BrightSpring Health Services (NASDAQ:BTSG) Sets New 12-Month High at $12.80

BrightSpring Health Services, Inc. (NASDAQ:BTSG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $12.80 and last traded at $12.57, with a volume of 18813 shares. The stock had previously closed at $12.57.

Analysts Set New Price Targets

A number of research firms recently issued reports on BTSG. The Goldman Sachs Group lowered their target price on 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. Wells Fargo & Company raised their price target on shares of 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, BTIG Research started coverage on shares of BrightSpring Health Services in a research note on Friday, June 21st. They set a “buy” rating and a $15.00 price target for the company. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $15.32.

BrightSpring Health Services Price Performance

The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.62. The firm has a fifty day moving average price of $11.49 and a 200 day moving average price of $10.84.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.61 billion. BrightSpring Health Services’s quarterly revenue was up 26.0% on a year-over-year basis. On average, sell-side analysts forecast that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On BrightSpring Health Services

Several hedge funds have recently added to or reduced their stakes in BTSG. Seven Grand Managers LLC acquired a new stake in BrightSpring Health Services during the 1st quarter valued at $1,630,000. BNP Paribas Financial Markets bought a new stake in shares of BrightSpring Health Services in the first quarter valued at about $280,000. Capstone Investment Advisors LLC acquired a new position in shares of BrightSpring Health Services in the first quarter valued at about $9,722,000. Vanguard Group Inc. bought a new position in BrightSpring Health Services during the first quarter worth about $54,638,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in BrightSpring Health Services in the 1st quarter worth about $58,000.

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.