BrightSpring Health Services (NASDAQ:BTSG) Stock Price Down 5.8% - Should You Sell?

Key Points

• BrightSpring Health Services' stock price fell 5.8% to $26.36, with trading volume increasing 37% above average.
• Analysts have set a consensus target price of $27.10 for the stock, with most ratings being a "Buy" from eleven research firms.
• The company reported a 15.3% year-over-year revenue increase of $3.15 billion and exceeded earnings estimates with an EPS of $0.22.

BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report)'s stock price fell 5.8% on Friday . The company traded as low as $26.34 and last traded at $26.36. 2,918,571 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 2,134,274 shares. The stock had previously closed at $27.99.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BTSG. Wall Street Zen downgraded shares of BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. TD Cowen started coverage on shares of BrightSpring Health Services in a research note on Monday, June 23rd. They set a "buy" rating and a $37.00 price objective on the stock. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of BrightSpring Health Services and gave the stock a "buy" rating in a research note on Monday. Cowen reissued a "buy" rating on shares of BrightSpring Health Services in a research note on Monday, August 4th. Finally, Bank of America boosted their price objective on shares of BrightSpring Health Services from $27.50 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, BrightSpring Health Services has an average rating of "Moderate Buy" and a consensus target price of $27.10.

BrightSpring Health Services Trading Down 6.1%

The firm has a market capitalization of $4.65 billion, a PE ratio of 84.92, a PEG ratio of 0.47 and a beta of 2.27. 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's fifty day simple moving average is $22.19 and its 200 day simple moving average is $20.81.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. BrightSpring Health Services had a net margin of 0.55% and a return on equity of 9.29%. The business had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $2.99 billion. During the same period in the prior year, the company earned $0.10 earnings per share. The firm's revenue was up 15.3% on a year-over-year basis. BrightSpring Health Services has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current year.

Insider Buying and Selling

In other BrightSpring Health Services news, major shareholder Phoenix Aggregator L.P. Kkr sold 2,100,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $21.15, for a total transaction of $44,415,000.00. Following the sale, the insider owned 77,096,337 shares in the company, valued at approximately $1,630,587,527.55. This trade represents a 2.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.40% of the company's stock.

Institutional Investors Weigh In On BrightSpring Health Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in BrightSpring Health Services by 47.7% during the 2nd quarter. Invesco Ltd. now owns 9,119,408 shares of the company's stock worth $215,127,000 after acquiring an additional 2,946,811 shares during the period. Vanguard Group Inc. raised its stake in BrightSpring Health Services by 24.6% during the 1st quarter. Vanguard Group Inc. now owns 6,633,744 shares of the company's stock worth $120,004,000 after acquiring an additional 1,308,651 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in BrightSpring Health Services by 264.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,772,772 shares of the company's stock worth $104,430,000 after acquiring an additional 4,189,805 shares during the period. Alliancebernstein L.P. raised its stake in BrightSpring Health Services by 12.1% during the 2nd quarter. Alliancebernstein L.P. now owns 5,450,085 shares of the company's stock worth $128,568,000 after acquiring an additional 588,642 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in BrightSpring Health Services by 936.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,276,583 shares of the company's stock worth $53,705,000 after acquiring an additional 2,056,920 shares during the period.

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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