BrightSpring Health Services, Inc. (NASDAQ:BTSG – Get Free Report) shares dropped 4.7% on Tuesday . The company traded as low as $23.03 and last traded at $22.61. Approximately 243,739 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 1,601,323 shares. The stock had previously closed at $23.72.
Wall Street Analyst Weigh In
Several research firms recently weighed in on BTSG. CJS Securities started coverage on BrightSpring Health Services in a report on Thursday, December 12th. They set an “outperform” rating and a $27.00 price objective on the stock. Bank of America upped their price target on BrightSpring Health Services from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Mizuho raised their price objective on BrightSpring Health Services from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. BTIG Research increased their target price on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, KeyCorp assumed coverage on shares of BrightSpring Health Services in a research report on Friday, October 11th. They issued a “sector weight” rating on the stock. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, BrightSpring Health Services presently has a consensus rating of “Moderate Buy” and an average target price of $18.65.
Get Our Latest Analysis on BTSG
BrightSpring Health Services Price Performance
BrightSpring Health Services (NASDAQ:BTSG – Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.72 billion. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. BrightSpring Health Services’s quarterly revenue was up 28.8% on a year-over-year basis. As a group, sell-side analysts forecast that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.
Hedge Funds Weigh In On BrightSpring Health Services
A number of hedge funds have recently bought and sold shares of the company. R Squared Ltd purchased a new position in BrightSpring Health Services during the fourth quarter worth about $74,000. Intech Investment Management LLC purchased a new stake in shares of BrightSpring Health Services during the third quarter valued at approximately $159,000. nVerses Capital LLC lifted its holdings in BrightSpring Health Services by 195.8% during the third quarter. nVerses Capital LLC now owns 14,200 shares of the company’s stock worth $208,000 after acquiring an additional 9,400 shares during the period. American Century Companies Inc. purchased a new position in BrightSpring Health Services in the second quarter worth $216,000. Finally, BNP Paribas Financial Markets grew its stake in BrightSpring Health Services by 5.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company’s stock valued at $313,000 after purchasing an additional 1,011 shares during the period.
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.
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