BrightSpring Health Services, Inc. (NASDAQ:BTSG) Given Consensus Rating of “Buy” by Analysts

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has been given an average recommendation of “Buy” by the twenty brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $68.4118.

Several equities research analysts have weighed in on BTSG shares. KeyCorp upped their price objective on shares of BrightSpring Health Services from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, May 4th. TD Cowen raised their target price on BrightSpring Health Services from $65.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Leerink Partners reaffirmed an “outperform” rating and issued a $49.00 target price on shares of BrightSpring Health Services in a research report on Wednesday, March 18th. The Goldman Sachs Group began coverage on BrightSpring Health Services in a research note on Monday, June 8th. They set a “buy” rating and a $71.00 price target on the stock. Finally, Stephens increased their price target on BrightSpring Health Services from $53.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, May 4th.

Insider Activity at BrightSpring Health Services

In related news, insider Jon B. Rousseau sold 130,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $58.75, for a total value of $7,637,500.00. Following the transaction, the insider directly owned 1,194,503 shares in the company, valued at $70,177,051.25. This trade represents a 9.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lisa A. Nalley sold 35,000 shares of BrightSpring Health Services stock in a transaction on Friday, June 5th. The shares were 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 approximately $7,751,945. The trade was a 20.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Ausbil Investment Management Ltd bought a new stake in BrightSpring Health Services during the 2nd quarter worth approximately $2,005,000. Handelsbanken Fonder AB lifted its holdings in shares of BrightSpring Health Services by 40.8% in the second quarter. Handelsbanken Fonder AB now owns 36,900 shares of the company’s stock valued at $2,573,000 after purchasing an additional 10,700 shares in the last quarter. MRA Advisory Group bought a new position in shares of BrightSpring Health Services in the second quarter valued at approximately $889,000. GAMMA Investing LLC boosted its position in shares of BrightSpring Health Services by 27.9% during the second quarter. GAMMA Investing LLC now owns 3,721 shares of the company’s stock valued at $260,000 after buying an additional 811 shares during the last quarter. Finally, Avior Wealth Management LLC purchased a new position in shares of BrightSpring Health Services during the second quarter valued at approximately $201,000.

BrightSpring Health Services Stock Performance

NASDAQ:BTSG opened at $69.64 on Tuesday. The company has a fifty day moving average of $62.46 and a 200-day moving average of $48.84. The firm has a market capitalization of $13.74 billion, a P/E ratio of 49.39, a P/E/G ratio of 0.97 and a beta of 1.79. The company has a quick ratio of 1.38, a current ratio of 1.74 and a debt-to-equity ratio of 1.24. BrightSpring Health Services has a twelve month low of $19.01 and a twelve month high of $72.22.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.10. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. BrightSpring Health Services’s revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. As a group, sell-side analysts anticipate that BrightSpring Health Services will post 1.66 EPS for the current year.

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.