BrightSpring Health Services, Inc. (NASDAQ:BTSG – Get Free Report)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $13.00 and last traded at $12.95, with a volume of 173474 shares traded. The stock had previously closed at $12.52.
Analysts Set New Price Targets
Several research firms recently weighed in on BTSG. BTIG Research initiated coverage on BrightSpring Health Services in a research report on Friday, June 21st. They set a “buy” rating and a $15.00 price target on the stock. The Goldman Sachs Group reduced their price target on shares of 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, BrightSpring Health Services presently has a consensus rating of “Buy” and a consensus target price of $15.32.
Get Our Latest Stock Analysis on BTSG
BrightSpring Health Services Trading Down 0.6 %
BrightSpring Health Services (NASDAQ:BTSG – Get Free Report) last announced its earnings results on Friday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.61 billion. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. Research analysts expect that BrightSpring Health Services, Inc. will post 0.57 earnings per share for the current year.
Institutional Trading of BrightSpring Health Services
Several institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new position in BrightSpring Health Services during the second quarter worth $55,000. Ameritas Investment Partners Inc. acquired a new stake in shares of BrightSpring Health Services during the first quarter worth approximately $58,000. California State Teachers Retirement System bought a new position in shares of BrightSpring Health Services in the first quarter valued at approximately $59,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of BrightSpring Health Services in the 2nd quarter worth approximately $126,000. Finally, Arizona State Retirement System bought a new stake in BrightSpring Health Services during the 2nd quarter worth approximately $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.
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