The stock is trading at $27.40 which is well below $30.81, the stock’s 50 day moving average and which is significantly lower than the 200 day moving average of $32.03. The 50 day moving average was down by -11.07% and the 200 day average moved down $-4.63. (NASDAQ:BNFT) shares saw heavy trading volume with 219K shares changing hands on Tuesday. Volume was up 25.61% over the stocks average daily volume.
Investors are feeling more bearish on shares of the company lately if you consider the rise in short interest. The company realized a rise in short interest of 0.08% as of October 13, 2017 from the last reporting period. Short interest increased 3,251 over that period. With short interest at 4,056,099 and short average daily volume at 190,371, the short-interest ratio is 21.0 and the short interest percentage is 0.13% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (BNFT). Boardman Bay Capital Management LLC downsized its position by shedding 72,911 shares a decrease of 63.2%. Boardman Bay Capital Management LLC now holds 42,500 shares valued at $1,864,000. The value of the position overall is down by 42.2%. Point72 Asset Management, L.p. reduced its ownership by selling 48,800 shares a decrease of 30.4% as of 06/30/2017. Point72 Asset Management, L.p. controls 111,500 shares worth $4,053,000. The total value of its holdings decreased 9.5%.
Cutler Group LP divested its investment by selling 194 shares a decrease of 66.0% in the quarter. Cutler Group LP claims 100 shares with a value of $3,000. The total value of its holdings decreased 70.0%. As of the end of the quarter Peregrine Capital Management LLC had bought 21,778 shares growing its stake by 3.5%. The value of the total investment in Benefitfocus, Inc. went from $22,489,000 to $21,552,000 a change of 4.2% quarter to quarter.
In the latest earnings report the EPS was $-0.92 and is expected to be $-0.30 for the current year with 31,179,000 shares now outstanding. Next quarter’s EPS is forecasted at $-0.01 and the next full year EPS is projected to be $0.07.
Benefitfocus, Inc. (Benefitfocus), launched on March 12, 2013, is a provider of cloud-based benefits management platform for consumers, employers, insurance carriers and brokers. The Benefitfocus Platform allows how organizations and individuals shop for, enroll in, manage and exchange benefits. The Company operates through two business segments: Employer, which derives its revenue from customers that use the Business’s services for the provision of benefits to their employees, and administrators acting on behalf of employers, Carrier, which derives its revenue from insurance companies that provide coverage at their own risk. Its solutions support benefits plans, including healthcare, dental, life and disability insurance, and voluntary benefits plans, such as critical illness, supplemental income and wellness programs. It provides a multi-tenant cloud-based benefits management platform to the employer and carrier markets..