BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives Consensus Recommendation of “Buy” from Analysts

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has received a consensus rating of “Buy” from the seventeen analysts that are presently covering the stock, Marketbeat.com reports. Fifteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $57.00.

BTSG has been the topic of several research reports. BMO Capital Markets set a $70.00 target price on BrightSpring Health Services in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $60.00 target price on shares of BrightSpring Health Services in a research report on Monday, May 4th. KeyCorp upped their target price on BrightSpring Health Services from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings raised BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company raised their price target on shares of BrightSpring Health Services from $50.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th.

Insider Buying and Selling

In related news, insider Jon B. Rousseau sold 220,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total transaction of $9,053,000.00. Following the transaction, the insider directly owned 1,023,880 shares of the company’s stock, valued at approximately $42,132,662. This trade represents a 17.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa A. Nalley sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total transaction of $1,234,500.00. Following the transaction, the insider directly 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 285,000 shares of company stock valued at $11,727,750. 2.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On BrightSpring Health Services

A number of hedge funds have recently bought and sold shares of the business. CWM LLC increased its position in BrightSpring Health Services by 17.5% during the fourth quarter. CWM LLC now owns 1,874 shares of the company’s stock worth $70,000 after acquiring an additional 279 shares during the period. State of Wyoming increased its position in BrightSpring Health Services by 4.5% during the first quarter. State of Wyoming now owns 7,776 shares of the company’s stock worth $331,000 after acquiring an additional 336 shares during the period. EverSource Wealth Advisors LLC increased its position in BrightSpring Health Services by 17.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,826 shares of the company’s stock worth $143,000 after acquiring an additional 565 shares during the period. Moran Wealth Management LLC increased its position in BrightSpring Health Services by 9.0% during the first quarter. Moran Wealth Management LLC now owns 6,925 shares of the company’s stock worth $295,000 after acquiring an additional 572 shares during the period. Finally, GHP Investment Advisors Inc. bought a new position in BrightSpring Health Services during the first quarter worth about $31,000.

BrightSpring Health Services Price Performance

BrightSpring Health Services stock opened at $58.50 on Monday. BrightSpring Health Services has a 12 month low of $19.01 and a 12 month high of $59.65. The stock’s 50 day moving average is $47.64 and its 200-day moving average is $41.17. The company has a current ratio of 1.74, a quick ratio of 1.38 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 41.49, a PEG ratio of 0.77 and a beta of 1.71.

BrightSpring Health Services (NASDAQ:BTSG) last posted its earnings results on Friday, May 1st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. Equities research analysts expect that BrightSpring Health Services will post 1.64 EPS for the current year.

About BrightSpring Health Services

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.