Benefitfocus Inc (BNFT) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 46

Benefitfocus Inc (BNFT) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 46 from a previous price target of $36 . RBC Capital Mkts advised their investors in a research report released on Aug 1, 2016.

Many Wall Street Analysts have commented on Benefitfocus Inc. Goldman Initiated Benefitfocus Inc on May 23, 2016 to “Neutral”, Price Target of the shares are set at $38.

On the company’s financial health, Benefitfocus Inc reported $-0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.41. The company had revenue of $54.79 million for the quarter, compared to analysts expectations of $54.39 million. The company’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.48 EPS.

Benefitfocus Inc closed down -1.49 points or -3.35% at $43 with 3,34,693 shares getting traded on Friday. Post opening the session at $43.45, the shares hit an intraday low of $40.5 and an intraday high of $43.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 21, 2016, Francis J. Pelzer (director) sold 1,530 shares at $39.54 per share price. According to the SEC, on May 10, 2016, Stephen M Swad (director) purchased 2,000 shares at $32.90 per share price. On May 10, 2016, Douglas Dennerline (director) sold 3,200 shares at $31.85 per share price, according to the Form-4 filing with the securities and exchange commission.

Benefitfocus Inc. (Benefitfocus) is a provider of cloud-based benefits software solutions for consumers employers insurance carriers and brokers. The Benefitfocus platform provides solutions that enable the Company’s employer and insurance carrier customers to shop enroll manage and exchange benefits information. The Company operates through two business segments: Employer and Carrier. The Company offers a range of products and services for employers and insurance carriers. For employers the Company offers Benefitfocus Marketplace Data Cloud and Benefit Analytics Implementation Services Benefitfocus Service Center Media and Animation Services App Development Platform Software-Enabled Services and Benefitstore. For insurance carriers the Company offers eEnrollment eBilling eExchange eSales Marketplaces Data Cloud and Benefit Analytics Implementation Services Media and Animation Services App Development Platform Software-Enabled Services and BenefitStore.

Benefitfocus Inc

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