.png "Benefitfocus (NASDAQ: BNFT)")
In a report issued on January 29, Matthew Hedberg from RBC Capital maintained a Hold rating on Benefitfocus (BNFT), with a price target of $45.00. The company’s shares closed last Monday at $18.50, close to its 52-week low of $18.04.
According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 24.7% and a 77.6% success rate. Hedberg covers the Technology sector, focusing on stocks such as Zoom Video Communications, Ping Identity Holding, and Altair Engineering.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Benefitfocus with a $36.75 average price target.
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Based on Benefitfocus’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $12.58 million. In comparison, last year the company had a GAAP net loss of $12.97 million.
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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.
