BrightSpring Health Services (NASDAQ:BTSG) Sets New 12-Month High at $13.22

BrightSpring Health Services, Inc. (NASDAQ:BTSG)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $13.22 and last traded at $13.18, with a volume of 8406 shares trading hands. The stock had previously closed at $13.06.

Analyst Ratings Changes

BTSG has been the topic of a number of recent analyst reports. BTIG Research assumed coverage on shares of BrightSpring Health Services in a research report on Friday, June 21st. They issued a “buy” rating and a $15.00 price objective on the stock. The Goldman Sachs Group dropped their price target on shares of BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $15.32.

BrightSpring Health Services Trading Up 2.1 %

The company has a quick ratio of 1.00, a current ratio of 1.33 and a debt-to-equity ratio of 1.62. The stock’s fifty day moving average price is $11.94 and its 200-day moving average price is $10.99.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company’s revenue for the quarter was up 26.0% on a year-over-year basis. As a group, equities analysts forecast that BrightSpring Health Services, Inc. will post 0.57 earnings per share for the current year.

Institutional Trading of BrightSpring Health Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kohlberg Kravis Roberts & Co. L.P. bought a new position in shares of BrightSpring Health Services during the 1st quarter worth approximately $884,166,000. 8 Knots Management LLC purchased a new position in shares of BrightSpring Health Services in the 1st quarter worth about $67,678,000. Vanguard Group Inc. purchased a new position in BrightSpring Health Services in the 1st quarter worth $54,638,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of BrightSpring Health Services in the first quarter worth about $35,328,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in BrightSpring Health Services during the 1st quarter valued at about $16,260,000.

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.