Brokerages Set BrightSpring Health Services, Inc. (NASDAQ:BTSG) PT at $34.70

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have been given a consensus rating of “Buy” by the thirteen brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $34.70.

BTSG has been the subject of several analyst reports. Mizuho set a $38.00 price target on shares of BrightSpring Health Services in a research report on Wednesday, October 29th. Bank of America increased their target price on BrightSpring Health Services from $27.50 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Jefferies Financial Group set a $36.00 price target on BrightSpring Health Services and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Wells Fargo & Company increased their price objective on BrightSpring Health Services from $27.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Finally, Cowen reiterated a “buy” rating on shares of BrightSpring Health Services in a report on Monday, August 4th.

BrightSpring Health Services Stock Performance

Shares of BTSG opened at $33.14 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.79 and a debt-to-equity ratio of 1.36. The stock has a market cap of $5.98 billion, a P/E ratio of 54.33, a P/E/G ratio of 0.58 and a beta of 2.41. The business’s 50 day moving average price is $29.18 and its 200-day moving average price is $24.40. BrightSpring Health Services has a 52 week low of $15.26 and a 52 week high of $35.01.

BrightSpring Health Services (NASDAQ:BTSG) last announced 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. BrightSpring Health Services had a return on equity of 11.61% and a net margin of 1.04%.The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that BrightSpring Health Services will post 0.59 earnings per share for the current fiscal year.

Insider Activity at BrightSpring Health Services

In other BrightSpring Health Services news, insider Lisa A. Nalley sold 20,000 shares of BrightSpring Health Services stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $28.78, for a total value of $575,600.00. Following the completion of the sale, the insider owned 131,150 shares of the company’s stock, valued at approximately $3,774,497. The trade was a 13.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jon B. Rousseau sold 235,000 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total value of $6,763,300.00. Following the completion of the sale, the insider owned 1,131,930 shares of the company’s stock, valued at $32,576,945.40. The trade was a 17.19% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.40% of the stock is owned by insiders.

Institutional Investors Weigh In On BrightSpring Health Services

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC bought a new position in shares of BrightSpring Health Services during the 2nd quarter valued at approximately $43,000. CWM LLC boosted its stake in BrightSpring Health Services by 105.3% during the third quarter. CWM LLC now owns 1,595 shares of the company’s stock worth $47,000 after buying an additional 818 shares during the period. Amalgamated Bank increased its position in BrightSpring Health Services by 62.7% during the third quarter. Amalgamated Bank now owns 3,041 shares of the company’s stock valued at $90,000 after acquiring an additional 1,172 shares during the last quarter. Sandia Investment Management LP purchased a new stake in shares of BrightSpring Health Services in the second quarter valued at $118,000. Finally, Penserra Capital Management LLC bought a new stake in shares of BrightSpring Health Services in the 2nd quarter worth about $139,000.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.