BrightSpring Health Services (NASDAQ:BTSG) Sets New 1-Year High at $13.22

BrightSpring Health Services, Inc. (NASDAQ:BTSG)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $13.22 and last traded at $13.18, with a volume of 8406 shares traded. The stock had previously closed at $13.06.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. The Goldman Sachs Group cut their price objective on BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, August 9th. BTIG Research assumed coverage on BrightSpring Health Services in a report on Friday, June 21st. They issued a “buy” rating and a $15.00 price objective on the stock. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat, BrightSpring Health Services has an average rating of “Buy” and an average price target of $15.32.

BrightSpring Health Services Stock Down 0.4 %

The company has a quick ratio of 1.00, a current ratio of 1.33 and a debt-to-equity ratio of 1.62. The business has a 50 day moving average price of $11.99 and a 200-day moving average price of $11.02.

BrightSpring Health Services (NASDAQ:BTSG) last posted its earnings results on Friday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.61 billion. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. Equities analysts predict that BrightSpring Health Services, Inc. will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On BrightSpring Health Services

A number of hedge funds have recently bought and sold shares of the business. Kohlberg Kravis Roberts & Co. L.P. acquired a new stake in BrightSpring Health Services during the 1st quarter valued at approximately $884,166,000. 8 Knots Management LLC acquired a new stake in BrightSpring Health Services during the 1st quarter valued at approximately $67,678,000. Vanguard Group Inc. acquired a new stake in BrightSpring Health Services during the 1st quarter valued at approximately $54,638,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in BrightSpring Health Services during the 1st quarter valued at approximately $35,328,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in BrightSpring Health Services during the 1st quarter valued at approximately $16,260,000.

About BrightSpring Health Services

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.