BrightSpring Health Services (NASDAQ:BTSG) Sets New 12-Month High - Here's Why

Key Points

• BrightSpring Health Services shares reached a new 52-week high of $32.34, with a notable trading volume of over 14 million shares.
• A number of analysts updated their ratings for BrightSpring, with Wells Fargo raising its price target significantly to $33, indicating strong market confidence.
• The company reported earnings of $0.30 per share in its latest quarterly results, surpassing expectations with revenue of $3.33 billion.

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $32.34 and last traded at $32.25, with a volume of 14370783 shares traded. The stock had previously closed at $30.47.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BTSG shares. Wells Fargo & Company increased their price objective on BrightSpring Health Services from $27.00 to $33.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 7th. Mizuho increased their price objective on BrightSpring Health Services from $26.00 to $32.00 and gave the stock an "outperform" rating in a research report on Friday. Bank of America increased their price objective on BrightSpring Health Services from $27.50 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Wall Street Zen lowered BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Jefferies Financial Group set a $36.00 price target on BrightSpring Health Services and gave the stock a "buy" rating in a research note on Tuesday. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $32.56.

BrightSpring Health Services Stock Performance

The company has a debt-to-equity ratio of 1.43, a current ratio of 1.76 and a quick ratio of 1.34. The company has a 50 day simple moving average of $26.66 and a 200-day simple moving average of $22.88. The stock has a market cap of $5.71 billion, a P/E ratio of 52.87, a price-to-earnings-growth ratio of 0.46 and a beta of 2.40.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued its quarterly earnings results on Monday, October 20th. The company reported $0.30 earnings per share (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 analyst estimates 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. On average, equities analysts expect that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings 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 during the period. Ellsworth Advisors LLC purchased a new position in shares of BrightSpring Health Services in the third quarter worth about $983,000. CWM LLC increased its holdings 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 during the period. Voya Investment Management LLC increased its holdings 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 during the period. Finally, Assenagon Asset Management S.A. purchased a new position in shares of BrightSpring Health Services in the third quarter worth about $481,000.

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.

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