BrightSpring Health Services (NASDAQ:BTSG) Trading Up 4.4%

BrightSpring Health Services, Inc. (NASDAQ:BTSG)’s share price was up 4.4% during trading on Thursday . The stock traded as high as $10.62 and last traded at $10.61. Approximately 81,311 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 2,558,609 shares. The stock had previously closed at $10.16.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BTSG shares. Bank of America started coverage on BrightSpring Health Services in a research report on Tuesday, February 20th. They issued a “buy” rating and a $14.00 target price on the stock. Jefferies Financial Group initiated coverage on BrightSpring Health Services in a research report on Tuesday, February 20th. They set a “buy” rating and a $18.00 price target on the stock. Guggenheim initiated coverage on shares of BrightSpring Health Services in a report on Tuesday, February 20th. They issued a “buy” rating and a $15.00 price target on the stock. UBS Group initiated coverage on shares of BrightSpring Health Services in a report on Tuesday, February 20th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft raised BrightSpring Health Services from a “hold” rating to a “buy” rating and set a $11.50 target price on the stock in a research note on Tuesday, February 27th. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $15.75.

BrightSpring Health Services Stock Performance

The company’s 50 day moving average is $9.99.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.21). The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.36 billion. The business’s revenue was up 20.5% compared to the same quarter last year. Analysts anticipate that BrightSpring Health Services, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Transactions at BrightSpring Health Services

In related news, CAO Jennifer A. Phipps acquired 12,300 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $8.14 per share, for a total transaction of $100,122.00. Following the completion of the purchase, the chief accounting officer now directly owns 165,618 shares in the company, valued at $1,348,130.52. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other BrightSpring Health Services news, CAO Jennifer A. Phipps acquired 12,300 shares of BrightSpring Health Services stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of $8.14 per share, with a total value of $100,122.00. Following the purchase, the chief accounting officer now owns 165,618 shares in the company, valued at $1,348,130.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 purchased at an average price of $8.18 per share, for a total transaction of $100,450.40. Following the acquisition, the insider now directly owns 128,700 shares in the company, valued at $1,052,766. The disclosure for this purchase can be found here.

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.