Reaffirmed: Benefitfocus (NASDAQ:BNFT) “Buy” Rating Maintained by Wells Fargo; $38.0000 Target in Place

May 17, 2018 - By Rusty Cady

Benefitfocus, Inc. (NASDAQ:BNFT) Logo

Investors sentiment decreased to 1 in Q4 2017. Its down 0.25, from 1.25 in 2017Q3. It dived, as 14 investors sold Benefitfocus, Inc. shares while 21 reduced holdings. 9 funds opened positions while 26 raised stakes. 25.58 million shares or 3.69% more from 24.67 million shares in 2017Q3 were reported.

Jpmorgan Chase And reported 0% of its portfolio in Benefitfocus, Inc. (NASDAQ:BNFT). Spark Inv Lc has 0.06% invested in Benefitfocus, Inc. (NASDAQ:BNFT). Bnp Paribas Arbitrage accumulated 3,232 shares. Goldman Sachs Grp, New York-based fund reported 6.27 million shares. California Pub Employees Retirement Sys holds 0% or 29,200 shares in its portfolio. State Common Retirement Fund invested in 0.01% or 227,298 shares. Morgan Stanley reported 330,838 shares. Blackrock reported 1.11 million shares. Raymond James Tru Na reported 9,479 shares. Oak Ridge Invests Ltd Limited Liability Company holds 0.2% of its portfolio in Benefitfocus, Inc. (NASDAQ:BNFT) for 156,176 shares. National Bank & Trust Of New York Mellon Corp invested 0% of its portfolio in Benefitfocus, Inc. (NASDAQ:BNFT). Baillie Gifford & Company accumulated 265,930 shares. Wellington Management Llp holds 0% or 480,024 shares. Royal State Bank Of Canada reported 32,312 shares stake. Fmr Ltd Liability invested in 4.69 million shares or 0.01% of the stock.

Benefitfocus (NASDAQ:BNFT) Rating Reaffirmed

Equity research analysts at Wells Fargo now has a $38.0000 target on Benefitfocus (NASDAQ:BNFT). Wells Fargo and their recent target suggests a potential upside of 8.26 % from the company’s last stock price. The rating has been released in a note on Wednesday, 16 May.

Benefitfocus, Inc. (NASDAQ:BNFT) Ratings Coverage

Among 8 analysts covering Benefitfocus (NASDAQ:BNFT), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Benefitfocus has $3500 highest and $27 lowest target. $31.67’s average target is -9.77% below currents $35.1 stock price. Benefitfocus had 10 analyst reports since February 2, 2018 according to SRatingsIntel. Piper Jaffray maintained Benefitfocus, Inc. (NASDAQ:BNFT) rating on Thursday, March 15. Piper Jaffray has “Buy” rating and $31.0 target. The rating was maintained by Berenberg on Friday, May 4 with “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Thursday, March 15. William Blair maintained Benefitfocus, Inc. (NASDAQ:BNFT) on Friday, February 2 with “Hold” rating. RBC Capital Markets upgraded the stock to “Outperform” rating in Friday, May 4 report. The firm earned “Buy” rating on Thursday, March 15 by Wells Fargo. Jefferies maintained it with “Buy” rating and $31.0 target in Thursday, March 22 report. The stock of Benefitfocus, Inc. (NASDAQ:BNFT) has “Neutral” rating given on Thursday, March 15 by Chardan Capital Markets. Berenberg maintained the stock with “Buy” rating in Thursday, March 15 report. As per Friday, May 4, the company rating was maintained by Chardan Capital Markets.

The stock increased 3.08% or $1.05 during the last trading session, reaching $35.1. About 203,699 shares traded. Benefitfocus, Inc. (NASDAQ:BNFT) has declined 7.37% since May 17, 2017 and is downtrending. It has underperformed by 18.92% the S&P500.

Analysts await Benefitfocus, Inc. (NASDAQ:BNFT) to report earnings on August, 2. They expect $-0.56 earnings per share, down 300.00 % or $0.42 from last year’s $-0.14 per share. After $-0.39 actual earnings per share reported by Benefitfocus, Inc. for the previous quarter, Wall Street now forecasts 43.59 % negative EPS growth.

Benefitfocus, Inc. provides cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers in the United States. The company has market cap of $1.12 billion. It operates through Employer and Carrier divisions. It currently has negative earnings. The companyÂ’s products for insurance carriers include Marketplaces, which are online shopping environments; eEnrollment that provides online enrollment for benefits; eBilling, an electronic invoice presentment and payment solution; eExchange, a solution for communication; eSales for carriers and brokers to organize and manage accounts, track leads, generate quotes, and create proposals for products; and Core & Advanced Analytics, a data analytics solution.

More notable recent Benefitfocus, Inc. (NASDAQ:BNFT) news were published by: Globenewswire.com which released: “Benefitfocus to Present at the Jefferies 2018 Technology Conference” on May 08, 2018, also Nasdaq.com with their article: “Why Benefitfocus Inc. Stock Jumped Today” published on May 04, 2018, Globenewswire.com published: “Benefitfocus Announces Date of First Quarter 2018 Financial Results” on April 24, 2018. More interesting news about Benefitfocus, Inc. (NASDAQ:BNFT) were released by: Globenewswire.com and their article: “Benefitfocus to Present at the JP Morgan Global Technology, Media and Telecom Conference” published on May 14, 2018 as well as Globenewswire.com‘s news article titled: “Benefitfocus Announces First Quarter 2018 Financial Results” with publication date: May 03, 2018.

Benefitfocus, Inc. (NASDAQ:BNFT) Ratings Chart

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