Analysts Set BrightSpring Health Services, Inc. (NASDAQ:BTSG) Target Price at $23.56

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has earned an average rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $23.56.

A number of brokerages have recently commented on BTSG. Wells Fargo & Company upped their price objective on shares of BrightSpring Health Services from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. Morgan Stanley raised their price objective on BrightSpring Health Services from $20.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Finally, Mizuho set a $26.00 price objective on BrightSpring Health Services in a research report on Monday, May 5th.

Insider Activity at BrightSpring Health Services

In other news, insider Jon B. Rousseau sold 531,840 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $21.75, for a total transaction of $11,567,520.00. Following the completion of the sale, the insider now owns 1,184,133 shares of the company’s stock, valued at approximately $25,754,892.75. This trade represents a 30.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.40% of the stock is owned by insiders.

Institutional Investors Weigh In On BrightSpring Health Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Teacher Retirement System of Texas boosted its stake in BrightSpring Health Services by 6.8% in the first quarter. Teacher Retirement System of Texas now owns 14,650 shares of the company’s stock worth $265,000 after purchasing an additional 932 shares in the last quarter. Swiss National Bank raised its holdings in shares of BrightSpring Health Services by 0.9% in the first quarter. Swiss National Bank now owns 118,100 shares of the company’s stock valued at $2,136,000 after buying an additional 1,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in BrightSpring Health Services by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,649 shares of the company’s stock worth $522,000 after buying an additional 1,032 shares in the last quarter. Rhumbline Advisers lifted its position in BrightSpring Health Services by 1.5% during the 4th quarter. Rhumbline Advisers now owns 73,583 shares of the company’s stock worth $1,253,000 after buying an additional 1,118 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in BrightSpring Health Services by 4.9% in the 4th quarter. MetLife Investment Management LLC now owns 33,117 shares of the company’s stock valued at $564,000 after acquiring an additional 1,548 shares in the last quarter.

BrightSpring Health Services Stock Down 1.9%

BrightSpring Health Services stock opened at $21.18 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97. The firm has a fifty day moving average price of $20.74 and a two-hundred day moving average price of $19.63. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of -81.46 and a beta of 2.58. BrightSpring Health Services has a fifty-two week low of $10.15 and a fifty-two week high of $25.57.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.10. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.74 billion. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. BrightSpring Health Services’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 earnings per share. As a group, analysts forecast that BrightSpring Health Services will post 0.59 earnings per share for the current year.

About BrightSpring Health Services

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.