BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives $15.59 Consensus Target Price from Brokerages

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have received an average recommendation of “Buy” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $16.05.

BTSG has been the topic of a number of research analyst reports. BTIG Research increased their price objective 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. The Goldman Sachs Group lowered their price objective on shares of BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Guggenheim increased their price objective on shares of BrightSpring Health Services from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st.

Insiders Place Their Bets

In other BrightSpring Health Services news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On BrightSpring Health Services

Several institutional investors have recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in shares of BrightSpring Health Services in the 2nd quarter worth about $55,000. Ameritas Investment Partners Inc. bought a new stake in BrightSpring Health Services during the 1st quarter valued at about $58,000. California State Teachers Retirement System bought a new stake in BrightSpring Health Services during the 1st quarter valued at about $59,000. The Manufacturers Life Insurance Company lifted its holdings in BrightSpring Health Services by 10.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 117,026 shares of the company’s stock valued at $1,329,000 after buying an additional 10,854 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in BrightSpring Health Services during the 2nd quarter valued at about $126,000.

BrightSpring Health Services Trading Up 0.3 %

Shares of BTSG opened at $14.76 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.00 and a current ratio of 1.33. BrightSpring Health Services has a fifty-two week low of $7.85 and a fifty-two week high of $15.47. The firm’s 50-day simple moving average is $13.10 and its two-hundred day simple moving average is $11.73.

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

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.