Benefitfocus, Inc. BNFT
At closeJan 23, 2023, 4:00 PM EST
52-week range unavailable
- Market cap
- 362.02M
- Revenue (ttm)
- 249.11M
- Profit margin
- -7.40%
- Shares out
- 34.48M
- Forward P/E
- 29.17
- Volume
- 381.98K
- Open
- 10.50
- Previous close
- 10.50
- Day's range
- 10.49 – 10.50
- Beta
- 1.73
- Analysts
- Hold
- Price target
- 10.50 (+0.0%)
- Earnings date
- Mar 7, 2023
Key statistics
- Enterprise value
- 582.04M
- PEG ratio
- 5.25
- Price / sales
- 1.45
- Price / book
- 0.00
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Revenue growth
- -9.40%
- Free cash flow
- 21.25M
- Total cash
- 55.12M
- Total debt
- 196.56M
- Return on equity
- 0.00%
- Short % of float
- 2.43%
- 50-day average
- 10.44
- 200-day average
- 8.67
Analyst view
Consensus: hold
- Strong buy4
- Buy4
- Hold4
- Sell0
- Strong sell0
Next earnings
Mar 7, 2023
Expected Mar 7, 2023. Consensus EPS estimate 0.29.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Mar 7, 2023 | Dec 1, 2022 | 0.00 | — | — | — |
| Nov 7, 2022 | Sep 1, 2022 | -0.14 | — | — | — |
| Aug 3, 2022 | Jun 1, 2022 | -0.16 | — | — | — |
| May 3, 2022 | Mar 1, 2022 | -0.11 | — | — | — |
| Mar 1, 2022 | Dec 1, 2021 | 0.07 | — | — | — |
| Nov 3, 2021 | Sep 1, 2021 | -0.25 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Nov 8, 2022 | Keybanc | down | Overweight | Sector Weight |
| Sep 16, 2022 | Keybanc | init | — | Overweight |
| Jun 23, 2022 | Piper Sandler | down | Overweight | Neutral |
| Mar 2, 2022 | JP Morgan | main | — | Neutral |
| Jun 3, 2021 | Goldman Sachs | down | Neutral | Sell |
| Jan 21, 2021 | Raymond James | down | Outperform | Market 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
- Website
- benefitfocus.com
News
Wellthy Announces Strategic Collaboration with Benefitfocus to Expand Benefits Solutions for Employee Caregivers and Their Families 
Here's Why You Should Retain Voya Financial (VOYA) Stock 
Tom Klonecki joins Benefitfocus as chief operating officer 
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ELVT, OPNT, BNFT, ABMD 
Benefitfocus (BNFT) Reports Q3 Loss, Tops Revenue Estimates 
Earnings Scheduled For November 7, 2022 
Why Earnings Season Could Be Great for Benefitfocus (BNFT) 
Benefitfocus (BNFT) Moves 48.2% Higher: Will This Strength Last? - Why Tupperware Brands Shares Dipped Around 42%; Here Are 89 Biggest Movers From Yesterday
BENEFITFOCUS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Benefitfocus, Inc. - BNFT
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| DENNERLINE DOUGLAS | Director | Stock Award(Grant) | Jun 30, 2022 | 70,431 |
| HOLLAND MASON R JR | Officer and Director | Stock Award(Grant) | Mar 31, 2021 | 2,756,720 |
| INDABA CAPITAL MANAGEMENT L P | Director and Beneficial Owner of more than 10% of a Class of Security | Stock Award(Grant) | Jun 30, 2022 | 0 |
| LEVIN MATTHEW C | Chief Executive Officer | Conversion of Exercise of derivative security | Jan 23, 2023 | 0 |
| PARK JOHN J | Director | Stock Award(Grant) | Jun 30, 2022 | 36,100 |
| PELZER FRANCIS J V | Director | Stock Award(Grant) | Jun 30, 2021 | 46,365 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Indaba Capital Management, L.P. | 11.50% | 3,963,694 | 41.62M | Sep 29, 2022 |
| Archon Capital Management LLC | 9.49% | 3,273,141 | 34.37M | Sep 29, 2022 |
| Brown Brothers Harriman & Co | 8.98% | 3,096,010 | 32.51M | Sep 29, 2022 |
| Blackrock Inc. | 5.84% | 2,012,587 | 21.13M | Sep 29, 2022 |
| Lynrock Lake LP | 5.22% | 1,799,795 | 18.90M | Sep 29, 2022 |
| Vanguard Group, Inc. (The) | 5.20% | 1,792,988 | 18.83M | Sep 29, 2022 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Needham Small Cap Growth Fund | 3.45% | 1,190,000 | 12.49M | Sep 29, 2022 |
| Vanguard Total Stock Market Index Fund | 2.60% | 896,728 | 9.42M | Sep 29, 2022 |
| Arbitrage Fund | 2.03% | 699,932 | 7.35M | Nov 29, 2022 |
| iShares Russell 2000 ETF | 1.72% | 593,537 | 6.23M | Dec 30, 2022 |
| Vanguard Extended Market Index Fund | 1.24% | 428,732 | 4.50M | Sep 29, 2022 |
| Fidelity Small Cap Index Fund | 0.52% | 180,417 | 1.89M | Oct 30, 2022 |