BrightSpring Health Services (NASDAQ:BTSG) Sees Strong Trading Volume - Time to Buy?

BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) shares saw an uptick in trading volume on Friday . 6,100,226 shares were traded during mid-day trading, an increase of 315% from the previous session's volume of 1,468,685 shares.The stock last traded at $18.54 and had previously closed at $17.94.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BTSG shares. Wells Fargo & Company boosted their price target on shares of BrightSpring Health Services from $17.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. UBS Group boosted their target price on shares of BrightSpring Health Services from $16.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Mizuho raised their price target on shares of BrightSpring Health Services from $17.00 to $20.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. BTIG Research increased their target price on BrightSpring Health Services from $15.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Finally, Bank of America raised their target price on BrightSpring Health Services from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, BrightSpring Health Services presently has a consensus rating of "Moderate Buy" and an average target price of $18.50.

BrightSpring Health Services Stock Up 3.5 %

The business has a 50 day simple moving average of $17.49 and a 200-day simple moving average of $14.07. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. The firm has a market capitalization of $3.23 billion and a price-to-earnings ratio of -71.38.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.72 billion. The business's quarterly revenue was up 28.8% compared to the same quarter last year. On average, equities analysts expect that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new stake in BrightSpring Health Services in the second quarter valued at $55,000. California State Teachers Retirement System acquired a new stake in shares of BrightSpring Health Services during the 1st quarter worth about $59,000. Intech Investment Management LLC purchased a new stake in BrightSpring Health Services in the 3rd quarter valued at about $159,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in BrightSpring Health Services in the second quarter valued at about $126,000. Finally, Arizona State Retirement System purchased a new position in BrightSpring Health Services during the second quarter worth about $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.