Benefitfocus Inc (BNFT) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $-0.22 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.15. Analysts had a consensus of $-0.37. The company posted revenue of $57.90 million in the period, compared to analysts expectations of $56.83 million. The company’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.53 EPS.
Many Wall Street Analysts have commented on Benefitfocus Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 46 from a previous price target of $36 .Goldman Initiated Benefitfocus Inc on May 23, 2016 to “Neutral”, Price Target of the shares are set at $38.
Benefitfocus Inc closed down -1.53 points or -3.45% at $42.81 with 3,20,822 shares getting traded on Tusday. Post opening the session at $44.38, the shares hit an intraday low of $42.63 and an intraday high of $44.89 and the price fluctuated in this range throughout the day.Shares ended Tusday 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.