Benefitfocus (NASDAQ:BNFT) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Thursday.
Several other research firms have also issued reports on BNFT. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $34.00 price target on shares of Benefitfocus in a report on Friday, November 3rd. BidaskClub raised shares of Benefitfocus from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. Zacks Investment Research raised shares of Benefitfocus from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, January 2nd. Finally, William Blair lowered shares of Benefitfocus from an “outperform” rating to a “market perform” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $34.57.
Benefitfocus (NASDAQ:BNFT) traded down $0.25 during midday trading on Thursday, reaching $23.95. 127,237 shares of the company’s stock traded hands, compared to its average volume of 148,520. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of -2.39. Benefitfocus has a fifty-two week low of $22.30 and a fifty-two week high of $37.10. The stock has a market capitalization of $791.21, a price-to-earnings ratio of -28.51 and a beta of 0.99.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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