BrightSpring Health Services (NASDAQ:BTSG) Sets New 12-Month High on Analyst Upgrade

BrightSpring Health Services, Inc. (NASDAQ:BTSG) hit a new 52-week high on Friday after Mizuho raised their price target on the stock from $38.00 to $42.00. Mizuho currently has an outperform rating on the stock. BrightSpring Health Services traded as high as $37.41 and last traded at $37.5410, with a volume of 176289 shares. The stock had previously closed at $36.64.

Other equities analysts have also recently issued research reports about the company. UBS Group raised their price target on BrightSpring Health Services from $35.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. BMO Capital Markets assumed coverage on shares of BrightSpring Health Services in a research note on Thursday, November 13th. They issued an “outperform” rating and a $40.00 target price on the stock. KeyCorp upgraded shares of BrightSpring Health Services from a “sector weight” rating to an “overweight” rating and set a $45.00 target price for the company in a research report on Friday, December 12th. Wall Street Zen lowered BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Stephens started coverage on BrightSpring Health Services in a report on Wednesday, December 10th. They set an “overweight” rating and a $44.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $39.08.

Insider Buying and Selling

In other news, insider Lisa A. Nalley sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $28.78, for a total transaction of $575,600.00. Following the completion of the sale, the insider owned 131,150 shares in the company, valued at approximately $3,774,497. This trade represents a 13.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jon B. Rousseau sold 235,000 shares of the company’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $28.78, for a total value of $6,763,300.00. Following the completion of the transaction, the insider directly owned 1,131,930 shares in the company, valued at approximately $32,576,945.40. This represents a 17.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On BrightSpring Health Services

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of BrightSpring Health Services by 24.6% in the first quarter. Vanguard Group Inc. now owns 6,633,744 shares of the company’s stock valued at $120,004,000 after buying an additional 1,308,651 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of BrightSpring Health Services by 9.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 494,231 shares of the company’s stock worth $8,941,000 after purchasing an additional 43,238 shares during the last quarter. Swiss National Bank boosted its position in BrightSpring Health Services by 0.9% in the first quarter. Swiss National Bank now owns 118,100 shares of the company’s stock worth $2,136,000 after purchasing an additional 1,000 shares during the last quarter. Northern Trust Corp boosted its holdings in BrightSpring Health Services by 5.8% in the 1st quarter. Northern Trust Corp now owns 566,623 shares of the company’s stock worth $10,250,000 after buying an additional 31,289 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its stake in BrightSpring Health Services by 264.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,772,772 shares of the company’s stock valued at $104,430,000 after buying an additional 4,189,805 shares during the period.

BrightSpring Health Services Trading Up 2.3%

The stock has a 50 day moving average of $33.77 and a 200 day moving average of $27.12. The firm has a market cap of $6.76 billion, a P/E ratio of 61.46, a PEG ratio of 0.65 and a beta of 2.36. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.79 and a quick ratio of 1.38.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings data on Monday, October 20th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.16 billion. BrightSpring Health Services had a net margin of 1.04% and a return on equity of 11.61%. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. As a group, equities research analysts predict that BrightSpring Health Services, Inc. will post 0.59 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.