BrightSpring Health Services (NASDAQ:BTSG) Stock Price Up 3.1%

BrightSpring Health Services, Inc. (NASDAQ:BTSG) shot up 3.1% during trading on Monday . The company traded as high as $10.36 and last traded at $10.36. 258,693 shares changed hands during trading, a decline of 89% from the average session volume of 2,370,646 shares. The stock had previously closed at $10.05.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BTSG. SVB Leerink began coverage on BrightSpring Health Services in a research report on Tuesday, February 20th. They set an “outperform” rating and a $15.00 price target on the stock. Guggenheim began coverage on BrightSpring Health Services in a research report on Tuesday, February 20th. They set a “buy” rating and a $15.00 price target on the stock. Bank of America began coverage on BrightSpring Health Services in a research report on Tuesday, February 20th. They set a “buy” rating and a $14.00 price target on the stock. HSBC assumed coverage on BrightSpring Health Services in a research report on Wednesday, March 6th. They set a “buy” rating and a $13.00 price target on the stock. Finally, Jefferies Financial Group began coverage on BrightSpring Health Services in a research report on Tuesday, February 20th. They issued a “buy” rating and a $18.00 target price on the stock. Eleven 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 $15.75.

BrightSpring Health Services Stock Performance

The company has a debt-to-equity ratio of 5.73, a current ratio of 1.17 and a quick ratio of 0.84. The company has a fifty day moving average of $9.96.

BrightSpring Health Services (NASDAQ:BTSG) last posted its earnings results on Thursday, February 29th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.21). The company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.36 billion. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. Analysts anticipate that BrightSpring Health Services, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider James F. Mattingly, Jr. acquired 12,280 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $8.18 per share, with a total value of $100,450.40. Following the acquisition, the insider now directly owns 128,700 shares in the company, valued at approximately $1,052,766. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider James F. Mattingly, Jr. acquired 12,280 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $8.18 per share, with a total value of $100,450.40. Following the acquisition, the insider now directly owns 128,700 shares in the company, valued at approximately $1,052,766. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jennifer A. Phipps acquired 12,300 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $8.14 per share, for a total transaction of $100,122.00. Following the completion of the acquisition, the chief accounting officer now owns 165,618 shares in the company, valued at $1,348,130.52. 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.