Benefitfocus Inc. (NASDAQ:BNFT) Director Stephen M. Swad purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The shares were bought at an average price of $26.43 per share, for a total transaction of $79,290.00. Following the completion of the purchase, the director now directly owns 33,340 shares in the company, valued at $881,176.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Benefitfocus Inc. (NASDAQ:BNFT) opened at 24.80 on Friday. Benefitfocus Inc. has a 12-month low of $21.04 and a 12-month high of $44.98. The stock’s market cap is $735.37 million. The company’s 50-day moving average is $36.43 and its 200-day moving average is $38.49.

Benefitfocus (NASDAQ:BNFT) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.29) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.03. The company had revenue of $52 million for the quarter, compared to the consensus estimate of $57.68 million. During the same quarter last year, the company earned ($0.46) earnings per share. The company’s revenue was up 27.8% compared to the same quarter last year. On average, analysts expect that Benefitfocus Inc. will post ($0.79) earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Benefitfocus (NASDAQ:BNFT)

Hedge funds and other institutional investors have recently bought and sold shares of the company. GMT Capital Corp acquired a new position in Benefitfocus during the second quarter worth about $5,542,000. First Trust Advisors LP acquired a new position in Benefitfocus during the second quarter worth about $476,000. Fortaleza Asset Management Inc. acquired a new position in Benefitfocus during the second quarter worth about $122,000. State Board of Administration of Florida Retirement System acquired a new position in Benefitfocus during the second quarter worth about $297,000. Finally, SG Americas Securities LLC acquired a new position in Benefitfocus during the second quarter worth about $111,000. Institutional investors own 79.10% of the company’s stock.

BNFT has been the topic of a number of recent research reports. Jefferies Group lifted their price objective on shares of Benefitfocus from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Deutsche Bank AG restated a “buy” rating and issued a $65.00 price objective (up from $45.00) on shares of Benefitfocus in a research note on Friday, November 4th. Royal Bank Of Canada lifted their price objective on shares of Benefitfocus from $36.00 to $46.00 and gave the company a “sector perform” rating in a research note on Monday, August 1st. RBC Capital Markets restated a “sector perform” rating and issued a $46.00 price objective (up from $36.00) on shares of Benefitfocus in a research note on Monday, August 1st. Finally, Canaccord Genuity restated a “buy” rating and issued a $48.00 price objective on shares of Benefitfocus in a research note on Friday, August 5th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Benefitfocus has an average rating of “Buy” and a consensus target price of $47.00.

Benefitfocus Company Profile

Benefitfocus, Inc (Benefitfocus) provides cloud-based benefits software solutions for consumers, employers, insurance carriers and brokers. The Benefitfocus Platform allows how organizations and individuals shop for, enroll in, manage and exchange benefits. It 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.

5 Day Chart for NASDAQ:BNFT

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