Bright Health Group (BHG) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bright Health Group in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" BHG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BHG, but not buy additional shares or sell existing shares.
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4 Wall Street research analysts have issued twelve-month price objectives for Bright Health Group's shares. Their BHG share price forecasts range from $80.00 to $240.00. On average, they predict the company's share price to reach $138.67 in the next year. This suggests a possible upside of 1,078.1% from the stock's current price.
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Bright Health Group's stock was trading at $51.9920 at the start of the year. Since then, BHG shares have decreased by 77.4% and is now trading at $11.77.
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Bright Health Group saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 156,500 shares, a decrease of 99.0% from the April 30th total of 15,800,000 shares. Based on an average trading volume of 80,600 shares, the short-interest ratio is currently 1.9 days. Approximately 6.0% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
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Bright Health Group, Inc. (NYSE:BHG) announced its quarterly earnings results on Tuesday, May, 9th. The company reported ($14.40) earnings per share for the quarter, missing analysts' consensus estimates of ($8.80) by $5.60. The business had revenue of $756.34 million for the quarter, compared to the consensus estimate of $773.19 million. Bright Health Group had a negative net margin of 31.78% and a negative trailing twelve-month return on equity of 617.31%.

Shares of Bright Health Group reverse split before market open on Friday, May 19th 2023. The 1-80 reverse split was announced on Friday, May 19th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Friday, May 19th 2023. An investor that had 100 shares of stock prior to the reverse split would have 1 shares after the split.

Bright Health Group issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.90 billion-$3.10 billion, compared to the consensus revenue estimate of $3.00 billion.

(BHG) raised $1.3 billion in an IPO on Thursday, June 24th 2021. The company issued 60,000,000 shares at $20.00-$23.00 per share. J.P. Morgan, Goldman Sachs, Morgan Stanley and Barclays acted as the underwriters for the IPO and BofA Securities, Citigroup, Piper Sandler, Nomura and RBC Capital Markets were co-managers.

Bright Health Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "BHG."

Bright Health Group's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (2.33%), State Street Corp (0.92%), Geode Capital Management LLC (0.64%), Renaissance Technologies LLC (0.58%), Legacy Wealth Asset Management LLC (0.38%) and Bank of New York Mellon Corp (0.10%). Insiders that own company stock include Adair Newhall, Cathy R Smith, George Lawrence Mikan III, Jeffery Michael Craig, Jeffrey J Scherman, Jeffrey R Immelt, Manuel Kadre, Peter W Sonsini and Scott D Sandell.
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Shares of BHG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BHG stock can currently be purchased for approximately $11.77.

Bright Health Group (NYSE:BHG) has a market capitalization of $93.57 million and generates $2.41 billion in revenue each year. The company earns $-1,455,540,000.00 in net income (profit) each year or ($188.00) on an earnings per share basis.

The company employs 3,203 workers across the globe.

The official website for the company is www.brighthealthcare.com. The company can be reached via phone at 612-238-1321 or via email at ir@brighthealthgroup.com.