Do Benefytt Technologies Inc. (NASDAQ: BFYT) Fit In A Value Investing Philosophy?

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    Atom Investors LP recently announced the acquisition of new stake in Benefytt Technologies Inc. (NASDAQ:BFYT). The institutional investor has increased its shareholding in the Healthcare company by 42.78% to 1.18 million shares with purchase of 0.35 million shares. This fresh investment now brings its stake to 8.93% valued currently at $23.17 million. In addition, Ruffer LLP raised its holdings by 1.1 million to 1.1 million shares.

    With over 0.73 million Benefytt Technologies Inc. (BFYT) shares trading Friday and a closing price of $22.37 on the day, the dollar volume was approximately $16.33 million. The shares have shown a positive weekly performance of 2.52% and its price on 07/10/20 gained nearly 15.61%. Currently, there are 12.02M common shares owned by the public and among those 11.84M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for BFYT have a consensus price objective of $46.25. The analysts have set the share’s price value over the next 12 months at a high of $75.00 and a low of $27.50 should the stock experience a downside. Incidentally, analysts’ outlook for the Benefytt Technologies Inc. stock is 1.90 for the next 12 months. But an upside of 70.17% will see the stock hit the forecast high price target while mean target price for the stock is $43.00.

    Insiders at the company have transacted a total of 59 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 24 of these insider trades were purchases, accounting for 1,135,487 shares. Insider sales of the common stock occurred on 35 occasions, with total insider shares sold totaling 2,053,512 shares.

    The top 3 mutual fund holders in Benefytt Technologies Inc. are Asperior Investment Funds – LF Ru, Worldwide Healthcare Trust Plc, and LF Ruffer Investment Funds – Tota. Asperior Investment Funds – LF Ru owns 0.5 million shares of the company’s stock, all valued at over $9.91 million. The company bought an additional 0.5 million shares recently to bring their total holdings to about 3.82% of the shares outstanding. LF Ruffer Investment Funds – Tota bought 0.34 million shares to bring its total holdings to over 0.34 million shares at a value of $6.61 million. LF Ruffer Investment Funds – Tota now owns shares totaling to 2.55% of the shares outstanding.

    Shares of Benefytt Technologies Inc. (NASDAQ: BFYT) opened at $19.34, down -$0.01 from a prior closing price of $19.35. However, the script later closed the day at $22.37, up 15.61%. The company’s stock has a 5-day price change of 2.52% and 4.39% over the past three months. BFYT shares are trading 15.97% year to date (YTD), with the 12-month market performance down to -0.62% lower. It has a 12-month low price of $15.60 and touched a high of $31.49 over the same period. Currently, 0.73 million shares have been traded, compared to an average intraday trading volume of 404.90K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 16.43%, 8.21%, and -0.39% respectively.

    Institutional ownership of Benefytt Technologies Inc. (NASDAQ: BFYT) shares accounts for 99.60% of the company’s 12.02M shares outstanding. Mutual fund holders own 6.38%, while other institutional holders and individual stakeholders account for 71.58% and 27.84% respectively.

    It has a market capitalization of $301.77M and a beta (3y monthly) value of 1.05. The earnings-per-share (ttm) stands at -$1.14. The company has a debt-to-equity ratio at 2.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.24% over the week and 7.84% over the month.

    Analysts forecast that Benefytt Technologies Inc. (BFYT) will achieve an EPS of $0.25 for the current quarter, $0.28 for the next quarter and $4.21 for 2021. The lowest estimate earnings-per-share for the quarter is $0.04 while analysts give the company a high EPS estimate of $0.51. Comparatively, EPS for the current quarter was $0.71 a year ago. Earnings per share for the fiscal year are expected to increase by 154.80%, and 22.98% over the next financial year. EPS should shrink at an annualized rate of 10.38% over the next five years, compared to 115.30% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Benefytt Technologies Inc. (BFYT) as a “Strong Buy” at a consensus score of 1.90. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 1 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the BFYT, a number of firms have released research notes about the stock. SVB Leerink stated their Outperform rating for the stock in a research note on July 01, 2020, with the firm’s price target at $27.50.

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