StockNews.com 开始报道 Benefitfocus（纳斯达克股票代码：BNFT）

StockNews.com began coverage on shares of Benefitfocus (NASDAQ:BNFT – Get Rating) in a research report issued on Thursday. The firm set a "hold" rating on the software maker's stock.

Several other analysts have also weighed in on BNFT. KeyCorp lowered Benefitfocus to a "sector weight" rating in a report on Tuesday, November 15th. Piper Sandler set a $10.50 target price on Benefitfocus in a report on Wednesday, November 2nd. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $10.50.

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Benefitfocus Price Performance

Shares of Benefitfocus stock opened at $10.50 on Thursday. The firm has a market cap of $362.04 million, a price-to-earnings ratio of -14.38, a price-to-earnings-growth ratio of 1.59 and a beta of 1.70. The business has a fifty day simple moving average of $10.45 and a 200-day simple moving average of $8.63. Benefitfocus has a fifty-two week low of $5.68 and a fifty-two week high of $13.06.

Benefitfocus (NASDAQ:BNFT – Get Rating) last announced its quarterly earnings data on Monday, November 7th. The software maker reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.02). The firm had revenue of $56.19 million during the quarter, compared to analyst estimates of $56.04 million.

Institutional Investors Weigh In On Benefitfocus

Several hedge funds have recently modified their holdings of BNFT. Needham Investment Management LLC raised its position in Benefitfocus by 0.5% during the second quarter. Needham Investment Management LLC now owns 1,190,000 shares of the software maker's stock valued at $9,258,000 after buying an additional 5,572 shares during the period. Amalgamated Bank acquired a new position in Benefitfocus during the first quarter valued at $48,000. Horrell Capital Management Inc. raised its position in Benefitfocus by 3.1% during the second quarter. Horrell Capital Management Inc. now owns 333,809 shares of the software maker's stock valued at $2,597,000 after buying an additional 10,000 shares during the period. Employees Retirement System of Texas raised its position in Benefitfocus by 41.4% during the second quarter. Employees Retirement System of Texas now owns 156,400 shares of the software maker's stock valued at $1,217,000 after buying an additional 45,758 shares during the period. Finally, Deutsche Bank AG raised its position in Benefitfocus by 25.1% during the second quarter. Deutsche Bank AG now owns 385,422 shares of the software maker's stock valued at $2,999,000 after buying an additional 77,278 shares during the period. 97.03% of the stock is owned by hedge funds and other institutional investors.

Benefitfocus Company Profile

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Benefitfocus, Inc provides cloud-based benefits management technology solutions for employers and health plans in the United States. Its products for employers comprise Benefitplace, a cloud-based benefits management portal that streamlines online enrollment, employee communication, and benefit administration; Health Insights, a data analytics solution; ACA Management and Reporting, a solution for employers to manage ACA compliance; Billing & Payments, an application that synchronizes enrollment and billing information to streamline the monthly billing process, automate adjustments, and enhance accuracy of payments; and COBRA Administration, a solution that simplifies management of Consolidated Omnibus Budget Reconciliation Act, benefits.

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