Benefitfocus (BNFT) Given News Sentiment Rating of 0.20

News stories about Benefitfocus (NASDAQ:BNFT) have been trending somewhat positive on Tuesday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Benefitfocus earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 45.5091146243632 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Benefitfocus opened at $35.25 on Tuesday, MarketBeat Ratings reports. The company has a market cap of $1.15 billion, a PE ratio of -44.62 and a beta of 0.90. Benefitfocus has a 52 week low of $21.75 and a 52 week high of $37.10. The company has a debt-to-equity ratio of -5.28, a current ratio of 1.09 and a quick ratio of 1.09.

Benefitfocus (NASDAQ:BNFT) last posted its earnings results on Thursday, May 3rd. The software maker reported ($0.26) 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 the consensus estimate of $58.53 million. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the company posted ($0.36) earnings per share. equities research analysts anticipate that Benefitfocus will post -1.21 EPS for the current year.

Several brokerages have issued reports on BNFT. Wells Fargo restated a “buy” rating and set a $30.00 price objective (down previously from $35.00) on shares of Benefitfocus in a research note on Thursday, March 15th. They noted that the move was a valuation call. ValuEngine upgraded Benefitfocus from a “sell” rating to a “hold” rating in a research note on Friday, May 4th. BidaskClub upgraded Benefitfocus from a “sell” rating to a “hold” rating in a research note on Saturday, April 14th. Royal Bank of Canada upgraded Benefitfocus from a “sector perform” rating to an “outperform” rating in a research note on Friday, May 4th. Finally, Berenberg Bank set a $29.00 price objective on Benefitfocus and gave the company a “buy” rating in a research note on Thursday, March 15th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $34.56.

In related news, Director A Lanham Napier bought 3,985 shares of the stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of $25.16 per share, with a total value of $100,262.60. Following the completion of the acquisition, the director now owns 25,497 shares of the company’s stock, valued at $641,504.52. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 29.00% of the stock is currently owned by corporate insiders.

About Benefitfocus

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.

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

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