Analysts Set BrightSpring Health Services, Inc. (NASDAQ:BTSG) PT at $15.75

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has been given a consensus rating of “Buy” by the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $15.85.

Several research analysts have recently weighed in on BTSG shares. Morgan Stanley initiated coverage on shares of BrightSpring Health Services in a report on Tuesday, February 20th. They issued an “overweight” rating and a $18.00 price target for the company. Deutsche Bank Aktiengesellschaft upgraded BrightSpring Health Services from a “hold” rating to a “buy” rating and set a $11.50 target price for the company in a report on Tuesday, February 27th. Leerink Partnrs restated an “outperform” rating on shares of BrightSpring Health Services in a report on Tuesday, February 20th. UBS Group began coverage on BrightSpring Health Services in a report on Tuesday, February 20th. They set a “buy” rating and a $15.00 price objective for the company. Finally, Jefferies Financial Group began coverage on BrightSpring Health Services in a research note on Tuesday, February 20th. They issued a “buy” rating and a $18.00 target price on the stock.

Insider Activity

In other news, CAO Jennifer A. Phipps bought 12,300 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $8.14 per share, with a total value of $100,122.00. Following the completion of the purchase, the chief accounting officer now owns 165,618 shares of the company’s stock, valued at $1,348,130.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider James F. Mattingly, Jr. bought 12,280 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $8.18 per share, with a total value of $100,450.40. Following the completion of the purchase, the insider now owns 128,700 shares of the company’s stock, valued at $1,052,766. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer A. Phipps acquired 12,300 shares of BrightSpring Health Services stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $8.14 per share, with a total value of $100,122.00. Following the completion of the transaction, the chief accounting officer now owns 165,618 shares of the company’s stock, valued at $1,348,130.52. The disclosure for this purchase can be found here.

Hedge Funds Weigh In On BrightSpring Health Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BTSG. Seven Grand Managers LLC bought a new position in BrightSpring Health Services during the first quarter worth $1,630,000. BNP Paribas Financial Markets bought a new position in BrightSpring Health Services during the first quarter worth $280,000. Finally, Capstone Investment Advisors LLC bought a new position in BrightSpring Health Services during the first quarter worth $9,722,000.

BrightSpring Health Services Trading Up 1.2 %

BTSG stock opened at $11.51 on Friday. BrightSpring Health Services has a 1-year low of $7.85 and a 1-year high of $12.14. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.84 and a current ratio of 1.17. The business’s 50-day simple moving average is $10.12.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the firm earned ($0.10) EPS. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. As a group, analysts expect that BrightSpring Health Services will post 0.67 earnings per share 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.