Brokerages Set BrightSpring Health Services, Inc. (NASDAQ:BTSG) Target Price at $16.05

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $16.50.

A number of research analysts have issued reports on BTSG shares. Guggenheim increased their target price on shares of BrightSpring Health Services from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. UBS Group raised their price objective on BrightSpring Health Services from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group cut 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. BTIG Research raised their price target on BrightSpring Health Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, KeyCorp started coverage on shares of BrightSpring Health Services in a research report on Friday, October 11th. They set a “sector weight” rating for the company.

Insider Activity at BrightSpring Health Services

In other BrightSpring Health Services news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of BrightSpring Health Services stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On BrightSpring Health Services

A number of hedge funds have recently modified their holdings of BTSG. Assenagon Asset Management S.A. acquired a new stake in BrightSpring Health Services in the third quarter valued at $1,822,000. nVerses Capital LLC grew its position in shares of BrightSpring Health Services by 195.8% in the 3rd quarter. nVerses Capital LLC now owns 14,200 shares of the company’s stock valued at $208,000 after buying an additional 9,400 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of BrightSpring Health Services in the third quarter valued at about $360,000. The Manufacturers Life Insurance Company raised its position in shares of BrightSpring Health Services by 10.2% during the second quarter. The Manufacturers Life Insurance Company now owns 117,026 shares of the company’s stock worth $1,329,000 after acquiring an additional 10,854 shares during the last quarter. Finally, Magnetar Financial LLC lifted its stake in shares of BrightSpring Health Services by 46.9% in the second quarter. Magnetar Financial LLC now owns 1,188,302 shares of the company’s stock worth $13,499,000 after acquiring an additional 379,149 shares during the period.

BrightSpring Health Services Stock Up 15.2 %

BTSG opened at $17.25 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.00 and a current ratio of 1.33. The business has a fifty day simple moving average of $14.58 and a 200 day simple moving average of $12.44. BrightSpring Health Services has a 1 year low of $7.85 and a 1 year high of $17.54.

BrightSpring Health Services (NASDAQ:BTSG) last posted its earnings results on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.72 billion. BrightSpring Health Services’s quarterly revenue was up 28.8% on a year-over-year basis. Equities analysts anticipate that BrightSpring Health Services will post 0.57 earnings per share for the current fiscal 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.