Media headlines about Benefitfocus (NASDAQ:BNFT) have been trending positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Benefitfocus earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 72 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Benefitfocus Announces Date of Second Quarter 2017 Financial Results (finance.yahoo.com)
- Nadal powers into Wimbledon last 16, Nishikori crashes out (hoyentv.com)
- Arcadia Investment Management Corp MI Holds Stake in Altria Group (MO) (nolopodrasdejardever.com)
- Amazon invests additional ₹1608 crore in Indian arm (footballhebdo.com)
Several research firms have commented on BNFT. Zacks Investment Research upgraded shares of Benefitfocus from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Wednesday, June 28th. William Blair upgraded shares of Benefitfocus from a “market perform” rating to an “outperform” rating in a research note on Thursday, June 1st. Chardan Capital increased their price objective on shares of Benefitfocus from $31.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $35.00 price objective on shares of Benefitfocus in a research note on Thursday, March 16th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $33.00 price objective on shares of Benefitfocus in a research note on Thursday, March 16th. One research analyst has 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 an average target price of $39.00.
Benefitfocus (NASDAQ BNFT) opened at 34.95 on Wednesday. The stock’s 50 day moving average is $34.31 and its 200-day moving average is $30.26. The company’s market capitalization is $1.08 billion. Benefitfocus has a 52-week low of $24.55 and a 52-week high of $44.98.
Benefitfocus (NASDAQ:BNFT) last released its quarterly earnings data on Thursday, April 27th. The software maker reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.02. The company had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $62.94 million. During the same period in the previous year, the firm earned ($0.29) earnings per share. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. Analysts predict that Benefitfocus will post ($0.32) EPS for the current fiscal year.
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Benefitfocus Company Profile
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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