Fintel reports that on June 30, 2023, Nephron Research upgraded their outlook for Bright Health Group (NYSE:BHG) from Hold to Buy .
Analyst Price Forecast Suggests 864.08% Upside
As of June 2, 2023, the average one-year price target for Bright Health Group is 117.81. The forecasts range from a low of 13.13 to a high of $336.00. The average price target represents an increase of 864.08% from its latest reported closing price of 12.22.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Bright Health Group is 3,130MM, an increase of 22.50%. The projected annual non-GAAP EPS is -0.31.
What is the Fund Sentiment?
There are 211 funds or institutions reporting positions in Bright Health Group. This is a decrease of 15 owner(s) or 6.64% in the last quarter. Average portfolio weight of all funds dedicated to BHG is 0.06%, a decrease of 54.63%. Total shares owned by institutions decreased in the last three months by 0.37% to 459,914K shares. 
The put/call ratio of BHG is 0.02, indicating a bullish outlook.
What are Other Shareholders Doing?
NEA Management Company holds 218,154K shares representing 2,754.36% ownership of the company. No change in the last quarter.
Deer Management Co. holds 79,938K shares representing 1,009.28% ownership of the company. No change in the last quarter.
StepStone Group holds 42,020K shares representing 530.54% ownership of the company. In it's prior filing, the firm reported owning 42,022K shares, representing a decrease of 0.00%. The firm decreased its portfolio allocation in BHG by 51.80% over the last quarter.
Redpoint Management holds 15,170K shares representing 191.53% ownership of the company. No change in the last quarter.
Greycroft holds 11,068K shares representing 139.74% ownership of the company. No change in the last quarter.
Bright Health Group Background Information
(This description is provided by the company.)
Bright Health Group is built upon the belief that by aligning the best local resources in healthcare delivery with the financing of care, the company can drive a superior consumer experience, optimize clinical outcomes, reduce systemic waste and lower costs. Bright Health is a healthcare company that is building a national, integrated system of care, in close partnership with its Care Partners. Its differentiated approach is: Built on Alignment, Focused on the Consumer, and Powered by Technology. Bright Health have two market facing businesses: NeueHealth and Bright HealthCare. Through NeueHealth the company delivers high-quality virtual and in-person clinical care to nearly 75,000 unique patients through its 61 affiliated risk-bearing primary care clinics. Through Bright HealthCare the company offers Medicare and Commercial health plan products to approximately 623,000 consumers in 14 states and 99 markets.
Key filings for this company:
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
