BrightSpring Health Services (NASDAQ:BTSG) Stock Price Expected to Rise, Bank of America Analyst Says

BrightSpring Health Services (NASDAQ:BTSG) had its price target hoisted by stock analysts at Bank of America from $38.00 to $41.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 16.48% from the company’s current price.

A number of other equities research analysts have also recently weighed in on BTSG. BTIG Research boosted their price target on shares of BrightSpring Health Services from $30.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. UBS Group lifted their target price on BrightSpring Health Services from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. William Blair began coverage on BrightSpring Health Services in a report on Monday. They issued an “outperform” rating for the company. Wall Street Zen lowered BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Wells Fargo & Company boosted their price objective on BrightSpring Health Services from $33.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $37.25.

BrightSpring Health Services Price Performance

BTSG stock opened at $35.20 on Tuesday. The business has a 50 day moving average price of $32.69 and a 200 day moving average price of $26.52. The company has a quick ratio of 1.38, a current ratio of 1.79 and a debt-to-equity ratio of 1.36. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 57.71, a PEG ratio of 0.61 and a beta of 2.36. BrightSpring Health Services has a fifty-two week low of $15.26 and a fifty-two week high of $36.77.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings data on Monday, October 20th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. BrightSpring Health Services had a net margin of 1.04% and a return on equity of 11.61%. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. Equities research analysts anticipate that BrightSpring Health Services will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jon B. Rousseau sold 235,000 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total transaction of $6,763,300.00. Following the completion of the sale, the insider directly owned 1,131,930 shares of the company’s stock, valued at $32,576,945.40. This trade represents a 17.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa A. Nalley sold 20,000 shares of BrightSpring Health Services stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $28.78, for a total transaction of $575,600.00. Following the completion of the transaction, the insider owned 131,150 shares in the company, valued at approximately $3,774,497. This trade represents a 13.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.40% of the stock is currently owned by company insiders.

Institutional Trading of BrightSpring Health Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new position in BrightSpring Health Services during the second quarter worth about $43,000. CWM LLC boosted its holdings in BrightSpring Health Services by 105.3% in the 3rd quarter. CWM LLC now owns 1,595 shares of the company’s stock valued at $47,000 after purchasing an additional 818 shares in the last quarter. Amalgamated Bank increased its position in BrightSpring Health Services by 62.7% during the 3rd quarter. Amalgamated Bank now owns 3,041 shares of the company’s stock worth $90,000 after purchasing an additional 1,172 shares during the period. Sandia Investment Management LP purchased a new position in shares of BrightSpring Health Services during the 2nd quarter worth approximately $118,000. Finally, Penserra Capital Management LLC purchased a new position in shares of BrightSpring Health Services during the 2nd quarter worth approximately $139,000.

BrightSpring Health Services Company Profile

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.