Analysts forecast that Benefitfocus Inc (NASDAQ:BNFT) will announce ($0.06) earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Benefitfocus’ earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.07). Benefitfocus posted earnings of ($0.09) per share in the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, March 14th.

On average, analysts expect that Benefitfocus will report full year earnings of ($0.27) per share for the current year, with EPS estimates ranging from ($0.28) to ($0.25). For the next year, analysts forecast that the business will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.28) to $0.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Benefitfocus.

A number of research firms have weighed in on BNFT. BidaskClub downgraded Benefitfocus from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 18th. Zacks Investment Research downgraded Benefitfocus from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Piper Jaffray Companies restated a “buy” rating and issued a $34.00 target price on shares of Benefitfocus in a research report on Friday, November 3rd. William Blair downgraded Benefitfocus from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Finally, Canaccord Genuity restated a “buy” rating and issued a $34.00 target price on shares of Benefitfocus in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $34.38.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BNFT. Schwab Charles Investment Management Inc. lifted its position in shares of Benefitfocus by 12.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 68,598 shares of the software maker’s stock valued at $2,494,000 after acquiring an additional 7,402 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Benefitfocus by 33.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 70,045 shares of the software maker’s stock valued at $2,546,000 after acquiring an additional 17,744 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Benefitfocus by 13.2% during the 2nd quarter. Legal & General Group Plc now owns 3,593 shares of the software maker’s stock valued at $130,000 after acquiring an additional 420 shares during the last quarter. Swiss National Bank lifted its position in shares of Benefitfocus by 16.4% during the 2nd quarter. Swiss National Bank now owns 25,600 shares of the software maker’s stock valued at $931,000 after acquiring an additional 3,600 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of Benefitfocus by 33.1% during the 2nd quarter. Teachers Advisors LLC now owns 28,676 shares of the software maker’s stock valued at $1,042,000 after acquiring an additional 7,139 shares during the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

Benefitfocus (NASDAQ:BNFT) traded up $0.80 on Thursday, reaching $23.45. The company’s stock had a trading volume of 150,669 shares, compared to its average volume of 160,532. The firm has a market capitalization of $747.43, a P/E ratio of -27.68 and a beta of 0.99. The company has a debt-to-equity ratio of -2.39, a current ratio of 1.08 and a quick ratio of 1.08. Benefitfocus has a 12-month low of $22.30 and a 12-month high of $37.10.

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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.

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