Press coverage about Benefitfocus (NASDAQ:BNFT) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Benefitfocus earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 44.9825110380403 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of Benefitfocus (NASDAQ:BNFT) opened at $25.95 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of -2.39. Benefitfocus has a one year low of $22.30 and a one year high of $37.10. The firm has a market cap of $809.12, a price-to-earnings ratio of -30.53 and a beta of 1.12.

Benefitfocus (NASDAQ:BNFT) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.08. The firm had revenue of $62.45 million for the quarter, compared to the consensus estimate of $62.19 million. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted ($0.14) EPS. analysts forecast that Benefitfocus will post -0.81 EPS for the current year.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Benefitfocus from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Canaccord Genuity reissued a “buy” rating and issued a $34.00 price objective on shares of Benefitfocus in a research note on Monday, October 30th. BidaskClub raised shares of Benefitfocus from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. William Blair cut shares of Benefitfocus from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $34.00 price objective on shares of Benefitfocus in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $34.38.

In other news, CEO Shawn A. Jenkins purchased 37,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were acquired at an average price of $25.27 per share, with a total value of $934,990.00. Following the completion of the transaction, the chief executive officer now owns 2,782,683 shares of the company’s stock, valued at approximately $70,318,399.41. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 40.10% of the company’s stock.

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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.

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

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