Benefitfocus, Inc. (NASDAQ: BNFT) stock identified change of 14.99% away from 52-week low price and recently located move of -56.74% off 52-week high price. It has market worth of $862.51M . BNFT stock has been recorded 1.62% away from 50 day moving average and -32.17% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.52% off 20-day moving average.
Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits management platform and services provider, announced significant enhancements to the BENEFITFOCUS MarketPlace™ for Carriers, its platform for personalized health insurance enrollment and automated administration. Medical carriers will have one platform to support them, from beginning-stage business rating and quoting to end-stage billing and payments, while serving the diverse needs of their customers.
The announcement came during Carrier Place, Benefitfocus’ executive forum for leaders from the nation’s top health insurance carriers as well as life and ancillary benefits providers, held at Kiawah Island, S.C.
“Medical carriers are the driving force behind our entire benefits ecosystem. Over the last two decades, we’ve built trusted and deep relationships with our carrier community, empowering them to better serve their customers. The innovation and expanded capabilities of MarketPlace for Carriers is the direct result of their feedback,” said Ray August, President & CEO of Benefitfocus. “For the first time ever, carriers will have an end-to-end quote-to-pay capability that automates everyone in the benefits value chain and gives consumers easy access to trusted voluntary benefits via an all-new smart and intuitive mobile experience. The enhancements being developed for MarketPlace for Carriers represent over $50 million of investment that Benefitfocus makes in our platform every year.”
The Technology sector company, Benefitfocus noticed change of 0.34% to $26.24 along volume of 186855 shares in recent session compared to an average volume of 416.47K. The stock observed return of 1.16% in 5 days trading activity. The stock was at -0.61% over one month performance. BNFT’s shares are at -1.91% for the quarter and driving a -38.62% return over the course of the past year and is now at -42.61% since this point in 2018.
The average volatility for the week at 5.51% and for month was at 3.89%. There are 32.87M shares outstanding and 26.59M shares are floated in market. Right now the stock beta is 1.29.
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