Shares of Benefitfocus Inc (NASDAQ:BNFT) traded down 3.7% on Monday . The stock traded as low as $41.08 and last traded at $41.83, with a volume of 211,703 shares traded. The stock had previously closed at $43.44.

Several analysts have weighed in on the company. RBC Capital Markets reissued a “sector perform” rating and set a $46.00 price objective (up from $36.00) on shares of Benefitfocus in a report on Monday, August 1st. Canaccord Genuity restated a “buy” rating and set a $48.00 target price on shares of Benefitfocus in a research report on Friday. Royal Bank Of Canada boosted their target price on Benefitfocus from $36.00 to $46.00 and gave the stock a “sector perform” rating in a research report on Monday, August 1st. Jefferies Group boosted their target price on Benefitfocus from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Deutsche Bank AG boosted their target price on Benefitfocus from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $47.67.

The firm’s market capitalization is $1.25 billion. The stock’s 50-day moving average is $40.70 and its 200 day moving average is $34.80.

Benefitfocus (NASDAQ:BNFT) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.15. The business earned $57.90 million during the quarter, compared to analyst estimates of $56.42 million. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period last year, the business earned ($0.53) earnings per share. Equities research analysts anticipate that Benefitfocus Inc will post ($0.95) earnings per share for the current fiscal year.

In other Benefitfocus news, Director Francis J. Pelzer sold 1,530 shares of the stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $39.54, for a total value of $60,496.20. Following the completion of the transaction, the director now directly owns 15,636 shares in the company, valued at $618,247.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen M. Swad bought 2,000 shares of the company’s stock in a transaction on Tuesday, May 10th. The stock was purchased at an average price of $32.90 per share, with a total value of $65,800.00. Following the completion of the transaction, the director now directly owns 25,063 shares of the company’s stock, valued at approximately $824,572.70. The disclosure for this purchase can be found here.

A number of institutional investors have recently bought and sold shares of BNFT. Dimensional Fund Advisors LP purchased a new position in Benefitfocus during the fourth quarter valued at approximately $1,065,000. Wells Fargo & Company MN increased its position in Benefitfocus by 4.5% in the fourth quarter. Wells Fargo & Company MN now owns 460,617 shares of the company’s stock valued at $16,762,000 after buying an additional 19,627 shares in the last quarter. New York State Common Retirement Fund increased its position in Benefitfocus by 37.1% in the fourth quarter. New York State Common Retirement Fund now owns 153,178 shares of the company’s stock valued at $5,574,000 after buying an additional 41,452 shares in the last quarter. Nationwide Fund Advisors increased its position in Benefitfocus by 22.1% in the fourth quarter. Nationwide Fund Advisors now owns 41,748 shares of the company’s stock valued at $1,519,000 after buying an additional 7,546 shares in the last quarter. Finally, Russell Frank Co increased its position in Benefitfocus by 207.8% in the fourth quarter. Russell Frank Co now owns 46,694 shares of the company’s stock valued at $1,751,000 after buying an additional 31,524 shares in the last quarter.

Benefitfocus, Inc (Benefitfocus) provides cloud-based benefits software solutions for consumers, employers, insurance carriers and brokers. The Benefitfocus Platform allows how organizations and individuals shop for, enroll in, manage and exchange benefits. It 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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