BrightSpring Health Services, Inc. (NASDAQ:BTSG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $16.79.

Several equities research analysts have issued reports on the company. KeyCorp assumed coverage on BrightSpring Health Services in a research note on Friday, October 11th. They set a “sector weight” rating for the company. UBS Group boosted their price objective on shares of BrightSpring Health Services from $16.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lowered their target price on shares of BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, August 9th. BTIG Research boosted their price target on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Guggenheim increased their price objective on shares of BrightSpring Health Services from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st.

BrightSpring Health Services Price Performance

NASDAQ:BTSG opened at $18.79 on Thursday. BrightSpring Health Services has a 12 month low of $7.85 and a 12 month high of $20.25. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. The stock has a 50 day moving average of $16.14 and a two-hundred day moving average of $13.20. The firm has a market cap of $3.27 billion and a P/E ratio of -72.27.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings data on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.72 billion. BrightSpring Health Services’s quarterly revenue was up 28.8% compared to the same quarter last year. On average, analysts expect that BrightSpring Health Services will post 0.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 14.29 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in BrightSpring Health Services in the 2nd quarter valued at $55,000. Ameritas Investment Partners Inc. acquired a new position in shares of BrightSpring Health Services during the 1st quarter worth approximately $58,000. California State Teachers Retirement System acquired a new stake in shares of BrightSpring Health Services during the first quarter valued at $59,000. Intech Investment Management LLC acquired a new stake in shares of BrightSpring Health Services during the 3rd quarter worth about $159,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in BrightSpring Health Services during the second quarter worth approximately $126,000.

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.