Brokerages Set BrightSpring Health Services, Inc. (NASDAQ:BTSG) PT at $15.85

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have earned a consensus recommendation of “Buy” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have covered the stock in the last year is $15.85.

Several equities analysts recently weighed in on BTSG shares. Bank of America initiated coverage on shares of BrightSpring Health Services in a report on Tuesday, February 20th. They issued a “buy” rating and a $14.00 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of BrightSpring Health Services from a “hold” rating to a “buy” rating and set a $11.50 target price for the company in a research report on Tuesday, February 27th. UBS Group initiated coverage on BrightSpring Health Services in a research report on Tuesday, February 20th. They set a “buy” rating and a $15.00 price target on the stock. Morgan Stanley began coverage on BrightSpring Health Services in a report on Tuesday, February 20th. They issued an “overweight” rating and a $18.00 price objective for the company. Finally, SVB Leerink assumed coverage on BrightSpring Health Services in a report on Tuesday, February 20th. They set an “outperform” rating and a $15.00 target price on the stock.

Insider Activity at BrightSpring Health Services

In related news, CAO Jennifer A. Phipps acquired 12,300 shares of BrightSpring Health Services stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $8.14 per share, for a total transaction 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 approximately $1,348,130.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Jennifer A. Phipps acquired 12,300 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average cost of $8.14 per share, for a total transaction of $100,122.00. Following the acquisition, the chief accounting officer now owns 165,618 shares in the company, valued at approximately $1,348,130.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James F. Mattingly, Jr. bought 12,280 shares of BrightSpring Health Services stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $8.18 per share, with a total value of $100,450.40. Following the acquisition, the insider now directly owns 128,700 shares of the company’s stock, valued at $1,052,766. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 25,580 shares of company stock valued at $212,032.

Institutional Investors Weigh In On BrightSpring Health Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in BTSG. Kohlberg Kravis Roberts & Co. L.P. acquired a new stake in shares of BrightSpring Health Services in the first quarter valued at about $884,166,000. 8 Knots Management LLC purchased a new position in BrightSpring Health Services in the 1st quarter worth approximately $67,678,000. Vanguard Group Inc. acquired a new position in shares of BrightSpring Health Services during the 1st quarter worth approximately $54,638,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of BrightSpring Health Services in the first quarter valued at approximately $35,328,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of BrightSpring Health Services in the first quarter valued at approximately $16,260,000.

BrightSpring Health Services Trading Up 0.6 %

NASDAQ:BTSG opened at $11.55 on Thursday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.26 and a quick ratio of 0.96. BrightSpring Health Services has a 12 month low of $7.85 and a 12 month high of $12.14. The business’s fifty day moving average is $10.93.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings results 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 firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.31 billion. The firm’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) EPS. On average, sell-side analysts predict that BrightSpring Health Services will post 0.59 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.