BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives $16.79 Average PT from Analysts

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $16.79.

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

Insider Activity at BrightSpring Health Services

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 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 purchase, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 14.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Institutional Trading of BrightSpring Health Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTSG. Silvercrest Asset Management Group LLC acquired a new stake in BrightSpring Health Services in the 1st quarter valued at $14,179,000. Price T Rowe Associates Inc. MD bought a new position in shares of BrightSpring Health Services during the first quarter valued at $16,260,000. L & S Advisors Inc acquired a new stake in shares of BrightSpring Health Services in the 3rd quarter valued at $1,247,000. TD Asset Management Inc bought a new stake in shares of BrightSpring Health Services in the 2nd quarter worth about $2,308,000. Finally, Magnetar Financial LLC increased its position in shares of BrightSpring Health Services by 46.9% during the 2nd quarter. Magnetar Financial LLC now owns 1,188,302 shares of the company’s stock worth $13,499,000 after purchasing an additional 379,149 shares in the last quarter.

BrightSpring Health Services Stock Up 1.5 %

BrightSpring Health Services stock opened at $19.03 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. BrightSpring Health Services has a 1-year low of $7.85 and a 1-year high of $20.25. The firm’s fifty day simple moving average is $16.33 and its 200-day simple moving average is $13.31. The company has a market capitalization of $3.31 billion and a P/E ratio of -73.19.

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