BrightSpring Health Services (NASDAQ:BTSG) Sets New 1-Year High at $13.22

BrightSpring Health Services, Inc. (NASDAQ:BTSG) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $13.22 and last traded at $13.18, with a volume of 8406 shares. The stock had previously closed at $13.06.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BTSG shares. BTIG Research started coverage on BrightSpring Health Services in a research report on Friday, June 21st. They issued a “buy” rating and a $15.00 target price for the company. The Goldman Sachs Group decreased their target price 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. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat.com, BrightSpring Health Services presently has an average rating of “Buy” and a consensus target price of $15.32.

BrightSpring Health Services Stock Performance

The company has a debt-to-equity ratio of 1.62, a current ratio of 1.33 and a quick ratio of 1.00. The firm has a fifty day moving average of $11.99 and a 200-day moving average of $11.02.

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

Institutional Trading of BrightSpring Health Services

Hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new stake in BrightSpring Health Services during the 2nd quarter valued at $55,000. Ameritas Investment Partners Inc. bought a new stake in BrightSpring Health Services during the 1st quarter valued at $58,000. California State Teachers Retirement System bought a new stake in BrightSpring Health Services during the 1st quarter valued at $59,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in BrightSpring Health Services during the 2nd quarter valued at $126,000. Finally, Arizona State Retirement System bought a new stake in BrightSpring Health Services during the 2nd quarter valued at $163,000.

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.