Brokerages Set BrightSpring Health Services, Inc. (NASDAQ:BTSG) Price Target at $15.75

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have been assigned a consensus rating of “Buy” from the eleven research firms that are covering the company, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued a report on the stock in the last year is $15.85.

A number of equities research analysts recently issued reports on the company. Guggenheim assumed coverage on BrightSpring Health Services in a research note on Tuesday, February 20th. They issued a “buy” rating and a $15.00 price objective on the stock. Jefferies Financial Group started coverage on shares of BrightSpring Health Services in a research report on Tuesday, February 20th. They issued a “buy” rating and a $18.00 price target on the stock. Bank of America started coverage on shares of BrightSpring Health Services in a report on Tuesday, February 20th. They issued a “buy” rating and a $14.00 price objective for the company. The Goldman Sachs Group lowered their target price on shares of BrightSpring Health Services from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Finally, UBS Group began coverage on BrightSpring Health Services in a report on Tuesday, February 20th. They issued a “buy” rating and a $15.00 price target for the company.

BrightSpring Health Services Price Performance

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

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. The firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.31 billion. BrightSpring Health Services’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same period last year, the company posted ($0.10) earnings per share. On average, research analysts predict that BrightSpring Health Services will post 0.67 EPS for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On BrightSpring Health Services

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

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.