Benefitfocus Inc (NASDAQ:BNFT) reached a new 52-week high on Wednesday . The stock traded as high as $56.53 and last traded at $56.75, with a volume of 6011 shares traded. The stock had previously closed at $54.99.
Several equities research analysts have weighed in on the stock. Wedbush increased their target price on shares of Benefitfocus from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd. Zacks Investment Research lowered shares of Benefitfocus from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Piper Jaffray Companies reiterated a “positive” rating and issued a $61.00 target price on shares of Benefitfocus in a report on Tuesday, December 11th. Raymond James increased their target price on shares of Benefitfocus from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 30th. Finally, Jefferies Financial Group increased their target price on shares of Benefitfocus to $48.00 and gave the stock a “buy” rating in a report on Friday, November 2nd. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $50.17.
The firm has a market capitalization of $1.66 billion, a P/E ratio of -71.76 and a beta of 1.45.
Benefitfocus Company Profile (NASDAQ:BNFT)
Benefitfocus, Inc provides cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers in the United States. It operates through Employer and Carrier segments. The company'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.
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