Q1 2022 EPS Estimates for Bright Health Group, Inc. Lowered by Piper Sandler (NYSE:BHG)

Bright Health Group, Inc. (NYSE:BHG) – Analysts at Piper Sandler decreased their Q1 2022 EPS estimates for Bright Health Group in a research note issued to investors on Tuesday, January 11th. Piper Sandler analyst J. Garro now anticipates that the company will earn ($0.17) per share for the quarter, down from their previous forecast of ($0.15). Piper Sandler currently has a “Overweight” rating and a $10.00 target price on the stock. Piper Sandler also issued estimates for Bright Health Group’s Q2 2022 earnings at ($0.20) EPS, Q3 2022 earnings at ($0.23) EPS, FY2024 earnings at ($0.19) EPS and FY2025 earnings at ($0.16) EPS.

A number of other research analysts have also recently issued reports on BHG. Zacks Investment Research upgraded Bright Health Group from a “sell” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. raised Bright Health Group from a “neutral” rating to an “overweight” rating and set a $6.00 target price for the company in a report on Friday, December 10th. They noted that the move was a valuation call. Cowen lowered Bright Health Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $14.00 to $9.00 in a report on Tuesday, November 2nd. Citigroup lowered Bright Health Group from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a report on Monday, November 1st. Finally, The Goldman Sachs Group initiated coverage on Bright Health Group in a report on Tuesday, December 14th. They issued a “neutral” rating and a $5.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bright Health Group has an average rating of “Hold” and a consensus target price of $9.68.

Shares of NYSE:BHG opened at $3.00 on Friday. The company’s fifty day moving average is $3.95. Bright Health Group has a 12-month low of $2.82 and a 12-month high of $17.93.

Bright Health Group (NYSE:BHG) last announced its quarterly earnings data on Wednesday, November 10th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.31). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion.

A number of large investors have recently added to or reduced their stakes in BHG. StepStone Group LP bought a new stake in Bright Health Group during the third quarter valued at about $364,352,000. Greenspring Associates LLC bought a new stake in Bright Health Group during the second quarter valued at about $748,106,000. Price T Rowe Associates Inc. MD bought a new stake in Bright Health Group during the second quarter valued at about $353,388,000. Capital International Investors purchased a new position in shares of Bright Health Group in the second quarter valued at about $176,147,000. Finally, Blackstone Inc purchased a new position in shares of Bright Health Group in the second quarter valued at about $116,230,000. 65.22% of the stock is owned by institutional investors and hedge funds.

In other news, Director Manuel Kadre acquired 120,000 shares of the business’s stock in a transaction that occurred on Friday, December 10th. The stock was bought at an average price of $4.43 per share, with a total value of $531,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Bright Health Group Company Profile

Bright Health Group, Inc, an integrated care delivery company, engages in the delivery and financing of health insurance plans in the United States. It operates in two segments, NeueHealth and Bright HealthCare. The company offers individual and family, Medicare, and employers insurance plans. It also operates 28 managed and affiliated risk-bearing primary care clinics.

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Earnings History and Estimates for Bright Health Group (NYSE:BHG)

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