Somewhat Positive Press Coverage Somewhat Unlikely to Affect Benefitfocus (BNFT) Stock Price
Media headlines about Benefitfocus (NASDAQ:BNFT) have trended somewhat positive on Thursday, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Benefitfocus earned a news impact score of 0.08 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 45.7349054267391 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Comparing Bazaarvoice (BV) and Benefitfocus (BNFT) (americanbankingnews.com)
- Pilgrims From Kaduna In Saudi Arabia-Board (techkenyot.com)
- Benefitfocus : Supports Growth in Consumer Directed Health Plans for Retail and Hospitality Industries (4-traders.com)
- Benefitfocus, Inc. :BNFT-US: Earnings Analysis: Q2, 2017 By the Numbers : August 25, 2017 (finance.yahoo.com)
BNFT has been the topic of several analyst reports. Zacks Investment Research lowered Benefitfocus from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Raymond James Financial, Inc. upped their price objective on Benefitfocus from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. BidaskClub lowered Benefitfocus from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Canaccord Genuity reiterated a “buy” rating and issued a $35.00 price objective on shares of Benefitfocus in a research note on Tuesday, August 1st. Finally, William Blair upgraded Benefitfocus from a “market perform” rating to an “outperform” rating in a research note on Thursday, June 1st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Benefitfocus has an average rating of “Buy” and an average price target of $39.00.
Benefitfocus (BNFT) opened at 30.15 on Thursday. Benefitfocus has a 12 month low of $24.55 and a 12 month high of $42.49. The company’s market capitalization is $940.05 million. The firm has a 50-day moving average price of $32.29 and a 200-day moving average price of $30.90.
Benefitfocus (NASDAQ:BNFT) last released its earnings results on Thursday, August 3rd. The software maker reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.09. The business had revenue of $63.30 million for the quarter, compared to the consensus estimate of $62.07 million. During the same period in the prior year, the business posted ($0.22) EPS. Benefitfocus’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Benefitfocus will post ($0.30) earnings per share 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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