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Ghost Tree Capital Has Lowered Iridex (IRIX) Position; 7 Analysts Bullish Benefitfocus, Inc. (BNFT)

Among 11 analysts covering Benefitfocus (NASDAQ:BNFT), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Benefitfocus had 32 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Thursday, October 12 by RBC Capital Markets. The firm earned “Hold” rating on Friday, February 2 by William Blair. The firm has “Hold” rating given on Monday, May 29 by RBC Capital Markets. The rating was maintained by Raymond James with “Outperform” on Thursday, July 27. Canaccord Genuity maintained the shares of BNFT in report on Tuesday, August 4 with “Buy” rating. The rating was maintained by Jefferies with “Buy” on Wednesday, June 7. Canaccord Genuity maintained the shares of BNFT in report on Sunday, October 29 with “Buy” rating. The firm has “Market Perform” rating by William Blair given on Friday, May 6. The rating was downgraded by Raymond James on Friday, November 4 to “Outperform”. The firm earned “Buy” rating on Wednesday, February 24 by Jefferies. See Benefitfocus, Inc. (NASDAQ:BNFT) latest ratings:

02/02/2018 Broker: William Blair Rating: Hold Maintain
03/11/2017 Broker: Piper Jaffray Rating: Buy New Target: $34.0 Maintain
03/11/2017 Broker: William Blair Old Rating: Outperform New Rating: Market Perform Downgrade
29/10/2017 Broker: Canaccord Genuity Rating: Buy New Target: $34.0 Maintain
27/10/2017 Broker: Jefferies Rating: Buy New Target: $35.0 Maintain
12/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $29.0 Maintain
20/09/2017 Broker: Jefferies Rating: Buy New Target: $35.0 Maintain
11/09/2017 Broker: Piper Jaffray Rating: Buy New Target: $43.0 Maintain
10/09/2017 Broker: RBC Capital Markets Rating: Hold New Target: $29.0 Maintain
18/08/2017 Broker: Jefferies Rating: Buy New Target: $35.0 Maintain

Ghost Tree Capital Llc decreased Iridex Corp (IRIX) stake by 20.19% reported in 2017Q3 SEC filing. Ghost Tree Capital Llc sold 50,481 shares as Iridex Corp (IRIX)’s stock declined 40.16%. The Ghost Tree Capital Llc holds 199,519 shares with $1.87M value, down from 250,000 last quarter. Iridex Corp now has $82.22 million valuation. The stock increased 2.90% or $0.2 during the last trading session, reaching $7.1. About 16,487 shares traded. IRIDEX Corporation (NASDAQ:IRIX) has declined 35.41% since February 16, 2017 and is downtrending. It has underperformed by 52.11% the S&P500.

The stock increased 2.67% or $0.65 during the last trading session, reaching $24.95. About 83,840 shares traded. Benefitfocus, Inc. (NASDAQ:BNFT) has declined 9.60% since February 16, 2017 and is downtrending. It has underperformed by 26.30% 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 $780.27 million. 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.

Investors sentiment decreased to 1.25 in 2017 Q3. Its down 0.44, from 1.69 in 2017Q2. It worsened, as 15 investors sold Benefitfocus, Inc. shares while 17 reduced holdings. 10 funds opened positions while 30 raised stakes. 24.67 million shares or 0.46% more from 24.56 million shares in 2017Q2 were reported. Deutsche Retail Bank Ag reported 21,460 shares stake. The Massachusetts-based Fmr has invested 0.02% in Benefitfocus, Inc. (NASDAQ:BNFT). Royal Comml Bank Of Canada holds 0% or 31,143 shares in its portfolio. Blackrock invested in 1.03 million shares. Citigroup holds 1,616 shares. Ameritas Investment Prns Incorporated stated it has 1,395 shares. Bnp Paribas Arbitrage reported 1,878 shares. Parametric Port Associates Lc holds 0% of its portfolio in Benefitfocus, Inc. (NASDAQ:BNFT) for 18,595 shares. Pennsylvania-based Sei Investments has invested 0% in Benefitfocus, Inc. (NASDAQ:BNFT). 71,496 are owned by Great Lakes Advisors Limited Liability. The New York-based Etrade Capital Mgmt Ltd Limited Liability Company has invested 0.01% in Benefitfocus, Inc. (NASDAQ:BNFT). Frontier Cap Co Limited Liability Company has invested 0.31% of its portfolio in Benefitfocus, Inc. (NASDAQ:BNFT). Federated Investors Pa has 108 shares. Bancorp Of Montreal Can reported 0% stake. Moreover, Savings Bank Of America De has 0% invested in Benefitfocus, Inc. (NASDAQ:BNFT) for 49,775 shares.

Investors sentiment decreased to 0.55 in Q3 2017. Its down 0.04, from 0.59 in 2017Q2. It fall, as 9 investors sold IRIX shares while 13 reduced holdings. 6 funds opened positions while 6 raised stakes. 5.63 million shares or 4.16% more from 5.41 million shares in 2017Q2 were reported. Bnp Paribas Arbitrage invested in 0% or 32 shares. Moreover, Wells Fargo And Company Mn has 0% invested in IRIDEX Corporation (NASDAQ:IRIX) for 3,077 shares. Element Mngmt Ltd has 25,780 shares. 37,770 were reported by Geode Management Ltd Limited Liability Company. Ingalls Snyder Limited Liability Co, a New York-based fund reported 25,015 shares. Deutsche Fincl Bank Ag, Germany-based fund reported 26,921 shares. Jpmorgan Chase And reported 0% stake. Acuta Cap Ptnrs Ltd Liability Com has invested 3.36% of its portfolio in IRIDEX Corporation (NASDAQ:IRIX). Renaissance Tech Limited Co holds 0% in IRIDEX Corporation (NASDAQ:IRIX) or 241,900 shares. Thrivent Fincl For Lutherans invested in 0% or 1,934 shares. Paragon Associate & Paragon Associate Ii Joint Venture invested in 1.25M shares. Moreover, Retail Bank Of America Corp De has 0% invested in IRIDEX Corporation (NASDAQ:IRIX). 197,261 are held by Dimensional Fund Advisors Lp. Royal Bancshares Of Canada holds 0% in IRIDEX Corporation (NASDAQ:IRIX) or 2 shares. Bridgeway Capital Inc invested in 0.01% or 67,100 shares.

Analysts await IRIDEX Corporation (NASDAQ:IRIX) to report earnings on March, 14. They expect $-0.21 earnings per share, down 90.91% or $0.10 from last year’s $-0.11 per share. After $-0.27 actual earnings per share reported by IRIDEX Corporation for the previous quarter, Wall Street now forecasts -22.22% EPS growth.

Since December 12, 2017, it had 1 buy, and 0 insider sales for $39,200 activity. MOORE WILLIAM M had bought 5,000 shares worth $39,200.

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