First, why it's dropping? Is something wrong with it?
Or is it just facing a storm of circumstance, but is otherwise sound? If the latter, then the second question comes into play.
Has this stock hit bottom? Lately, some of these analysts have been tapping several apparent down-and-out equities as prime candidates for strong gains.
Employers, insurance brokers, health plans, and retail partnerships all offer benefits to consumers of various stripes — and Benefitfocus offers a tech solution to make benefit administration easy. The company offers a software platform specifically deed to handle the HR and data aspects of benefits programs, from enrollment to waffle.
This niche can be a two-edged sword, however. In good times, with benefit programs swinging, everyone will want in — but in bad times, Benefitfocus has found itself unable to regain traction. At the same time, there were positive developments.
Lincoln Financial Group and PayActive ed Benefitfocus as catalog suppliers, and the company held its first open enrollment with the University of Texas system. These quarterly came as Benefitfocus brought in new management.
These are major moves, that portend a new outlook at the top. SaaS offerings are an area of focus, going head first into the B2B2C channel while de-emphasizing the direct to consumer business. Health of this customer base continues to trend above expectations, with a positive benefit fromgig workers, increasing net eligible lives 8.
OEP hiuse into this positive narrative, as mgmt is happy with progress thus far, seeing continued strength as the selling season progresses. The stock has a Strong Buy consensus rating, based on 3 Buy reviews and 1 Hold.
This company offers customers a free smartphone app for social posting and instant messaging, and monetizes the service through the usual routs of third-party services and paid subscriptions for upgrades. Revenue and earnings peaked in 4Q19, as the corona virus started to break out — and its has yet to recover.
It is hoped that the new blood will bring new energy at the top. Leo Chiang, of Deutsche Bank, acknowledges that Momo is in a tight spot, but believes the company can chart a course out.
The process has begun nouse early August and management expects it to last for 6 months. Disclaimer: The opinions expressed in this article are solely those of the featured analysts.
The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.