BrightSpring Health Services (NASDAQ:BTSG) Reaches New 12-Month High – Here’s What Happened

BrightSpring Health Services, Inc. (NASDAQ:BTSG)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $35.70 and last traded at $35.5370, with a volume of 301115 shares trading hands. The stock had previously closed at $34.59.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Morgan Stanley upped their price target on BrightSpring Health Services from $25.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Wells Fargo & Company boosted their target price on shares of BrightSpring Health Services from $33.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 12th. Cowen restated a “buy” rating on shares of BrightSpring Health Services in a research note on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BrightSpring Health Services in a research note on Wednesday. Finally, BTIG Research boosted their price objective on shares of BrightSpring Health Services from $30.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $35.73.

BrightSpring Health Services Trading Up 2.1%

The company has a current ratio of 1.79, a quick ratio of 1.38 and a debt-to-equity ratio of 1.36. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 57.92, a price-to-earnings-growth ratio of 0.58 and a beta of 2.41. The firm has a 50-day moving average price of $30.64 and a 200 day moving average price of $25.42.

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, topping the consensus estimate of $0.27 by $0.03. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. BrightSpring Health Services had a return on equity of 11.61% and a net margin of 1.04%. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. FY 2025 guidance at EPS. As a group, sell-side analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Insider Transactions at BrightSpring Health Services

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

Institutional Investors Weigh In On BrightSpring Health Services

Several large investors have recently added to or reduced their stakes in BTSG. EverSource Wealth Advisors LLC acquired a new position in shares of BrightSpring Health Services during the second quarter valued at $43,000. CWM LLC lifted its position in BrightSpring Health Services by 105.3% in the 3rd quarter. CWM LLC now owns 1,595 shares of the company’s stock valued at $47,000 after purchasing an additional 818 shares during the last quarter. Amalgamated Bank boosted its stake in BrightSpring Health Services by 62.7% during the 3rd quarter. Amalgamated Bank now owns 3,041 shares of the company’s stock valued at $90,000 after purchasing an additional 1,172 shares during the period. Sandia Investment Management LP bought a new position in BrightSpring Health Services in the 2nd quarter worth about $118,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of BrightSpring Health Services in the second quarter valued at approximately $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.