Benefitfocus (BNFT) Gets a Hold Rating from RBC Capital


RBC Capital analyst Matthew Hedberg maintained a Hold rating on Benefitfocus (BNFT) on August 6 and set a price target of $46. The company’s shares opened today at $24.93, close to its 52-week low of $22.82.

According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 27.1% and a 76.1% success rate. Hedberg covers the Technology sector, focusing on stocks such as Zoom Video Communications Inc Class A, Pivotal Software Inc, and Netscout Systems.

Currently, the analyst consensus on Benefitfocus is a Strong Buy with an average price target of $37.25.

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The company has a one-year high of $60.66 and a one-year low of $22.82. Currently, Benefitfocus has an average volume of 487.5K.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral 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.

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