Benefitfocus Inc. [BNFT] Revenue clocked in at $254.90 million, down -2.81% YTD: What’s Next?

Benefitfocus Inc. [NASDAQ: BNFT] price surged by 48.21 percent to reach at $3.37. The company report on November 1, 2022 that Benefitfocus Cancels Third Quarter 2022 Earnings Conference Call.


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About BenefitfocusBenefitfocus (NASDAQ: BNFT) is a cloud-based benefits administration technology company committed to helping our customers, and the people they serve, get the most out of their health care and benefit programs. Through exceptional service and innovative SaaS solutions, we aim to be the safest set of hands for our customers helping to simplify the complexity of benefits administration while delivering an experience that engages people and unlocks the potential for better health and improved outcomes.  Our mission is simple: to improve lives with benefits. Learn more at www.benefitfocus.com, LinkedIn, Facebook, Instagram and Twitter.

A sum of 21559859 shares traded at recent session while its average daily volume was at 92.94K shares. Benefitfocus Inc. shares reached a high of $10.40 and dropped to a low of $10.31 until finishing in the latest session at $10.36.

The one-year BNFT stock forecast points to a potential downside of -29.5. The average equity rating for BNFT stock is currently 3.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Benefitfocus Inc. [BNFT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BNFT shares is $8.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BNFT stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

KeyBanc Capital Markets have made an estimate for Benefitfocus Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 16, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $16 to $9. The new note on the price target was released on June 23, 2022, representing the official price target for Benefitfocus Inc. stock. Previously, the target price had yet another raise to $13, while Goldman analysts kept a Sell rating on BNFT stock.

The Average True Range (ATR) for Benefitfocus Inc. is set at 0.57, with the Price to Sales ratio for BNFT stock in the period of the last 12 months amounting to 1.34. Price to Free Cash Flow for BNFT in the course of the last twelve months was 488.25 with Quick ratio for the last quarter at 1.60.

BNFT Stock Performance Analysis:

Benefitfocus Inc. [BNFT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 64.97. With this latest performance, BNFT shares gained by 53.25% in over the last four-week period, additionally sinking by -0.48% over the last 6 months – not to mention a drop of -6.58% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BNFT stock in for the last two-week period is set at 88.05, with the RSI for the last a single of trading hit 94.07, and the three-weeks RSI is set at 81.38 for Benefitfocus Inc. [BNFT]. The present Moving Average for the last 50 days of trading for this stock 6.66, while it was recorded at 7.56 for the last single week of trading, and 8.90 for the last 200 days.

Insight into Benefitfocus Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Benefitfocus Inc. [BNFT] shares currently have an operating margin of +1.88 and a Gross Margin at +51.18. Benefitfocus Inc.’s Net Margin is presently recorded at -12.23.

Return on Equity for this stock declined to -192.18, with Return on Assets sitting at -10.32.

Benefitfocus Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

BNFT Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BNFT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Benefitfocus Inc. go to 20.00%.

Benefitfocus Inc. [BNFT] Insider Position Details

There are presently around $295 million, or 84.00% of BNFT stock, in the hands of institutional investors. The top three institutional holders of BNFT stocks are: INDABA CAPITAL MANAGEMENT, L.P. with ownership of 3,963,694, which is approximately 0% of the company’s market cap and around 2.60% of the total institutional ownership; ARCHON CAPITAL MANAGEMENT LLC, holding 3,323,141 shares of the stock with an approximate value of $34.43 million in BNFT stocks shares; and BROWN BROTHERS HARRIMAN & CO, currently with $32.08 million in BNFT stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Benefitfocus Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 48 institutional holders increased their position in Benefitfocus Inc. [NASDAQ:BNFT] by around 1,318,856 shares. Additionally, 46 investors decreased positions by around 1,448,429 shares, while 22 investors held positions by with 25,667,004 shares. The mentioned changes placed institutional holdings at 28,434,289 shares, according to the latest SEC report filing. BNFT stock had 10 new institutional investments in for a total of 340,563 shares, while 13 institutional investors sold positions of 298,231 shares during the same period.

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