-$0.16 EPS Expected for Benefitfocus, Inc. (NASDAQ:BNFT) This Quarter

Wall Street analysts expect Benefitfocus, Inc. (NASDAQ:BNFTGet Rating) to post earnings of ($0.16) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Benefitfocus’ earnings. The lowest EPS estimate is ($0.17) and the highest is ($0.14). Benefitfocus posted earnings of ($0.18) per share during the same quarter last year, which suggests a positive year over year growth rate of 11.1%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Benefitfocus will report full-year earnings of $0.03 per share for the current fiscal year, with EPS estimates ranging from ($0.04) to $0.09. For the next fiscal year, analysts expect that the company will post earnings of $0.08 per share, with EPS estimates ranging from $0.02 to $0.13. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Benefitfocus.

Benefitfocus (NASDAQ:BNFTGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The software maker reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.18. The company had revenue of $61.20 million during the quarter, compared to analysts’ expectations of $60.74 million. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) EPS.

A number of research firms have recently issued reports on BNFT. JPMorgan Chase & Co. dropped their price objective on shares of Benefitfocus from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 2nd. StockNews.com began coverage on shares of Benefitfocus in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Zacks Investment Research downgraded shares of Benefitfocus from a “buy” rating to a “hold” rating in a research note on Monday.

Benefitfocus stock traded down $0.41 during midday trading on Wednesday, reaching $8.08. The stock had a trading volume of 3,754 shares, compared to its average volume of 129,307. Benefitfocus has a 52-week low of $8.23 and a 52-week high of $15.20. The firm has a market cap of $270.82 million, a price-to-earnings ratio of -6.91 and a beta of 1.65. The company has a fifty day moving average of $11.22 and a 200 day moving average of $10.80.

In other news, major shareholder Indaba Capital Management, L.P bought 251,100 shares of the stock in a transaction on Monday, March 21st. The stock was bought at an average cost of $11.33 per share, for a total transaction of $2,844,963.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alpana Wegner sold 5,811 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $12.61, for a total transaction of $73,276.71. Following the completion of the sale, the chief financial officer now owns 229,568 shares of the company’s stock, valued at $2,894,852.48. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 393,600 shares of company stock valued at $4,637,313 and sold 8,959 shares valued at $111,210. 21.70% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. VIEX Capital Advisors LLC acquired a new stake in Benefitfocus during the third quarter valued at $9,091,000. Lynrock Lake LP grew its position in Benefitfocus by 90.8% during the fourth quarter. Lynrock Lake LP now owns 1,608,751 shares of the software maker’s stock valued at $17,149,000 after buying an additional 765,545 shares during the period. Siris Capital Group LLC acquired a new stake in Benefitfocus during the fourth quarter valued at $6,883,000. Needham Investment Management LLC grew its position in Benefitfocus by 19.8% during the fourth quarter. Needham Investment Management LLC now owns 1,300,000 shares of the software maker’s stock valued at $13,858,000 after buying an additional 215,000 shares during the period. Finally, Archon Capital Management LLC grew its position in Benefitfocus by 5.7% during the fourth quarter. Archon Capital Management LLC now owns 3,308,025 shares of the software maker’s stock valued at $35,264,000 after buying an additional 179,613 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

About Benefitfocus (Get Rating)

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.

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