BrightSpring Health Services, Inc. (NASDAQ:BTSG) Given Average Recommendation of “Buy” by Brokerages

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have been given a consensus recommendation of “Buy” by the seventeen ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $45.50.

Several equities analysts have issued reports on BTSG shares. TD Cowen reissued a “buy” rating on shares of BrightSpring Health Services in a research note on Monday, March 2nd. Cantor Fitzgerald set a $49.00 price objective on shares of BrightSpring Health Services in a research note on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of BrightSpring Health Services in a research report on Monday, December 29th. Bank of America raised their price target on shares of BrightSpring Health Services from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Finally, Zacks Research raised shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd.

BrightSpring Health Services Price Performance

BTSG stock opened at $43.10 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.57 and a debt-to-equity ratio of 1.32. The company’s fifty day simple moving average is $40.76 and its 200 day simple moving average is $36.35. BrightSpring Health Services has a 12-month low of $15.48 and a 12-month high of $45.59. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 48.98, a PEG ratio of 0.57 and a beta of 2.03.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings data on Friday, February 27th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). BrightSpring Health Services had a net margin of 1.48% and a return on equity of 12.66%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same period in the prior year, the firm earned $0.11 earnings per share. The firm’s revenue for the quarter was up 29.3% compared to the same quarter last year. On average, analysts expect that BrightSpring Health Services will post 0.59 earnings per share for the current year.

Insider Activity

In other BrightSpring Health Services news, insider Lisa A. Nalley sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total value of $1,234,500.00. Following the transaction, the insider owned 110,594 shares in the company, valued at approximately $4,550,943.10. This represents a 21.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jon B. Rousseau sold 220,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total value of $9,053,000.00. Following the completion of the sale, the insider directly owned 1,023,880 shares of the company’s stock, valued at $42,132,662. This trade represents a 17.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 285,000 shares of company stock worth $11,727,750 in the last three months. Company insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On BrightSpring Health Services

Institutional investors have recently modified their holdings of the company. NBC Securities Inc. bought a new position in shares of BrightSpring Health Services in the 4th quarter worth $29,000. Salomon & Ludwin LLC bought a new stake in BrightSpring Health Services during the 4th quarter valued at $30,000. EverSource Wealth Advisors LLC acquired a new position in BrightSpring Health Services during the second quarter worth $43,000. CWM LLC raised its holdings in BrightSpring Health Services by 105.3% during the third quarter. CWM LLC now owns 1,595 shares of the company’s stock worth $47,000 after buying an additional 818 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of BrightSpring Health Services by 112.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock valued at $64,000 after buying an additional 910 shares in the last quarter.

BrightSpring Health Services Company Profile

BrightSpring Health Services (NASDAQ: BTSG) is a leading provider of home and community-based care and workforce solutions aimed at seniors, individuals with disabilities and those facing behavioral health challenges. The company’s operations encompass a broad spectrum of services, including personal care, skilled nursing, therapy, habilitation and supported living, as well as specialized behavioral health programs delivered through both clinical and non-clinical channels.

Through its network of subsidiary brands, BrightSpring offers integrated care in the patient’s home environment, fostering independence and improving quality of life.