Benefitfocus (BNFT) Receives a Hold from Chardan Capital


In a report released today, Steven Wardell from Chardan Capital maintained a Hold rating on Benefitfocus (BNFT), with a price target of $27. The company’s shares closed last Monday at $26.48, close to its 52-week low of $22.82.

Wardell noted:

“We liked the growth in net eligible benefit lives and expanding margins. We see the stock as fairly valued. We lower PT to $27 based on our lowered estimates and the company’s lower trading multiple and we maintain our Neutral rating.”

According to TipRanks.com, Wardell is ranked #558 out of 5261 analysts.

Benefitfocus has an analyst consensus of Moderate Buy, with a price target consensus of $37.

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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 443.9K.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BNFT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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