BrightSpring Health Services (NASDAQ:BTSG) Trading Down 2.8%

BrightSpring Health Services, Inc. (NASDAQ:BTSG)’s stock price dropped 2.8% during mid-day trading on Thursday . The company traded as low as $10.49 and last traded at $10.49. Approximately 27,465 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 1,668,851 shares. The stock had previously closed at $10.79.

Analyst Upgrades and Downgrades

BTSG has been the topic of a number of research analyst reports. HSBC initiated coverage on BrightSpring Health Services in a research note on Wednesday, March 6th. They issued a “buy” rating and a $13.00 price target on the stock. BTIG Research initiated coverage on BrightSpring Health Services in a research note on Friday, June 21st. They issued a “buy” rating and a $15.00 price target on the stock. Wells Fargo & Company raised their price target on BrightSpring Health Services from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Finally, The Goldman Sachs Group cut their price objective on BrightSpring Health Services from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $15.77.

BrightSpring Health Services Trading Up 5.0 %

The company has a debt-to-equity ratio of 1.62, a current ratio of 1.26 and a quick ratio of 0.96. The firm’s fifty day moving average price is $11.07.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.06. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. BrightSpring Health Services’s revenue for the quarter was up 27.0% compared to the same quarter last year. As a group, research analysts predict that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Kohlberg Kravis Roberts & Co. L.P. bought a new position in BrightSpring Health Services during the 1st quarter worth $884,166,000. 8 Knots Management LLC acquired a new position in BrightSpring Health Services during the 1st quarter worth $67,678,000. Vanguard Group Inc. acquired a new position in BrightSpring Health Services during the 1st quarter worth $54,638,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in BrightSpring Health Services during the 1st quarter worth $35,328,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in BrightSpring Health Services during the 1st quarter worth $16,260,000.

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.