Northland Securities restated their buy rating on shares of Benefytt Technologies (NASDAQ:BFYT) in a report published on Tuesday, AnalystRatings.com reports. The brokerage currently has a $40.00 price objective on the stock.

A number of other analysts have also commented on BFYT. Zacks Investment Research lowered Benefytt Technologies from a buy rating to a sell rating in a report on Wednesday, June 17th. Canaccord Genuity reaffirmed a buy rating on shares of Benefytt Technologies in a report on Monday, May 11th. ValuEngine lowered Benefytt Technologies from a sell rating to a strong sell rating in a report on Wednesday, April 8th. Cantor Fitzgerald reaffirmed a buy rating and issued a $75.00 target price on shares of Benefytt Technologies in a report on Wednesday, June 17th. Finally, B. Riley reaffirmed a buy rating and issued a $45.00 target price on shares of Benefytt Technologies in a report on Friday, April 17th. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company. Benefytt Technologies has a consensus rating of Hold and a consensus target price of $41.70.

BFYT stock opened at $20.67 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.19. The business’s 50 day moving average price is $19.99. The firm has a market cap of $273.96 million, a P/E ratio of -15.78 and a beta of 1.06. Benefytt Technologies has a fifty-two week low of $15.60 and a fifty-two week high of $31.49.

Benefytt Technologies (NASDAQ:BFYT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.30). The company had revenue of $71.56 million for the quarter, compared to the consensus estimate of $54.86 million. Benefytt Technologies had a positive return on equity of 40.88% and a negative net margin of 4.37%. Equities analysts predict that Benefytt Technologies will post 2.63 EPS for the current year.

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

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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Analyst Recommendations for Benefytt Technologies (NASDAQ:BFYT)

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