BrightSpring Health Services (NASDAQ:BTSG) Trading 3.1% Higher

BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report)'s share price was up 3.1% during trading on Monday . The stock traded as high as $10.36 and last traded at $10.36. Approximately 258,693 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 2,370,646 shares. The stock had previously closed at $10.05.

Analyst Ratings Changes

Several research firms have recently weighed in on BTSG. Jefferies Financial Group began coverage on shares of BrightSpring Health Services in a report on Tuesday, February 20th. They issued a "buy" rating and a $18.00 price target on the stock. HSBC began coverage on shares of BrightSpring Health Services in a report on Wednesday, March 6th. They issued a "buy" rating and a $13.00 target price on the stock. Wells Fargo & Company assumed coverage on shares of BrightSpring Health Services in a research note on Tuesday, February 20th. They set an "overweight" rating and a $15.00 target price on the stock. Bank of America began coverage on shares of BrightSpring Health Services in a report on Tuesday, February 20th. They issued a "buy" rating and a $14.00 target price on the stock. Finally, The Goldman Sachs Group lowered their price target on shares of BrightSpring Health Services from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Monday, March 4th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $15.75.

BrightSpring Health Services Stock Up 3.4 %

The company's fifty day moving average price is $9.98. The company has a current ratio of 1.17, a quick ratio of 0.84 and a debt-to-equity ratio of 5.73.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.21). The company had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.36 billion. The business's revenue was up 20.5% compared to the same quarter last year. As a group, analysts forecast that BrightSpring Health Services, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Activity at BrightSpring Health Services

In other news, insider James F. Mattingly, Jr. acquired 12,280 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of $8.18 per share, for a total transaction of $100,450.40. Following the completion of the purchase, the insider now directly owns 128,700 shares of the company's stock, valued at approximately $1,052,766. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Jennifer A. Phipps acquired 12,300 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $8.14 per share, for a total transaction of $100,122.00. Following the completion of the purchase, the chief accounting officer now directly owns 165,618 shares in the company, valued at $1,348,130.52. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider James F. Mattingly, Jr. acquired 12,280 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $8.18 per share, for a total transaction of $100,450.40. Following the completion of the purchase, the insider now owns 128,700 shares of the company's stock, valued at $1,052,766. The disclosure for this purchase can be found here.

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.