BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) insider Lisa Nalley sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total value of $575,600.00. Following the transaction, the insider directly owned 131,150 shares in the company, valued at approximately $3,774,497. This trade represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
BrightSpring Health Services Stock Up 2.1%
Shares of BrightSpring Health Services stock traded up $0.69 on Wednesday, hitting $32.94. The company had a trading volume of 4,621,568 shares, compared to its average volume of 2,505,810. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 54.00, a P/E/G ratio of 0.46 and a beta of 2.40. BrightSpring Health Services, Inc. has a 1 year low of $14.73 and a 1 year high of $33.16. The stock has a 50 day moving average of $26.66 and a 200-day moving average of $22.88. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.34 and a current ratio of 1.76.
BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued its quarterly earnings data on Monday, October 20th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.16 billion. BrightSpring Health Services had a return on equity of 11.83% 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 earnings per share for the current year.
Institutional Investors Weigh In On BrightSpring Health Services
A number of institutional investors and hedge funds have recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of BrightSpring Health Services by 143.4% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 42,100 shares of the company's stock worth $1,244,000 after buying an additional 24,800 shares in the last quarter. Ellsworth Advisors LLC purchased a new stake in shares of BrightSpring Health Services in the third quarter worth $983,000. CWM LLC raised its position in shares of BrightSpring Health Services by 105.3% in the third quarter. CWM LLC now owns 1,595 shares of the company's stock worth $47,000 after buying an additional 818 shares in the last quarter. Voya Investment Management LLC raised its position in shares of BrightSpring Health Services by 556.1% in the third quarter. Voya Investment Management LLC now owns 1,343,775 shares of the company's stock worth $39,722,000 after buying an additional 1,138,965 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of BrightSpring Health Services in the third quarter worth $481,000.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on BTSG shares. Deutsche Bank Aktiengesellschaft set a $30.00 target price on BrightSpring Health Services and gave the company a "buy" rating in a report on Monday, September 8th. Wall Street Zen lowered BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Cowen reissued a "buy" rating on shares of BrightSpring Health Services in a report on Monday, August 4th. Morgan Stanley increased their price objective on BrightSpring Health Services from $25.00 to $32.00 and gave the company an "overweight" rating in a report on Tuesday, October 14th. Finally, UBS Group raised their price target on BrightSpring Health Services from $31.00 to $35.00 and gave the stock a "buy" rating in a report on Monday, October 13th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, BrightSpring Health Services presently has a consensus rating of "Moderate Buy" and an average price target of $32.56.
Check Out Our Latest Analysis on BTSG
About BrightSpring Health Services
(
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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.
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