BrightSpring Health Services (NASDAQ:BTSG) Rating Increased to Strong-Buy at Wall Street Zen

BrightSpring Health Services (NASDAQ:BTSG) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

BTSG has been the topic of a number of other research reports. Morgan Stanley upped their target price on BrightSpring Health Services from $62.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Leerink Partners reissued an “outperform” rating and set a $49.00 price target on shares of BrightSpring Health Services in a research report on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $60.00 price target on shares of BrightSpring Health Services in a report on Monday, May 4th. Mizuho upped their price objective on BrightSpring Health Services from $52.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Finally, Wells Fargo & Company increased their price objective on BrightSpring Health Services from $50.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to MarketBeat, BrightSpring Health Services currently has an average rating of “Buy” and a consensus target price of $59.60.

BrightSpring Health Services Stock Performance

Shares of BTSG stock opened at $66.25 on Friday. The stock has a fifty day moving average price of $55.27 and a 200 day moving average price of $45.01. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.38 and a current ratio of 1.74. The stock has a market cap of $13.07 billion, a PE ratio of 46.99, a P/E/G ratio of 0.85 and a beta of 1.87. BrightSpring Health Services has a 1 year low of $19.01 and a 1 year high of $66.69.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly 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 net margin of 2.27% and a return on equity of 14.63%. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the prior year, the business earned $0.14 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. Sell-side analysts forecast that BrightSpring Health Services will post 1.67 earnings per share for the current fiscal year.

Insider Activity at BrightSpring Health Services

In related news, insider Jon B. Rousseau sold 130,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $58.75, for a total transaction of $7,637,500.00. Following the sale, the insider owned 1,194,503 shares in the company, valued at approximately $70,177,051.25. This trade represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lisa A. Nalley sold 35,000 shares of BrightSpring Health Services stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $58.75, for a total transaction of $2,056,250.00. Following the completion of the sale, the insider directly owned 131,948 shares of the company’s stock, valued at $7,751,945. The trade was a 20.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. GHP Investment Advisors Inc. acquired a new stake in shares of BrightSpring Health Services during the first quarter worth $31,000. NBC Securities Inc. acquired a new position in BrightSpring Health Services in the fourth quarter valued at $29,000. Salomon & Ludwin LLC purchased a new position in BrightSpring Health Services during the fourth quarter worth about $30,000. Meeder Asset Management Inc. purchased a new position in BrightSpring Health Services during the first quarter worth about $52,000. Finally, Farther Finance Advisors LLC lifted its position in BrightSpring Health Services by 112.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock worth $64,000 after buying an additional 910 shares during the period.

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.