Benefitfocusinc (NASDAQ:BNFT) Institutional Investor Sentiment Trend

Benefitfocus, Inc. (NASDAQ:BNFT) Logo

Sentiment for Benefitfocusinc (NASDAQ:BNFT)

Benefitfocusinc (NASDAQ:BNFT) institutional sentiment increased to 2.91 in Q1 2019. Its up 1.04, from 1.87 in 2018Q4. The ratio has improved, as 93 investment professionals increased or opened new positions, while 32 reduced and sold their holdings in Benefitfocusinc. The investment professionals in our partner’s database now possess: 31.26 million shares, up from 27.06 million shares in 2018Q4. Also, the number of investment professionals holding Benefitfocusinc in their top 10 positions increased from 0 to 1 for an increase of 1. Sold All: 15 Reduced: 17 Increased: 56 New Position: 37.

Benefitfocus, Inc. provides cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers in the United States. The company has market cap of $828.55 million. It operates through Employer and Carrier divisions. It currently has negative earnings. The companyÂ’s products for insurance carriers include Marketplaces, which are online shopping environments; eEnrollment that provides online enrollment for benefits; eBilling, an electronic invoice presentment and payment solution; eExchange, a solution for communication; eSales for carriers and brokers to organize and manage accounts, track leads, generate quotes, and create proposals for products; and Core & Advanced Analytics, a data analytics solution.

The stock decreased 2.67% or $0.7 during the last trading session, reaching $25.47. About 391,194 shares traded. Benefitfocus, Inc. (NASDAQ:BNFT) has declined 5.76% since July 14, 2018 and is downtrending. It has underperformed by 10.19% the S&P500.

Analysts await Benefitfocus, Inc. (NASDAQ:BNFT) to report earnings on August, 1. They expect $-0.64 earnings per share, down 64.10 % or $0.25 from last year’s $-0.39 per share. After $-0.40 actual earnings per share reported by Benefitfocus, Inc. for the previous quarter, Wall Street now forecasts 60.00 % negative EPS growth.

G2 Investment Partners Management Llc holds 2.05% of its portfolio in Benefitfocus, Inc. for 134,583 shares. Pier Capital Llc owns 192,684 shares or 1.48% of their US portfolio. Moreover, Telemark Asset Management Llc has 1.25% invested in the company for 200,000 shares. The New York-based Bamco Inc Ny has invested 0.86% in the stock. Prescott Group Capital Management L.L.C., a Oklahoma-based fund reported 65,195 shares.

Since January 1, 0001, it had 0 insider purchases, and 2 insider sales for $152.34 million activity.

Benefitfocus, Inc. (NASDAQ:BNFT) Ratings Coverage

Ratings analysis reveals 67% of Benefitfocus’s analysts are positive. Out of 6 Wall Street analysts rating Benefitfocus, 4 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $55 while the high is $60. The stock’s average target of $57.83 is 127.05% above today’s ($25.47) share price. BNFT was included in 12 notes of analysts from February 1, 2019. Goldman Sachs maintained Benefitfocus, Inc. (NASDAQ:BNFT) rating on Friday, February 1. Goldman Sachs has “Neutral” rating and $55 target. As per Friday, March 15, the company rating was maintained by Wells Fargo. On Wednesday, February 27 the stock rating was downgraded by Jefferies to “Hold”. The company was maintained on Wednesday, March 13 by Wedbush. As per Tuesday, March 5, the company rating was maintained by Guggenheim.

More notable recent Benefitfocus, Inc. (NASDAQ:BNFT) news were published by: Postandcourier.com which released: “Greenville consumer loan business led SC stocks in 1st half of 2019 – Charleston Post Courier” on July 07, 2019, also Nasdaq.com with their article: “Ultimate Software (ULTI) Q4 Earnings & Revenues Top Estimates – Nasdaq” published on February 05, 2019, Seekingalpha.com published: “Benefitfocus -16% on PT cuts, CFO exit – Seeking Alpha” on May 02, 2019. More interesting news about Benefitfocus, Inc. (NASDAQ:BNFT) were released by: Finance.Yahoo.com and their article: “What Kind Of Share Price Volatility Should You Expect For Benefitfocus, Inc. (NASDAQ:BNFT)? – Yahoo Finance” published on July 11, 2019 as well as Globenewswire.com‘s news article titled: “Benefitfocus to Host Investor Day Nasdaq:BNFT – GlobeNewswire” with publication date: November 07, 2018.

Benefitfocus, Inc. (NASDAQ:BNFT) Ratings Chart

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