Guggenheim Raises BrightSpring Health Services (NASDAQ:BTSG) Price Target to $18.00

BrightSpring Health Services (NASDAQ:BTSG) had its price target increased by Guggenheim from $15.00 to $18.00 in a research report sent to investors on Tuesday, Benzinga reports. Guggenheim currently has a buy rating on the stock.

A number of other analysts have also commented on the company. BTIG Research started coverage on BrightSpring Health Services in a research report on Friday, June 21st. They issued a buy rating and a $15.00 price objective for the company. The Goldman Sachs Group lowered their price objective on BrightSpring Health Services from $21.00 to $18.00 and set a buy rating for the company in a research report on Friday, August 9th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of $16.05.

BrightSpring Health Services Stock Down 0.6 %

Shares of NASDAQ:BTSG opened at $14.72 on Tuesday. BrightSpring Health Services has a twelve month low of $7.85 and a twelve month high of $15.47. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.00 and a current ratio of 1.33. The business has a fifty day moving average of $13.00 and a 200-day moving average of $11.63.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Friday, August 2nd. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 revenue for the quarter was up 26.0% compared to the same quarter last year. Analysts forecast that BrightSpring Health Services will post 0.57 earnings per share for the current fiscal year.

Insider Transactions at BrightSpring Health Services

In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On BrightSpring Health Services

Institutional investors have recently modified their holdings of the business. nVerses Capital LLC bought a new position in shares of BrightSpring Health Services during the 2nd quarter valued at about $55,000. Ameritas Investment Partners Inc. bought a new position in shares of BrightSpring Health Services during the 1st quarter valued at about $58,000. California State Teachers Retirement System bought a new position in shares of BrightSpring Health Services during the 1st quarter valued at about $59,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of BrightSpring Health Services during the 2nd quarter valued at about $126,000. Finally, Arizona State Retirement System bought a new position in shares of BrightSpring Health Services during the 2nd quarter valued at about $163,000.

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.