An Analysis of Benefitfocus Inc. (BNFT)’s Potential Price Growth


Benefitfocus Inc.’s recently made public that its Chief Financial Officer Wegner Alpana unloaded Company’s shares for reported $2462.0 on Nov 01. In the deal valued at $6.99 per share,352 shares were sold. As a result of this transaction, Wegner Alpana now holds 460,945 shares worth roughly $ 4.79 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


Then, Wegner Alpana sold 3,622 shares, generating $23,885 in total proceeds. Upon selling the shares at $6.59, the Chief Financial Officer now owns 222,577 shares.

Before that, Wegner Alpana sold 2,178 shares. Benefitfocus Inc. shares valued at $14,943 were divested by the Chief Financial Officer at a price of $6.86 per share. As a result of the transaction, Wegner Alpana now holds 226,199 shares, worth roughly $2.35 million.

KeyBanc Capital Markets initiated its Benefitfocus Inc. [BNFT] rating to an Overweight in a research note published on Monday, September 16, 2022; the price target was $10. PT values the company’s stock at a premium of -4.0 to its Monday closing price. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late June from “an Overweight” to “a Neutral”. Goldman also remained covering BNFT and has decreased its forecast on June 03, 2021 with a “Sell” recommendation from previously “Neutral” rating. Raymond James revised its rating on January 21, 2021. It rated BNFT as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of BNFT

On Monday, Benefitfocus Inc. [NASDAQ:BNFT] saw its stock jump 0.10% to $10.40. On the same session, the stock had its day’s lowest price of $10.39, but rose to a high of $10.46. Over the last five days, the stock has gained 47.52%. Benefitfocus Inc. shares have fallen nearly -2.44% since the year began. Nevertheless, the stocks have fallen -7.14% over the past one year. While a 52-week high of $13.06 was reached on 03/30/22, a 52-week low of $5.68 was recorded on 10/13/22. SMA at 50 days reached $6.84, while 200 days put it at $8.89. A total of 2.59 million shares were traded, compared to the trading of 21.56 million shares in the previous session.

Levels Of Support And Resistance For BNFT Stock

The 24-hour chart illustrates a support level at 10.37, which if violated will result in even more drops to 10.35. On the upside, there is a resistance level at 10.44. A further resistance level may holdings at 10.49. The Relative Strength Index (RSI) on the 14-day chart is 88.15, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.29%. Stochastics %K at 99.42% indicates the stock is a selling.

How much short interest is there in Benefitfocus Inc.?

A steep rise in short interest was recorded in Benefitfocus Inc. stocks on Jul 14, 2022, dropping by 91070.0 shares to a total of 0.81 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 0.91 million shares. There was a decline of -11.18%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.75% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.9.

Benefitfocus Inc. [BNFT] – Who Are The Largest Shareholders?

In filings from Indaba Capital Management LP, it is revealed that the company now owns 4,002,310 shares, or roughly 11.69% of the outstanding BNFT shares. In other words, the investor’s shares have risen by 38,616 from its previous 13-F filing of 3963694.0. Additionally, Archon Capital Management LLC increased 0.33% of its stake after which the total value it holdings stand at $21,101,945, while Lynrock Lake LP added 7.74% of its stake to hold $11.43 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 14,249 shares of Benefitfocus Inc., while The Vanguard Group, Inc. bought 14,790 shares. At present, Needham Investment Management LLC is holding 1,190,000 shares valued at $7.56 million. Tikvah Management LLC owned 975,118 shares of the company at the time of its most recent 13F filing, worth $6.19 million.

According to FactSet, Benefitfocus Inc.’s share price will average $10.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1.06 percent from its previous closing price of $10.39. Analysts expect Benefitfocus Inc. stock to reach the higher price of $10.50, while the lowest price estimate is $10.50. However, 3 analysts have rated BNFT stock as a Hold in their predictions for 2022.


Please enter your comment!
Please enter your name here