Somewhat Favorable News Coverage Somewhat Unlikely to Affect Benefitfocus (BNFT) Stock Price
Media stories about Benefitfocus (NASDAQ:BNFT) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Benefitfocus earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 45.5659274114594 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several research firms have recently commented on BNFT. BidaskClub lowered shares of Benefitfocus from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 18th. Zacks Investment Research lowered shares of Benefitfocus from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Piper Jaffray Companies reiterated a “buy” rating and issued a $34.00 price target on shares of Benefitfocus in a research report on Friday, November 3rd. William Blair lowered shares of Benefitfocus from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $34.00 price target on shares of Benefitfocus in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $34.38.
Shares of Benefitfocus (BNFT) opened at $25.40 on Friday. Benefitfocus has a 1 year low of $22.30 and a 1 year high of $37.10. The stock has a market cap of $788.08, a P/E ratio of -30.24 and a beta of 1.12. The company has a debt-to-equity ratio of -2.39, a quick ratio of 1.08 and a current ratio of 1.08.
In other news, CEO Shawn A. Jenkins bought 37,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average price of $25.27 per share, for a total transaction of $934,990.00. Following the completion of the transaction, the chief executive officer now owns 2,782,683 shares in the company, valued at $70,318,399.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 40.10% of the stock is currently owned by company insiders.
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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