Benefitfocus (NASDAQ:BNFT) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, January 18th.
Several other brokerages have also recently commented on BNFT. 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 restated a “buy” rating and set a $34.00 target price on shares of Benefitfocus in a research report on Monday, October 30th. William Blair downgraded shares of Benefitfocus from an “outperform” rating to a “market perform” rating in a report on Friday, November 3rd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $34.00 price target on shares of Benefitfocus in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Benefitfocus has a consensus rating of “Hold” and a consensus target price of $34.38.
Shares of Benefitfocus (NASDAQ BNFT) traded up $0.10 during midday trading on Thursday, hitting $23.90. 216,125 shares of the company traded hands, compared to its average volume of 138,967. The company has a debt-to-equity ratio of -2.39, a current ratio of 1.08 and a quick ratio of 1.08. Benefitfocus has a 12-month low of $22.30 and a 12-month high of $37.10. The firm has a market capitalization of $747.42, a PE ratio of -28.45 and a beta of 0.99.
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.
Receive News & Ratings for Benefitfocus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Benefitfocus and related companies with MarketBeat.com's FREE daily email newsletter.