BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives $16.79 Consensus Price Target from Analysts

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $16.79.

A number of equities analysts recently issued reports on BTSG shares. The Goldman Sachs Group dropped their target price 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. BTIG Research boosted their price objective on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Mizuho increased their target price on shares of BrightSpring Health Services from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. UBS Group lifted their target price on BrightSpring Health Services from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Guggenheim upped their price target on BrightSpring Health Services from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, October 1st.

Insider Transactions at BrightSpring Health Services

In other BrightSpring Health Services news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 14.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Investors Weigh In On BrightSpring Health Services

Several hedge funds have recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at $55,000. Ameritas Investment Partners Inc. acquired a new stake in shares of BrightSpring Health Services in the 1st quarter valued at about $58,000. California State Teachers Retirement System acquired a new position in shares of BrightSpring Health Services during the first quarter worth about $59,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of BrightSpring Health Services during the second quarter worth about $126,000. Finally, Intech Investment Management LLC bought a new position in shares of BrightSpring Health Services during the third quarter worth about $159,000.

BrightSpring Health Services Price Performance

NASDAQ BTSG opened at $18.75 on Thursday. BrightSpring Health Services has a 1 year low of $7.85 and a 1 year high of $20.25. The company has a fifty day simple moving average of $16.33 and a 200 day simple moving average of $13.29. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. The company has a market cap of $3.26 billion and a P/E ratio of -72.12.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings results on Friday, November 1st. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.72 billion. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The business’s revenue for the quarter was up 28.8% compared to the same quarter last year. On average, sell-side analysts predict that BrightSpring Health Services will post 0.59 EPS for the current year.

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.