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Benefitfocus, Inc. BNFT

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Price alert · BNFT

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10.50 0.00 0.00%

At close · Jan 23

10.49 Day range 10.50

52-week range unavailable

Open
10.50
Prev close
10.50
Mkt cap
362.02M
Vol
381.98K
Avg vol
0
EPS
0.00
P/E
0.00
Div yield
0.00%
More statistics
Low
10.49
High
10.50
Forward P/E
29.17
Beta
1.73
Short ratio
1.26
Inst. own
73.48%
Dividend
0.00
Ex-div date
Earnings
Mar 7, 2023
50-d avg
10.44
200-d avg
8.67
1y target
10.50

2Y chart

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Key statistics

Market cap
362.02M
Enterprise value
582.04M
Trailing P/E
0.00
Forward P/E
29.17
PEG ratio
5.25
Price / sales
1.45
Price / book
0.00
EPS (TTM)
-1.16
Beta
1.73
Dividend yield
0.00%
Payout ratio
0.00%
Profit margin
-7.40%
Revenue (TTM)
249.11M
Revenue growth
-9.40%
Free cash flow
21.25M
Total cash
55.12M
Total debt
196.56M
Return on equity
0.00%
Shares outstanding
34.48M
Short % of float
2.43%
50-day average
10.44
200-day average
8.67

Analyst view

Consensus: hold

Hold
Price target (mean) 10.50
Ratings (0m) 12 8 buy · 4 hold · 0 sell
  • Strong buy4
  • Buy4
  • Hold4
  • Sell0
  • Strong sell0

Next earnings

Mar 7, 2023

Expected Mar 7, 2023. Consensus EPS estimate 0.29.

Earnings history

Financials — quick view

All financials
BNFT Revenue — quarterly 56.19M
2018-Q4 20182019-Q1 20192019-Q2 20192019-Q3 20192019-Q4 20192020-Q1 20202020-Q2 20202020-Q3 20202020-Q4 20202021-Q1 20212021-Q2 20212021-Q3 20212021-Q4 20212022-Q1 20222022-Q2 20222022-Q3 2022
BNFT Net income — quarterly -6.99M
2018-Q4 20182019-Q1 20192019-Q2 20192019-Q3 20192019-Q4 20192020-Q1 20202020-Q2 20202020-Q3 20202020-Q4 20202021-Q1 20212021-Q2 20212021-Q3 20212021-Q4 20212022-Q1 20222022-Q2 20222022-Q3 2022
BNFT EPS — quarterly -0.25
2018-Q4 20182019-Q1 20192019-Q2 20192019-Q3 20192019-Q4 20192020-Q1 20202020-Q2 20202020-Q3 20202020-Q4 20202021-Q1 20212021-Q2 20212021-Q3 20212021-Q4 20212022-Q1 20222022-Q2 20222022-Q3 2022

Earnings

BNFT recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Mar 7, 2023Dec 1, 20220.00———
Nov 7, 2022Sep 1, 2022-0.14———
Aug 3, 2022Jun 1, 2022-0.16———
May 3, 2022Mar 1, 2022-0.11———
Mar 1, 2022Dec 1, 20210.07———
Nov 3, 2021Sep 1, 2021-0.25———

Upgrades / downgrades

BNFT analyst upgrades and downgrades
DateFirmActionFromTo
Nov 8, 2022KeybancdownOverweightSector Weight
Sep 16, 2022Keybancinit—Overweight
Jun 23, 2022Piper SandlerdownOverweightNeutral
Mar 2, 2022JP Morganmain—Neutral
Jun 3, 2021Goldman SachsdownNeutralSell
Jan 21, 2021Raymond JamesdownOutperformMarket Perform

About Benefitfocus, Inc.

Benefitfocus, Inc. provides cloud-based benefits management technology solutions for employers and health plans in the United States. Its products for employers comprise Benefitplace, a cloud-based benefits management portal that streamlines online enrollment, employee communication, and benefit administration; Health Insights, a data analytics solution; ACA Management and Reporting, a solution for employers to manage ACA compliance; Billing & Payments, an application that synchronizes enrollment and billing information to streamline the monthly billing process, automate adjustments, and enhance accuracy of payments; and COBRA Administration, a solution that simplifies management of Consolidated Omnibus Budget Reconciliation Act, benefits. The company's products for health plans include Enrollment that provides platform for carriers to automate enrollment across all segments of their commercial group business; Billing & Payments, an electronic invoice presentment and payment solution; Exchange, a solution that bridges the integration gap between health plan and employer systems; and Quoting that gives health plans and brokers tools to organize and proactively manage accounts, track leads, generate quotes, and create proposals for multiple products. Its products for brokers consist of Health Insights that support strategic decisions for their clients with on-demand health plan analytics; Benefit Catalog, which allows brokers to offer products to their clients; and benefit catalog consultative support for brokers through benefit advisors. The company also provides implementation services to its customers in order to help ensure seamless deployment and effective utilization of its solutions; and employers with expanded support services. The company was incorporated in 2000 and is headquartered in Charleston, South Carolina. As of January 24, 2023, Benefitfocus, Inc. operates as a subsidiary of Voya Financial, Inc.

Sector
Technology
Industry
Software—Application
Country
United States

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Insider holders

BNFT insider holders
InsiderRelationLatest transactionDateShares held
DENNERLINE DOUGLASDirectorStock Award(Grant)Jun 30, 202270,431
HOLLAND MASON R JROfficer and DirectorStock Award(Grant)Mar 31, 20212,756,720
INDABA CAPITAL MANAGEMENT L PDirector and Beneficial Owner of more than 10% of a Class of SecurityStock Award(Grant)Jun 30, 20220
LEVIN MATTHEW CChief Executive OfficerConversion of Exercise of derivative securityJan 23, 20230
PARK JOHN JDirectorStock Award(Grant)Jun 30, 202236,100
PELZER FRANCIS J VDirectorStock Award(Grant)Jun 30, 202146,365

Institution ownership

BNFT institution ownership
Holder% heldSharesValueReported
Indaba Capital Management, L.P.11.50%3,963,69441.62MSep 29, 2022
Archon Capital Management LLC9.49%3,273,14134.37MSep 29, 2022
Brown Brothers Harriman & Co8.98%3,096,01032.51MSep 29, 2022
Blackrock Inc.5.84%2,012,58721.13MSep 29, 2022
Lynrock Lake LP5.22%1,799,79518.90MSep 29, 2022
Vanguard Group, Inc. (The)5.20%1,792,98818.83MSep 29, 2022

Fund ownership

BNFT fund ownership
Holder% heldSharesValueReported
Needham Small Cap Growth Fund3.45%1,190,00012.49MSep 29, 2022
Vanguard Total Stock Market Index Fund2.60%896,7289.42MSep 29, 2022
Arbitrage Fund2.03%699,9327.35MNov 29, 2022
iShares Russell 2000 ETF1.72%593,5376.23MDec 30, 2022
Vanguard Extended Market Index Fund1.24%428,7324.50MSep 29, 2022
Fidelity Small Cap Index Fund0.52%180,4171.89MOct 30, 2022
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