In a report released yesterday, Daniel Ives from Wedbush maintained a Buy rating on Benefitfocus (BNFT), with a price target of $57. The company’s shares closed yesterday at $46.86.
According to TipRanks.com, Ives is a 4-star analyst with an average return of 6.5% and a 61.6% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Verint Systems Inc, and CyberArk Software.
Benefitfocus has an analyst consensus of Moderate Buy, with a price target consensus of $58, representing a 23.8% upside. In a report issued on March 5, Guggenheim also maintained a Buy rating on the stock with a $60 price target.
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The company has a one-year high of $60.66 and a one-year low of $21.75. Currently, Benefitfocus has an average volume of 514K.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock.
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Benefitfocus, Inc. engages in the provision of cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers. It operates through the Employer and Carrier business segments.
