Benefitfocus Inc (NASDAQ:BNFT) on Focus After Report of More Shorts

May 18, 2018 - By Ned Sandoval

Benefitfocus, Inc. (NASDAQ:BNFT) Logo

Investors sentiment decreased to 1 in Q4 2017. Its down 0.25, from 1.25 in 2017Q3. It dropped, as 14 investors sold Benefitfocus, Inc. shares while 21 reduced holdings. 9 funds opened positions while 26 raised stakes. 25.58 million shares or 3.69% more from 24.67 million shares in 2017Q3 were reported.
First Mercantile Trust Com invested 0.02% in Benefitfocus, Inc. (NASDAQ:BNFT). Federated Investors Pa owns 105 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 380 shares. The New York-based Gagnon Securities Limited Liability Corp has invested 0.13% in Benefitfocus, Inc. (NASDAQ:BNFT). Envestnet Asset Mgmt reported 1,269 shares. 9,479 are held by Raymond James Tru Na. First Trust Advisors L P owns 16,831 shares. Alliancebernstein Limited Partnership holds 12,400 shares or 0% of its portfolio. Raymond James And Assocs holds 0.01% or 219,618 shares in its portfolio. 480,024 were accumulated by Wellington Ltd Liability Partnership. Bancorp Of America Corporation De accumulated 52,399 shares. Barclays Public Ltd Limited Liability Company reported 6,182 shares. Northern holds 0% or 208,543 shares in its portfolio. Ameritas Inv Prtn holds 1,395 shares or 0% of its portfolio. Deutsche Bancorp Ag holds 0% in Benefitfocus, Inc. (NASDAQ:BNFT) or 38,852 shares.

The stock of Benefitfocus Inc (NASDAQ:BNFT) registered an increase of 1.25% in short interest. BNFT’s total short interest was 4.44 million shares in May as published by FINRA. Its up 1.25% from 4.38 million shares, reported previously. With 180,900 shares average volume, it will take short sellers 25 days to cover their BNFT’s short positions. The short interest to Benefitfocus Inc’s float is 19.33%.

The stock decreased 0.85% or $0.3 during the last trading session, reaching $34.8. About 119,365 shares traded. Benefitfocus, Inc. (NASDAQ:BNFT) has declined 7.37% since May 18, 2017 and is downtrending. It has underperformed by 18.92% the S&P500.

Benefitfocus, Inc. provides cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers in the United States. The company has market cap of $1.11 billion. It operates through Employer and Carrier divisions. It currently has negative earnings. The companyÂ’s products for insurance carriers include Marketplaces, which are online shopping environments; eEnrollment that provides online enrollment for benefits; eBilling, an electronic invoice presentment and payment solution; eExchange, a solution for communication; eSales for carriers and brokers to organize and manage accounts, track leads, generate quotes, and create proposals for products; and Core & Advanced Analytics, a data analytics solution.

Benefitfocus, Inc. (NASDAQ:BNFT) Ratings Coverage

Among 8 analysts covering Benefitfocus (NASDAQ:BNFT), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Benefitfocus had 11 analyst reports since February 2, 2018 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Friday, May 4. Wells Fargo maintained it with “Buy” rating and $3800 target in Wednesday, May 16 report. Chardan Capital Markets maintained it with “Neutral” rating and $34 target in Friday, May 4 report. The firm has “Neutral” rating given on Thursday, March 15 by Chardan Capital Markets. Berenberg maintained Benefitfocus, Inc. (NASDAQ:BNFT) rating on Thursday, March 15. Berenberg has “Buy” rating and $29.0 target. The firm earned “Buy” rating on Thursday, March 15 by Wells Fargo. As per Friday, February 2, the company rating was maintained by William Blair. The firm has “Buy” rating given on Friday, May 4 by Berenberg. Piper Jaffray maintained Benefitfocus, Inc. (NASDAQ:BNFT) rating on Thursday, March 15. Piper Jaffray has “Buy” rating and $31.0 target. The firm has “Buy” rating given on Thursday, March 22 by Jefferies.

More important recent Benefitfocus, Inc. (NASDAQ:BNFT) news were published by: which released: “Benefitfocus to Present at the JP Morgan Global Technology, Media and Telecom Conference” on May 14, 2018, also published article titled: “Benefitfocus Announces Date of First Quarter 2018 Financial Results”, published: “Benefitfocus to Present at the Jefferies 2018 Technology Conference” on May 08, 2018. More interesting news about Benefitfocus, Inc. (NASDAQ:BNFT) was released by: and their article: “Benefitfocus Announces First Quarter 2018 Financial Results” with publication date: May 03, 2018.

Benefitfocus, Inc. (NASDAQ:BNFT) Ratings Chart

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