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

Key Points

• BrightSpring Health Services, Inc. has received a consensus recommendation of "Moderate Buy" from eleven brokerages, with an average price objective set at $25.67.
• The company reported a 15.3% year-over-year increase in quarterly revenue, amounting to $3.15 billion, and beat earnings expectations with $0.22 EPS.
• Insider activity included significant share sales, with Phoenix Aggregator L.P. Kkr selling over 13 million shares, representing a 14.29% decrease in their position.

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $25.6667.

Several equities research analysts have issued reports on BTSG shares. Wells Fargo & Company increased their target price on BrightSpring Health Services from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Cowen reiterated a "buy" rating on shares of BrightSpring Health Services in a research report on Monday, August 4th. Morgan Stanley increased their price objective on BrightSpring Health Services from $20.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Wall Street Zen downgraded BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Mizuho set a $26.00 price objective on BrightSpring Health Services in a research report on Monday, May 5th.

BrightSpring Health Services Stock Performance

Shares of NASDAQ:BTSG traded down $0.20 during trading on Friday, hitting $23.73. 1,144,079 shares of the company were exchanged, compared to its average volume of 2,528,971. The company has a market cap of $4.20 billion, a PE ratio of 76.55 and a beta of 2.25. The stock has a 50 day moving average of $21.71 and a 200 day moving average of $20.55. BrightSpring Health Services has a 52-week low of $12.35 and a 52-week high of $25.57. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.76 and a quick ratio of 1.34.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm 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 business's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 earnings per share. BrightSpring Health Services has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that BrightSpring Health Services will post 0.59 EPS for the current year.

Insider Transactions at BrightSpring Health Services

In other 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 stock was sold at an average price of $21.15, for a total transaction of $44,415,000.00. Following the transaction, the insider directly owned 77,096,337 shares of the company's stock, valued at approximately $1,630,587,527.55. This trade represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jon B. Rousseau sold 531,840 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $21.75, for a total value of $11,567,520.00. Following the transaction, the insider directly owned 1,184,133 shares in the company, valued at $25,754,892.75. This trade represents a 30.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,919,941 shares of company stock worth $337,025,856 in the last 90 days. Company insiders own 3.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of BrightSpring Health Services in the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC bought a new stake in shares of BrightSpring Health Services in the second quarter worth about $43,000. Sandia Investment Management LP bought a new stake in shares of BrightSpring Health Services in the second quarter worth about $118,000. Penserra Capital Management LLC bought a new stake in shares of BrightSpring Health Services in the second quarter worth about $139,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of BrightSpring Health Services by 1,532.2% in the second quarter. PNC Financial Services Group Inc. now owns 8,161 shares of the company's stock worth $193,000 after purchasing an additional 7,661 shares during the last quarter.

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.