BrightSpring Health Services, Inc. (NASDAQ:BTSG) Given Average Rating of “Buy” by Brokerages

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has received an average rating of “Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. Eleven analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $15.85.

BTSG has been the topic of several research reports. The Goldman Sachs Group dropped their price target on BrightSpring Health Services from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Guggenheim began 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. HSBC began coverage on BrightSpring Health Services in a research note on Wednesday, March 6th. They set a “buy” rating and a $13.00 price objective for the company. Bank of America began coverage on BrightSpring Health Services in a research note on Tuesday, February 20th. They set a “buy” rating and a $14.00 price objective for the company. Finally, Jefferies Financial Group began coverage on BrightSpring Health Services in a research note on Tuesday, February 20th. They set a “buy” rating and a $18.00 price objective for the company.

Insider Transactions at BrightSpring Health Services

In other BrightSpring Health Services news, insider James F. Mattingly, Jr. purchased 12,280 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price 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 in the company, valued at approximately $1,052,766. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 price of $8.14 per share, with a total value of $100,122.00. Following the completion of the purchase, the chief accounting officer now directly owns 165,618 shares of the company’s stock, valued at approximately $1,348,130.52. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider James F. Mattingly, Jr. bought 12,280 shares of the firm’s stock in a transaction that occurred 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 purchase, 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.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in BrightSpring Health Services during the first quarter valued at about $280,000. Seven Grand Managers LLC bought a new position in BrightSpring Health Services during the first quarter valued at about $1,630,000. Finally, Capstone Investment Advisors LLC bought a new position in BrightSpring Health Services during the first quarter valued at about $9,722,000.

BrightSpring Health Services Stock Up 1.2 %

Shares of BTSG opened at $11.51 on Friday. The firm has a 50 day simple moving average of $10.12. BrightSpring Health Services has a 52-week low of $7.85 and a 52-week high of $12.14. The company has a current ratio of 1.17, a quick ratio of 0.84 and a debt-to-equity ratio of 5.73.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.12 earnings per share (EPS) 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 analyst estimates of $2.31 billion. The business’s revenue was up 27.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.10) earnings per share. Equities analysts forecast that BrightSpring Health Services will post 0.67 EPS 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.