BrightSpring Health Services, Inc. (NASDAQ:BTSG) Given Average Rating of “Moderate Buy” by Brokerages

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $16.50.

Several equities research analysts have recently issued reports on the stock. KeyCorp began coverage on shares of BrightSpring Health Services in a research report on Friday, October 11th. They set a “sector weight” rating for the company. Guggenheim lifted their price target on BrightSpring Health Services from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group reduced their price objective on BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, August 9th. UBS Group lifted their target price on BrightSpring Health Services from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, BTIG Research boosted their target price on BrightSpring Health Services from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd.

BrightSpring Health Services Stock Up 15.2 %

BTSG stock opened at $17.25 on Friday. BrightSpring Health Services has a 1-year low of $7.85 and a 1-year high of $17.54. The company has a current ratio of 1.33, a quick ratio of 1.00 and a debt-to-equity ratio of 1.62. The business’s 50-day moving average price is $14.58 and its two-hundred day moving average price is $12.44.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings data on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.72 billion. The company’s revenue was up 28.8% on a year-over-year basis. On average, research analysts expect that BrightSpring Health Services will post 0.57 earnings per share for the current year.

Insider Activity at BrightSpring Health Services

In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On BrightSpring Health Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kohlberg Kravis Roberts & Co. L.P. acquired a new stake in shares of BrightSpring Health Services in the first 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 $67,678,000. Vanguard Group Inc. bought a new position in BrightSpring Health Services during the first quarter worth $54,638,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of BrightSpring Health Services in the first quarter valued at $35,328,000. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of BrightSpring Health Services in the first quarter valued at about $16,260,000.

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.