BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives $15.75 Average Target Price from Analysts

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have earned a consensus rating of “Buy” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $15.85.

Several research firms recently commented on BTSG. Deutsche Bank Aktiengesellschaft raised BrightSpring Health Services from a “hold” rating to a “buy” rating and set a $11.50 price objective for the company in a research note on Tuesday, February 27th. UBS Group started coverage on shares of BrightSpring Health Services in a research note on Tuesday, February 20th. They set a “buy” rating and a $15.00 price objective for the company. Morgan Stanley initiated coverage on shares of BrightSpring Health Services in a research note on Tuesday, February 20th. They issued an “overweight” rating and a $18.00 target price on the stock. HSBC initiated coverage on BrightSpring Health Services in a research report on Wednesday, March 6th. They issued a “buy” rating and a $13.00 price target for the company. Finally, Leerink Partnrs reiterated an “outperform” rating on shares of BrightSpring Health Services in a research report on Tuesday, February 20th.

Insider Buying and Selling at BrightSpring Health Services

In other news, insider James F. Mattingly, Jr. acquired 12,280 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $8.18 per share, with a total value of $100,450.40. Following the completion of the purchase, the insider now owns 128,700 shares of the company’s stock, valued at approximately $1,052,766. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Jennifer A. Phipps acquired 12,300 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $8.14 per share, with a total value of $100,122.00. Following the transaction, the chief accounting officer now owns 165,618 shares in the company, valued at $1,348,130.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider James F. Mattingly, Jr. bought 12,280 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $8.18 per share, for a total transaction of $100,450.40. Following the acquisition, the insider now directly owns 128,700 shares of the company’s stock, valued at $1,052,766. The disclosure for this purchase can be found here.

Institutional Investors Weigh In On BrightSpring Health Services

Several hedge funds and other institutional investors have recently made changes to their positions in BTSG. BNP Paribas Financial Markets acquired a new stake in shares of BrightSpring Health Services in the first quarter valued at approximately $280,000. Seven Grand Managers LLC acquired a new position in BrightSpring Health Services in the first quarter valued at $1,630,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of BrightSpring Health Services in the first quarter valued at about $9,722,000.

BrightSpring Health Services Stock Performance

BTSG opened at $11.48 on Friday. BrightSpring Health Services has a twelve month low of $7.85 and a twelve month high of $12.14. The stock’s 50-day moving average is $10.03. The company has a debt-to-equity ratio of 5.73, a current ratio of 1.17 and a quick ratio of 0.84.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Thursday, May 2nd. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.31 billion. BrightSpring Health Services’s revenue was up 27.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.10) EPS. As a group, equities analysts forecast that BrightSpring Health Services will post 0.67 EPS for the current fiscal year.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.