Benefitfocus (NASDAQ:BNFT) Target Raised by Goldman Sachs Group Inc to $12.00

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Benefitfocus stock has undergone multiple analysts rating changes in the recent past.  Benefitfocus stock Target Raised by   Goldman Sachs Group Inc on 6/29/2020. In a note to investors, the firm issued a new target price of $12.00. The analysts previously had $11.00 target price. Goldman Sachs Group Inc’s price target would indicate a potential upside of 15.83% from the stock’s previous close.

Shares of Benefitfocus traded up $0.25 on Monday, reaching $10.61. 272757 shares of the stock traded hands, compared to its average volume of 693777. Shares of were trading at $10.61 on Monday. The firm’s 50 day moving average is $11.3 and its 200 day moving average is 16.83.Benefitfocus  has a 12 month low of $10.26 and a 12 month high of $28.25. While on yearly highs and lows, Benefitfocus today has traded high as $10.83 and has touched $10.26 on the downward trend.

Benefitfocus Earnings and What to expect: 

Benefitfocus last issued its quarterly earnings data on May 6th, 2020. The software maker reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.05. The business earned $66.15 million during the quarter, compared to the consensus estimate of $65.96 million. Its revenue for the quarter was down 3.1% on a year-over-year basis. Benefitfocus has generated ($1.29) earnings per share over the last year. Benefitfocus has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 4th, 2020 based off prior year’s report dates.

Earnings for Benefitfocus are expected to grow in the coming year, from ($1.04) to ($0.84) per share. The P/E ratio of Benefitfocus is -8.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Benefitfocus is -8.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 10.37%
  • On 4/1/2020 VP Annmarie Fini Sell 3,245 at average share price of $8.15 which equates to $26,446.75 in money value.
  • On 4/1/2020 CTO James P Restivo Sell 6,894 at average price of  $8.15 with total value of : Not Data Available
  • On 7/1/2019 CFO Lou Anne Gilmore Sell 1,019 at average price of  $26.89 with total value of : $27,400.91
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Benefitfocus

  • 6/23/2020 – Benefitfocus was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $13.00 price target on the stock. ()
  • 6/22/2020 – Benefitfocus was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. ()
  • 5/27/2020 – Benefitfocus was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating. ()
  • 5/7/2020 – Benefitfocus had its price target lowered by analysts at Piper Sandler from $35.00 to $26.00. ()
  • See More Analyst Rating at: RATING

Other rating updates by Goldman Sachs Group Inc: 

  • 6/29/2020 – Bill.com is now covered by analysts at Goldman Sachs Group Inc. They set a “buy” rating and a $34.00 price target on the stock. ()
  • 6/29/2020 – Zuora had its price target raised by analysts at Goldman Sachs Group Inc from $10.00 to $11.00. ()
  • 6/29/2020 – Zendesk had its price target raised by analysts at Goldman Sachs Group Inc from $96.00 to $113.00. ()
  • 6/29/2020 – Workiva had its price target raised by analysts at Goldman Sachs Group Inc from $41.00 to $52.00. ()
  • See More Analyst Rating at: RATING

Benefitfocus (NASDAQ:BNFT) Moving Average Technical Analysis

5 day Moving Average is $10.87 And 5 day price change is -1.01 (-8.67%)  with average volume for 5 day average is 470,843. While technical analysis for average 20 days shows significant difference, 20 day moving average is  12.11 and 20 day price change is -2.38 (-18.28%) and average 20 day moving volume is 837,456. 50 day moving average is 11.3  and 50 day price change is 0.66 ( 0.0661)  and with average volume for 50 days is : 612,014. 200 day moving average is 16.83  and 200 day price change is -15.51 (-59.31%)  and with average volume for 200 days is : 477,241.

See More Analyst Rating at: RATING