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

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has been assigned an average rating of “Buy” from the twenty brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, eighteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $70.1176.

A number of research firms have issued reports on BTSG. 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. Bank of America increased their price objective on shares of BrightSpring Health Services from $66.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Morgan Stanley lifted their price objective on shares of BrightSpring Health Services from $71.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. The Goldman Sachs Group began coverage on shares of BrightSpring Health Services in a research note on Monday, June 8th. They set a “buy” rating and a $71.00 target price for the company. Finally, KeyCorp upped their target price on shares of BrightSpring Health Services from $60.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th.

Insider Activity

In related news, insider Jon B. Rousseau sold 130,000 shares of BrightSpring Health Services stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $58.75, for a total transaction of $7,637,500.00. Following the transaction, the insider directly owned 1,194,503 shares of the company’s stock, valued at $70,177,051.25. The trade was a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction, the insider directly owned 131,948 shares in the company, valued at $7,751,945. This represents a 20.96% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in shares of BrightSpring Health Services in the fourth quarter valued at $29,000. Salomon & Ludwin LLC acquired a new stake in shares of BrightSpring Health Services in the fourth quarter worth $30,000. GHP Investment Advisors Inc. purchased a new position in shares of BrightSpring Health Services during the first quarter valued at $31,000. EverSource Wealth Advisors LLC purchased a new position in shares of BrightSpring Health Services during the second quarter valued at $43,000. Finally, Meeder Asset Management Inc. acquired a new position in BrightSpring Health Services during the first quarter valued at $52,000.

BrightSpring Health Services Price Performance

Shares of BTSG stock opened at $70.50 on Tuesday. BrightSpring Health Services has a twelve month low of $19.01 and a twelve month high of $73.40. The firm has a fifty day simple moving average of $64.07 and a 200-day simple moving average of $49.96. 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 $13.91 billion, a PE ratio of 50.00, a price-to-earnings-growth ratio of 0.89 and a beta of 1.79.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. Equities research analysts anticipate that BrightSpring Health Services will post 1.7 earnings per share for the current fiscal 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.