Breaking: Wells Fargo Reconfirms $38.0000 TP On Benefitfocus (NASDAQ:BNFT) Shares, Reconfirms Their Original Buy Rating

May 17, 2018 - By Clifton Ray

Benefitfocus, Inc. (NASDAQ:BNFT) Logo

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.25, from 1.25 in 2017Q3. It is negative, 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.

38,852 are owned by Deutsche Comml Bank Ag. Arrowmark Colorado Limited Liability owns 689,102 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Benefitfocus, Inc. (NASDAQ:BNFT) for 380 shares. Northern Trust holds 208,543 shares. The New York-based Morgan Stanley has invested 0% in Benefitfocus, Inc. (NASDAQ:BNFT). Gagnon Secs Ltd Liability reported 0.13% of its portfolio in Benefitfocus, Inc. (NASDAQ:BNFT). Pdt Prtnrs Ltd Liability Com reported 60,067 shares. Rhumbline Advisers owns 14,794 shares or 0% of their US portfolio. Geode Cap Management Lc has 204,988 shares for 0% of their portfolio. Royal Fincl Bank Of Canada reported 32,312 shares. Wells Fargo & Mn holds 310,023 shares or 0% of its portfolio. California State Teachers Retirement stated it has 25,052 shares or 0% of all its holdings. Bnp Paribas Arbitrage accumulated 0% or 3,232 shares. Citigroup, New York-based fund reported 331 shares. Price T Rowe Associates Md owns 9,675 shares.

Benefitfocus (NASDAQ:BNFT) Rating Reaffirmed

They currently have a $38.0000 PT on Benefitfocus (NASDAQ:BNFT). The target price by Wells Fargo would suggest a potential upside of 8.26 % from the company’s last close price. This has been disclosed to clients in analysts report on Wednesday morning.

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. On Friday, May 4 the stock rating was maintained by Chardan Capital Markets with “Neutral”. On Thursday, March 15 the stock rating was maintained by Wells Fargo with “Buy”. The firm has “Buy” rating given on Thursday, March 15 by Canaccord Genuity. The rating was maintained by Jefferies on Thursday, March 22 with “Buy”. The firm has “Neutral” rating by Chardan Capital Markets given on Thursday, March 15. The company was maintained on Thursday, March 15 by Piper Jaffray. Berenberg maintained the stock with “Buy” rating in Friday, May 4 report. On Friday, February 2 the stock rating was maintained by William Blair with “Hold”. The firm has “Outperform” rating given on Friday, May 4 by RBC Capital Markets. On Thursday, March 15 the stock rating was maintained by Berenberg with “Buy”.

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 EPS, down 300.00 % or $0.42 from last year’s $-0.14 per share. After $-0.39 actual EPS 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 Globenewswire.com with their article: “Benefitfocus to Present at the JP Morgan Global Technology, Media and Telecom Conference” published on May 14, 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 Announces First Quarter 2018 Financial Results” published on May 03, 2018 as well as Nasdaq.com‘s news article titled: “Why Benefitfocus Inc. Stock Jumped Today” with publication date: May 04, 2018.

Benefitfocus, Inc. (NASDAQ:BNFT) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.