Analysts Set BrightSpring Health Services, Inc. (NASDAQ:BTSG) Target Price at $15.75

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have been given an average rating of “Buy” by the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is $15.75.

Several equities research analysts recently weighed in on BTSG shares. HSBC started coverage on shares of BrightSpring Health Services in a research report on Wednesday, March 6th. They set a “buy” rating and a $13.00 price target for the company. Leerink Partnrs reissued an “outperform” rating on shares of BrightSpring Health Services in a research report on Tuesday, February 20th. Guggenheim started coverage on shares of BrightSpring Health Services in a research report on Tuesday, February 20th. They set a “buy” rating and a $15.00 price target for the company. UBS Group started coverage on shares of BrightSpring Health Services in a research report on Tuesday, February 20th. They set a “buy” rating and a $15.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of BrightSpring Health Services from a “hold” rating to a “buy” rating and set a $11.50 price target for the company in a research report on Tuesday, February 27th.

Insiders Place Their Bets

In other BrightSpring Health Services news, insider James F. Mattingly, Jr. purchased 12,280 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $8.18 per share, for a total transaction of $100,450.40. Following the purchase, the insider now directly owns 128,700 shares of the company’s stock, valued at approximately $1,052,766. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other BrightSpring Health Services news, CAO Jennifer A. Phipps purchased 12,300 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $8.14 per share, for a total transaction of $100,122.00. Following 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 legal filing with the SEC, which is available through the SEC website. Also, insider James F. Mattingly, Jr. bought 12,280 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $8.18 per share, with a total value of $100,450.40. Following the acquisition, the insider now directly owns 128,700 shares in the company, valued at approximately $1,052,766. The disclosure for this purchase can be found here.

BrightSpring Health Services Stock Up 1.7 %

Shares of NASDAQ BTSG opened at $10.57 on Wednesday. BrightSpring Health Services has a fifty-two week low of $7.85 and a fifty-two week high of $12.14. The firm’s 50 day simple moving average is $9.96. The company has a quick ratio of 0.84, a current ratio of 1.17 and a debt-to-equity ratio of 5.73.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Thursday, February 29th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.21). The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.36 billion. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. Analysts predict that BrightSpring Health Services will post 0.72 earnings per share for the current fiscal 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.