News stories about Benefitfocus (NASDAQ:BNFT) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Benefitfocus earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 45.9536516854623 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Shares of Benefitfocus (NASDAQ BNFT) opened at $26.70 on Thursday. The company has a debt-to-equity ratio of -2.39, a quick ratio of 1.08 and a current ratio of 1.08. Benefitfocus has a 52 week low of $22.30 and a 52 week high of $37.10.

Benefitfocus (NASDAQ:BNFT) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.08. The company had revenue of $62.45 million during the quarter, compared to analyst estimates of $62.19 million. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.14) EPS. sell-side analysts expect that Benefitfocus will post -0.81 EPS for the current year.

Several brokerages have commented on BNFT. Raymond James Financial, Inc. increased their price target on Benefitfocus from $38.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded Benefitfocus from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Tuesday, October 3rd. Chardan Capital downgraded Benefitfocus from a “buy” rating to a “neutral” rating and lowered their price target for the company from $36.00 to $30.00 in a report on Friday, August 4th. Piper Jaffray Companies reiterated a “buy” rating and set a $43.00 price target on shares of Benefitfocus in a report on Friday, August 4th. Finally, Berenberg Bank reiterated a “buy” rating and set a $36.00 price target on shares of Benefitfocus in a report on Thursday, August 10th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Benefitfocus has an average rating of “Buy” and a consensus target price of $35.38.

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In related news, CEO Shawn A. Jenkins acquired 37,000 shares of the stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $25.27 per share, for a total transaction of $934,990.00. Following the completion of the purchase, the chief executive officer now owns 2,782,683 shares in the company, valued at approximately $70,318,399.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 40.10% of the company’s stock.

About Benefitfocus

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.

Insider Buying and Selling by Quarter for Benefitfocus (NASDAQ:BNFT)

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