BrightSpring Health Services (NASDAQ:BTSG) Trading Up 4.4%

BrightSpring Health Services, Inc. (NASDAQ:BTSG)’s stock price shot up 4.4% on Thursday . The stock traded as high as $10.62 and last traded at $10.61. 81,311 shares changed hands during trading, a decline of 97% from the average session volume of 2,558,609 shares. The stock had previously closed at $10.16.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BTSG. Wells Fargo & Company started coverage on BrightSpring Health Services in a research report on Tuesday, February 20th. They set an “overweight” rating and a $15.00 price target on the stock. The Goldman Sachs Group lowered their target price on BrightSpring Health Services from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Deutsche Bank Aktiengesellschaft upgraded BrightSpring Health Services from a “hold” rating to a “buy” rating and set a $11.50 target price on the stock in a research note on Tuesday, February 27th. Leerink Partnrs restated an “outperform” rating on shares of BrightSpring Health Services in a research note on Tuesday, February 20th. Finally, UBS Group started coverage on BrightSpring Health Services in a research note on Tuesday, February 20th. They set a “buy” rating and a $15.00 price target for the company. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, BrightSpring Health Services has a consensus rating of “Buy” and a consensus target price of $15.75.

BrightSpring Health Services Price Performance

The business’s 50 day moving average is $9.99.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.21). The business had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.36 billion. The firm’s revenue was up 20.5% on a year-over-year basis. As a group, equities analysts forecast that BrightSpring Health Services, Inc. will post 0.72 earnings per share for the current year.

Insider Buying and Selling at BrightSpring Health Services

In related news, insider James F. Mattingly, Jr. bought 12,280 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $8.18 per share, with a total value of $100,450.40. Following the acquisition, the insider now owns 128,700 shares in the company, valued at approximately $1,052,766. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider James F. Mattingly, Jr. bought 12,280 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $8.18 per share, with a total value of $100,450.40. Following the acquisition, the insider now owns 128,700 shares in the company, valued at approximately $1,052,766. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer A. Phipps bought 12,300 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $8.14 per share, with a total value of $100,122.00. Following the completion of the acquisition, the chief accounting officer now owns 165,618 shares in the company, valued at approximately $1,348,130.52. The disclosure for this purchase can be found here.

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.