BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives $44.08 Average Target Price from Analysts

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have received a consensus rating of “Buy” from the sixteen analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $44.0769.

Several analysts have weighed in on BTSG shares. CJS Securities raised BrightSpring Health Services to a “strong-buy” rating in a report on Thursday, December 11th. BTIG Research reiterated a “buy” rating and set a $55.00 price target on shares of BrightSpring Health Services in a research report on Monday, March 2nd. 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. Wall Street Zen lowered shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BrightSpring Health Services in a research note on Monday, December 29th.

Insider Activity

In other news, insider Lisa A. Nalley sold 30,000 shares of the firm’s stock in a transaction 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 directly owned 110,594 shares in the company, valued at $4,550,943.10. This trade represents a 21.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jennifer A. Phipps sold 35,000 shares of BrightSpring Health Services stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total value of $1,440,250.00. Following the sale, the chief financial officer directly owned 196,840 shares of the company’s stock, valued at approximately $8,099,966. This trade represents a 15.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 285,000 shares of company stock valued at $11,727,750 in the last 90 days. 3.40% of the stock is owned by company insiders.

Institutional Trading of BrightSpring Health Services

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

BrightSpring Health Services Stock Down 0.9%

NASDAQ BTSG opened at $38.31 on Wednesday. The stock has a market capitalization of $7.41 billion, a P/E ratio of 43.53, a price-to-earnings-growth ratio of 0.51 and a beta of 2.31. BrightSpring Health Services has a 52 week low of $15.48 and a 52 week high of $44.87. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.12 and a current ratio of 1.57. The stock has a fifty day moving average of $39.76 and a 200-day moving average of $34.48.

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