BrightSpring Health Services (NASDAQ:BTSG) Sees Unusually-High Trading Volume After Better-Than-Expected Earnings

Key Points

• BrightSpring Health Services (NASDAQ:BTSG) experienced a trading volume surge of 92%, with 4.7 million shares changing hands after announcing better-than-expected earnings.
• The company reported an earnings per share (EPS) of $0.30, exceeding the consensus estimate of $0.27, and generated revenues of $3.33 billion compared to the anticipated $3.16 billion.
• Analysts have raised their price targets for BTSG, with Wells Fargo increasing it from $27 to $33, while UBS upgraded theirs from $31 to $35, indicating strong market confidence in the stock.

BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) saw strong trading volume on Tuesday following a better than expected earnings announcement. 4,702,317 shares changed hands during trading, an increase of 92% from the previous session's volume of 2,443,081 shares.The stock last traded at $30.65 and had previously closed at $30.47.

The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. BrightSpring Health Services had a net margin of 0.55% and a return on equity of 9.29%. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. FY 2025 guidance at EPS.

Analyst Ratings Changes

Several analysts have commented on BTSG shares. Wells Fargo & Company increased their price target on shares of BrightSpring Health Services from $27.00 to $33.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. Wall Street Zen lowered shares of BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. UBS Group increased their price target on shares of BrightSpring Health Services from $31.00 to $35.00 and gave the company a "buy" rating in a research report on Monday, October 13th. Cowen reaffirmed a "buy" rating on shares of BrightSpring Health Services in a research report on Monday, August 4th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of BrightSpring Health Services in a research report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.13.

Institutional Trading of BrightSpring Health Services

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC purchased a new stake in BrightSpring Health Services during the second quarter worth about $43,000. CWM LLC grew its position in shares of BrightSpring Health Services by 105.3% during 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. Sandia Investment Management LP acquired a new position in shares of BrightSpring Health Services during the second quarter worth about $118,000. Penserra Capital Management LLC acquired a new position in shares of BrightSpring Health Services during the second quarter worth about $139,000. Finally, IFP Advisors Inc grew its position in shares of BrightSpring Health Services by 273,666.7% during the first quarter. IFP Advisors Inc now owns 8,213 shares of the company's stock worth $149,000 after buying an additional 8,210 shares in the last quarter.

BrightSpring Health Services Stock Performance

The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 98.87, a P/E/G ratio of 0.49 and a beta of 2.40. The company has a quick ratio of 1.34, a current ratio of 1.76 and a debt-to-equity ratio of 1.43. The stock has a 50-day moving average price of $26.45 and a 200 day moving average price of $22.82.

BrightSpring Health Services Company Profile

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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