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

Key Points

• BrightSpring Health Services, Inc. (NASDAQ:BTSG) has received a consensus rating of "Moderate Buy" from twelve research firms, with eleven analysts issuing buy ratings.
• The company's stock currently has an average 12-month price target of $27.10, with some firms setting targets as high as $37.00.
• BrightSpring reported a 15.3% increase in quarterly revenue year-over-year, totaling $3.15 billion, and an EPS of $0.22, exceeding analysts' expectations.

BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twelve analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $27.10.

Several equities research analysts have recently issued reports on the company. Bank of America raised their price target on BrightSpring Health Services from $27.50 to $31.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Wall Street Zen cut shares of BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of BrightSpring Health Services and gave the company a "buy" rating in a research note on Monday, September 8th. TD Cowen initiated coverage on shares of BrightSpring Health Services in a research note on Monday, June 23rd. They issued a "buy" rating and a $37.00 target price for the company. Finally, Cowen reiterated a "buy" rating on shares of BrightSpring Health Services in a research note on Monday, August 4th.

Insider Buying and Selling

In other BrightSpring Health Services news, major shareholder Phoenix Aggregator L.P. Kkr sold 2,100,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $21.15, for a total transaction of $44,415,000.00. Following the completion of the transaction, the insider owned 77,096,337 shares in the company, valued at $1,630,587,527.55. This trade represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is currently owned by corporate insiders.

Institutional Trading of BrightSpring Health Services

Several hedge funds have recently modified their holdings of BTSG. EverSource Wealth Advisors LLC bought a new position in shares of BrightSpring Health Services in the second quarter valued at approximately $43,000. Sandia Investment Management LP bought a new position in shares of BrightSpring Health Services in the second quarter valued at approximately $118,000. Penserra Capital Management LLC bought a new position in shares of BrightSpring Health Services in the second quarter valued at approximately $139,000. IFP Advisors Inc raised its stake in shares of BrightSpring Health Services by 273,666.7% in the first quarter. IFP Advisors Inc now owns 8,213 shares of the company's stock valued at $149,000 after acquiring an additional 8,210 shares during the last quarter. Finally, Highland Capital Management LLC bought a new position in shares of BrightSpring Health Services in the first quarter valued at approximately $181,000.

BrightSpring Health Services Stock Up 0.2%

BrightSpring Health Services stock traded up $0.06 during mid-day trading on Wednesday, hitting $27.31. 5,557,328 shares of the company's stock were exchanged, compared to its average volume of 2,871,529. The stock has a market cap of $4.84 billion, a P/E ratio of 88.10, a P/E/G ratio of 0.46 and a beta of 2.27. The stock has a 50 day moving average of $22.88 and a two-hundred day moving average of $21.15. BrightSpring Health Services has a 1-year low of $14.03 and a 1-year high of $28.43. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 1.43.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.99 billion. BrightSpring Health Services had a return on equity of 9.29% and a net margin of 0.55%.The firm's revenue was up 15.3% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. BrightSpring Health Services has set its FY 2025 guidance at EPS. As a group, analysts anticipate that BrightSpring Health Services will post 0.59 EPS for the current fiscal year.

About BrightSpring Health Services

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.