Shares of Benefytt Technologies Inc (NASDAQ:BFYT) have received a consensus broker rating score of 1.50 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and three have issued a strong buy rating on the company.

Brokerages have set a twelve-month consensus price target of $50.00 for the company and are predicting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also given Benefytt Technologies an industry rank of 42 out of 254 based on the ratings given to its competitors.

Several research firms recently issued reports on BFYT. ValuEngine cut shares of Benefytt Technologies from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 8th. B. Riley reissued a “buy” rating and issued a $45.00 price target on shares of Benefytt Technologies in a report on Friday, April 17th. Zacks Investment Research lowered shares of Benefytt Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Canaccord Genuity reissued a “buy” rating on shares of Benefytt Technologies in a report on Monday, May 11th. Finally, Northland Securities reissued a “buy” rating and issued a $40.00 price target on shares of Benefytt Technologies in a report on Thursday, May 7th.

NASDAQ BFYT traded up $0.48 on Wednesday, hitting $21.93. 6,519 shares of the company’s stock traded hands, compared to its average volume of 424,786. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.19. Benefytt Technologies has a 1-year low of $15.60 and a 1-year high of $35.00. The stock’s 50-day moving average price is $22.73. The firm has a market cap of $286.95 million, a price-to-earnings ratio of -16.37 and a beta of 1.19.

Benefytt Technologies (NASDAQ:BFYT) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $2.32 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.11). Benefytt Technologies had a negative net margin of 4.37% and a positive return on equity of 40.88%. The business had revenue of $160.85 million for the quarter, compared to analyst estimates of $160.77 million. As a group, equities research analysts forecast that Benefytt Technologies will post 2.85 EPS for the current year.

Several hedge funds have recently made changes to their positions in BFYT. PNC Financial Services Group Inc. purchased a new position in Benefytt Technologies in the first quarter valued at approximately $25,000. Legal & General Group Plc purchased a new position in Benefytt Technologies in the first quarter valued at approximately $37,000. Victory Capital Management Inc. purchased a new position in Benefytt Technologies in the first quarter valued at approximately $46,000. Strs Ohio purchased a new position in Benefytt Technologies in the first quarter valued at approximately $55,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in Benefytt Technologies in the first quarter valued at approximately $60,000. 99.55% of the stock is currently owned by hedge funds and other institutional investors.

Benefytt Technologies Company Profile

Benefytt Technologies, Inc engages in the distribution of individual and family health insurance plans. It operates through the following segments: Medicare Segment and IFP Segment. The Medicare Segment includes offering of Medicare-related health insurance plans. The IFP Segment includes individual and family health insurance plans (“”IFP””), short-term medical (“”STM””) insurance plans, health benefit insurance plans (“”HBIP””) and supplemental products which include a variety of additional insurance and non-insurance products.

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