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

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have been given an average rating of “Buy” by the sixteen brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $44.0769.

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. TD Cowen reiterated a “buy” rating on shares of BrightSpring Health Services in a research note on Monday, March 2nd. Morgan Stanley raised their price objective on BrightSpring Health Services from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. William Blair started coverage on BrightSpring Health Services in a report on Monday, December 8th. They issued an “outperform” rating for the company. Finally, Bank of America increased their target price on BrightSpring Health Services from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th.

Insider Activity

In other BrightSpring Health Services news, insider Jon B. Rousseau sold 220,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total transaction of $9,053,000.00. Following the sale, the insider directly owned 1,023,880 shares of the company’s stock, valued at $42,132,662. The trade was a 17.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lisa A. Nalley sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total transaction of $1,234,500.00. Following the completion of the transaction, the insider owned 110,594 shares of the company’s stock, valued at approximately $4,550,943.10. This trade represents a 21.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 285,000 shares of company stock valued at $11,727,750 over the last quarter. 3.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On BrightSpring Health Services

A number of hedge funds have recently modified their holdings of the business. CWM LLC increased its holdings in BrightSpring Health Services by 17.5% in the fourth quarter. CWM LLC now owns 1,874 shares of the company’s stock valued at $70,000 after purchasing an additional 279 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in BrightSpring Health Services by 17.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,826 shares of the company’s stock worth $143,000 after buying an additional 565 shares during the period. NBC Securities Inc. bought a new stake in shares of BrightSpring Health Services in the 4th quarter valued at about $29,000. Salomon & Ludwin LLC bought a new stake in shares of BrightSpring Health Services in the 4th quarter valued at about $30,000. Finally, Farther Finance Advisors LLC increased its stake in shares of BrightSpring Health Services by 112.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock valued at $64,000 after buying an additional 910 shares during the period.

BrightSpring Health Services Stock Down 2.1%

Shares of NASDAQ BTSG opened at $41.34 on Wednesday. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 46.98, a PEG ratio of 0.56 and a beta of 2.31. The company has a current ratio of 1.57, a quick ratio of 1.12 and a debt-to-equity ratio of 1.32. BrightSpring Health Services has a 12 month low of $15.48 and a 12 month high of $44.87. The stock has a 50-day moving average price of $39.66 and a two-hundred day moving average price of $34.30.

BrightSpring Health Services (NASDAQ:BTSG) last announced 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 company had revenue of $3.55 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 29.3% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. As a group, analysts forecast that BrightSpring Health Services will post 0.59 earnings per share for the current fiscal 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.