Bright Health Group, Inc. (NYSE:BHG – Get Rating) has earned a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $5.28.
A number of equities analysts have weighed in on BHG shares. Cowen cut their price target on shares of Bright Health Group from $6.00 to $3.00 in a research note on Thursday, March 3rd. Morgan Stanley cut their target price on shares of Bright Health Group from $4.00 to $2.00 and set an “underweight” rating on the stock in a research note on Thursday, March 3rd. Royal Bank of Canada downgraded shares of Bright Health Group from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $9.00 to $3.00 in a research note on Friday, March 4th. Barclays cut their target price on shares of Bright Health Group from $5.50 to $4.00 and set an “overweight” rating on the stock in a research note on Thursday, March 3rd. Finally, The Goldman Sachs Group dropped their price target on shares of Bright Health Group from $5.00 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, March 3rd.
In other Bright Health Group news, Director Manuel Kadre purchased 100,000 shares of the firm’s stock in a transaction dated Friday, March 4th. The stock was acquired at an average cost of $2.09 per share, with a total value of $209,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of NYSE BHG opened at $1.80 on Wednesday. Bright Health Group has a 1 year low of $1.71 and a 1 year high of $17.93. The firm’s 50 day moving average price is $2.15 and its 200 day moving average price is $3.59.
Bright Health Group (NYSE:BHG – Get Rating) last posted its quarterly earnings results on Wednesday, March 2nd. The company reported ($1.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.50) by ($0.79). The business had revenue of $962.30 million for the quarter, compared to the consensus estimate of $1.08 billion. The company’s quarterly revenue was up 167.5% on a year-over-year basis. Sell-side analysts anticipate that Bright Health Group will post -1.35 earnings per share for the current year.
About Bright Health Group (Get Rating)
Bright Health Group, Inc, a healthcare company, provides health insurance policies in the United States. It operates in two segments, NeueHealth and Bright HealthCare. The NeueHealth segment delivers virtual and in-person clinical care services to patients under contracts through its owned and affiliated primary care clinics.
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