BrightSpring Health Services (NASDAQ:BTSG) Sets New 1-Year High - Still a Buy?

Key Points

• New 52-week high: Shares traded as high as $46.46 (last at $45.54) on Wednesday with about 405,679 shares changing hands, up roughly 4% from the prior close.
• Analysts remain bullish: Morgan Stanley lifted its price target to $48 and MarketBeat shows a consensus rating of "Buy" with an average price target of $45.50.
• Mixed fundamentals and insider activity: Q earnings saw EPS of $0.33 (missed by $0.01) while revenue beat at $3.55B (up 29.3% YoY), and insiders sold roughly 285,000 shares worth ~$11.7M last quarter.

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $46.46 and last traded at $45.5410, with a volume of 405679 shares trading hands. The stock had previously closed at $43.87.

Analysts Set New Price Targets

BTSG has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on BrightSpring Health Services from $40.00 to $48.00 and gave the company an "overweight" rating in a report on Wednesday, March 4th. Leerink Partners reiterated an "outperform" rating and issued a $49.00 price objective on shares of BrightSpring Health Services in a report on Wednesday, March 18th. TD Cowen reiterated a "buy" rating on shares of BrightSpring Health Services in a report on Monday, March 2nd. CJS Securities upgraded BrightSpring Health Services to a "strong-buy" rating in a report on Thursday, December 11th. Finally, Cantor Fitzgerald set a $49.00 price objective on BrightSpring Health Services in a report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, BrightSpring Health Services has a consensus rating of "Buy" and an average price target of $45.50.

BrightSpring Health Services Trading Up 4.0%

The company has a fifty day simple moving average of $40.92 and a two-hundred day simple moving average of $36.65. The company has a current ratio of 1.57, a quick ratio of 1.12 and a debt-to-equity ratio of 1.32. The company has a market cap of $8.83 billion, a PE ratio of 51.71, a P/E/G ratio of 0.57 and a beta of 2.03.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). BrightSpring Health Services had a return on equity of 12.66% and a net margin of 1.48%.The company had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.38 billion. During the same quarter last year, the company earned $0.11 EPS. BrightSpring Health Services's revenue for the quarter was up 29.3% compared to the same quarter last year. Analysts anticipate that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Insiders Place Their Bets

In other BrightSpring Health Services news, insider Lisa A. Nalley sold 30,000 shares of the company'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 $1,234,500.00. Following the sale, the insider owned 110,594 shares in the company, valued at $4,550,943.10. This represents a 21.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jon B. Rousseau sold 220,000 shares of the company's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total value of $9,053,000.00. Following the sale, the insider owned 1,023,880 shares in the company, valued at approximately $42,132,662. This trade represents a 17.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 285,000 shares of company stock worth $11,727,750 in the last quarter. 3.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On BrightSpring Health Services

Several large investors have recently bought and sold shares of the stock. NBC Securities Inc. acquired a new position in shares of BrightSpring Health Services during the 4th quarter worth about $29,000. Salomon & Ludwin LLC acquired a new position in shares of BrightSpring Health Services during the 4th quarter worth about $30,000. EverSource Wealth Advisors LLC acquired a new position in shares of BrightSpring Health Services during the 2nd quarter worth about $43,000. CWM LLC boosted its position in shares of BrightSpring Health Services by 105.3% during the 3rd quarter. CWM LLC now owns 1,595 shares of the company's stock worth $47,000 after acquiring an additional 818 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of BrightSpring Health Services by 112.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company's stock worth $64,000 after acquiring an additional 910 shares in the last quarter.

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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