The stock of Bright Health Group Inc. (NYSE:BHG) last traded at $0.21, up 2.05% from the previous session.
Data from the available sources indicates that Bright Health Group Inc. (NYSE:BHG) is covered by 6 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $0.50, we find $1.00. Given the previous closing price of $0.21, this indicates a potential upside of 376.19 percent. BHG stock price is now -68.35% away from the 50-day moving average and -81.53% away from the 200-day moving average. The market capitalization of the company currently stands at $145.18M.
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In total, 3 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $1.50 as their price target over the next twelve months.
, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’.
In other news, Mikan George Lawrence III, CEO & President sold 394,896 shares of the company’s stock on Mar 13. The stock was sold for $157,958 at an average price of $0.40. Upon completion of the transaction, the CEO & President now directly owns 210,318 shares in the company, valued at $44166.78. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13, CFO & CAO Smith Cathy R sold 114,173 shares of the business’s stock. A total of $45,669 was realized by selling the stock at an average price of $0.40. This leaves the insider owning 289,157 shares of the company worth $60722.97. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BHG stock. A new stake in Bright Health Group Inc. shares was purchased by PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. during the first quarter worth $224,000. ENVESTNET ASSET MANAGEMENT INC invested $121,000 in shares of BHG during the first quarter. In the first quarter, AIRE ADVISORS, LLC acquired a new stake in Bright Health Group Inc. valued at approximately $24,000. MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD. acquired a new stake in BHG for approximately $13,000. BALYASNY ASSET MANAGEMENT LLC purchased a new stake in BHG valued at around $7,000 in the second quarter. In total, there are 167 active investors with 72.20% ownership of the company’s stock.
With an opening price of $0.2108 on Wednesday morning, Bright Health Group Inc. (NYSE: BHG) set off the trading day. During the past 12 months, Bright Health Group Inc. has had a low of $0.21 and a high of $2.40. The fifty day moving average price for BHG is $0.6447 and a two-hundred day moving average price translates $1.1261 for the stock.
The latest earnings results from Bright Health Group Inc. (NYSE: BHG) was released for Sep, 2022. According to the Healthcare Plans Company, earnings per share came in at -$0.5, missing analysts’ expectations of -$0.36 by -0.14. This compares to $0.08 EPS in the same period last year. The net profit margin was -62.00% and return on equity was -330.90% for BHG. The company reported revenue of $-2.63 billion for the quarter, compared to $-1.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 69.4 percent. For the current quarter, analysts expect BHG to generate $1.73B in revenue.
Bright Health Group Inc.(BHG) Company Profile
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. As of December 31, 2021, it worked with approximately 260,000 care provider partners; and operated 180 managed and affiliated risk-bearing clinics within its integrated care delivery system, which included embedded pharmacy, laboratory, radiology, and population health focused specialty services. The Bright HealthCare segment offers commercial and medicare health plan products to consumers in 14 states and 99 markets. The company was formerly known as Bright Health Inc. and changed its name to Bright Health Group, Inc. in February 2021. Bright Health Group, Inc. was incorporated in 2015 and is headquartered in Minneapolis, Minnesota.
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