BrightSpring Health Services, Inc. (NASDAQ:BTSG – Get Free Report) insider Jon Rousseau sold 130,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $58.75, for a total value of $7,637,500.00. Following the completion of the sale, the insider owned 1,194,503 shares in the company, 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 SEC, which can be accessed through this link.
BrightSpring Health Services Price Performance
Shares of NASDAQ BTSG remained flat at $57.40 during midday trading on Friday. 7,973,138 shares of the company were exchanged, compared to its average volume of 2,592,006. BrightSpring Health Services, Inc. has a fifty-two week low of $19.01 and a fifty-two week high of $62.11. The stock’s 50 day moving average is $51.00 and its 200-day moving average is $42.89. 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 firm has a market capitalization of $11.13 billion, a P/E ratio of 40.71, a price-to-earnings-growth ratio of 0.79 and a beta of 1.87.
BrightSpring Health Services (NASDAQ:BTSG – Get Free Report) last issued its quarterly earnings data 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. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the previous year, the business earned $0.14 earnings per share. The company’s revenue was up 25.6% on a year-over-year basis. As a group, analysts expect that BrightSpring Health Services, Inc. will post 1.67 EPS for the current year.
Institutional Investors Weigh In On BrightSpring Health Services
Analyst Ratings Changes
A number of equities research analysts recently weighed in on BTSG shares. Mizuho lifted their price objective on shares of BrightSpring Health Services from $52.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Cantor Fitzgerald set a $49.00 price objective on shares of BrightSpring Health Services in a research note on Monday, March 2nd. Leerink Partners restated an “outperform” rating and set a $49.00 price objective on shares of BrightSpring Health Services in a research note on Wednesday, March 18th. Stephens lifted their price objective on shares of BrightSpring Health Services from $53.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, TD Cowen lifted their price objective on shares of BrightSpring Health Services from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $57.64.
View Our Latest Research Report on BrightSpring Health Services
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.
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