Somewhat Positive Press Coverage Somewhat Unlikely to Affect Benefitfocus (BNFT) Share Price
Media stories about Benefitfocus (NASDAQ:BNFT) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Benefitfocus earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 46.4002919580191 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Benefitfocus Announces Date of Third Quarter 2017 Financial Results (finance.yahoo.com)
- Benefitfocus, Inc. (BNFT) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Zacks: Analysts Anticipate Benefitfocus, Inc. (BNFT) Will Post Quarterly Sales of $62.26 Million (americanbankingnews.com)
- Analyzing Benefitfocus (BNFT) & Its Competitors (americanbankingnews.com)
- Benefitfocus, Inc. (BNFT) Expected to Post Earnings of -$0.13 Per Share (americanbankingnews.com)
Several equities analysts recently issued reports on BNFT shares. Zacks Investment Research downgraded Benefitfocus from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Berenberg Bank reissued a “buy” rating and issued a $36.00 target price on shares of Benefitfocus in a research report on Thursday, August 10th. Piper Jaffray Companies reissued a “buy” rating and issued a $43.00 target price on shares of Benefitfocus in a research report on Friday, August 4th. Chardan Capital downgraded Benefitfocus from a “buy” rating to a “neutral” rating and cut their target price for the company from $36.00 to $30.00 in a research report on Friday, August 4th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $35.00 target price on shares of Benefitfocus in a research report on Tuesday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $39.78.
Shares of Benefitfocus (BNFT) opened at 30.45 on Thursday. The firm has a 50-day moving average of $31.16 and a 200 day moving average of $31.87. Benefitfocus has a 12-month low of $24.55 and a 12-month high of $40.73. The stock’s market capitalization is $949.40 million.
Benefitfocus (NASDAQ:BNFT) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $63.30 million for the quarter, compared to analyst estimates of $62.07 million. During the same quarter last year, the firm earned ($0.22) earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. Equities analysts forecast that Benefitfocus will post ($0.30) earnings per share for the current fiscal year.
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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.
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