday, May 4th. Jefferies Financial Group lowered their price target on shares of Benefitfocus to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 15th. Finally, ValuEngine raised shares of Benefitfocus from a “sell” rating to a “hold” rating in a report on Friday, May 4th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Benefitfocus currently has a consensus rating of “Buy” and a consensus target price of $34.56.
In other Benefitfocus news, major shareholder Goldman Sachs Group Inc sold 2,500,000 shares of the stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $33.03, for a total transaction of $82,575,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 29.00% of the company’s stock.
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.