BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives Average Rating of "Buy" from Brokerages

Key Points

• Seventeen analysts rate BrightSpring a "Buy", with an average 1‑year price target of $45.50; the stock opened at $48.15 and is trading near its 52‑week high of $48.97 (market cap ~ $9.3B).
• BrightSpring reported quarterly revenue of $3.55 billion versus $3.38 billion expected, a 29.3% year‑over‑year increase, while EPS was $0.33, missing the $0.34 consensus by $0.01.
• Insiders sold 285,000 shares totaling about $11.73 million (including 220,000 shares by Jon B. Rousseau), lowering insider ownership to 2.8%.

BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) has earned a consensus rating of "Buy" from the seventeen ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $45.50.

Several research analysts have commented on BTSG shares. Cantor Fitzgerald set a $49.00 price objective on shares of BrightSpring Health Services in a report on Monday, March 2nd. Morgan Stanley lifted their target price on shares of BrightSpring Health Services from $40.00 to $48.00 and gave the company an "overweight" rating in a research note on Wednesday, March 4th. TD Cowen reissued a "buy" rating on shares of BrightSpring Health Services in a research note on Monday, March 2nd. Zacks Research upgraded shares of BrightSpring Health Services from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 3rd. Finally, Mizuho raised their price objective on shares of BrightSpring Health Services from $50.00 to $52.00 and gave the stock an "outperform" rating in a report on Wednesday, March 18th.

BrightSpring Health Services Trading Up 1.4%

NASDAQ:BTSG opened at $48.15 on Thursday. The company has a fifty day moving average of $43.35 and a 200 day moving average of $38.66. BrightSpring Health Services has a 52 week low of $17.12 and a 52 week high of $48.97. The company has a quick ratio of 1.12, a current ratio of 1.57 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $9.30 billion, a P/E ratio of 54.72, a P/E/G ratio of 0.64 and a beta of 2.03.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its quarterly earnings results on Friday, February 27th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). BrightSpring Health Services had a net margin of 1.48% and a return on equity of 12.66%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the prior year, the company earned $0.11 earnings per share. The company's quarterly revenue was up 29.3% compared to the same quarter last year. On average, research analysts predict that BrightSpring Health Services will post 1.61 earnings per share for the current year.

Insiders Place Their Bets

In other BrightSpring Health Services news, insider Jon B. Rousseau sold 220,000 shares of the firm's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total value of $9,053,000.00. Following the completion of the sale, the insider directly owned 1,023,880 shares in the company, valued at $42,132,662. This trade represents a 17.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jennifer A. Phipps sold 35,000 shares of the firm's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total transaction of $1,440,250.00. Following the completion of the sale, the chief financial officer owned 196,840 shares of the company's stock, valued at $8,099,966. This trade represents a 15.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 285,000 shares of company stock worth $11,727,750 over the last three months. Company insiders own 2.80% of the company's stock.

Institutional Trading of BrightSpring Health Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new position in shares of BrightSpring Health Services in the 1st quarter worth about $276,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of BrightSpring Health Services by 5.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,429 shares of the company's stock worth $587,000 after acquiring an additional 1,780 shares in the last quarter. Millennium Management LLC increased its stake in shares of BrightSpring Health Services by 0.3% in the 1st quarter. Millennium Management LLC now owns 577,885 shares of the company's stock worth $10,454,000 after acquiring an additional 1,967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of BrightSpring Health Services by 11.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,280 shares of the company's stock worth $2,664,000 after acquiring an additional 14,586 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of BrightSpring Health Services in the 2nd quarter worth about $351,000.

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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