BrightSpring Health Services (NASDAQ:BTSG) Stock Rating Upgraded by Wall Street Zen

BrightSpring Health Services (NASDAQ:BTSG) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

BTSG has been the topic of a number of other reports. Bank of America upped their price target on BrightSpring Health Services from $27.50 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. BTIG Research upped their price target on BrightSpring Health Services from $30.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday. Cowen reaffirmed a “buy” rating on shares of BrightSpring Health Services in a research note on Monday, August 4th. Mizuho set a $38.00 price target on BrightSpring Health Services in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price target on BrightSpring Health Services and gave the stock a “buy” rating in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, BrightSpring Health Services presently has a consensus rating of “Buy” and a consensus target price of $34.70.

BrightSpring Health Services Stock Up 0.8%

Shares of BrightSpring Health Services stock opened at $33.05 on Friday. BrightSpring Health Services has a one year low of $14.86 and a one year high of $35.01. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.79 and a quick ratio of 1.38. The stock’s 50-day moving average is $28.29 and its 200 day moving average is $23.88. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 54.18, a PEG ratio of 0.68 and a beta of 2.41.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Monday, October 20th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. BrightSpring Health Services had a return on equity of 11.61% and a net margin of 1.04%.The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that BrightSpring Health Services will post 0.59 EPS for the current year.

Insider Buying and Selling

In related news, insider Jon B. Rousseau sold 235,000 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total transaction of $6,763,300.00. Following the completion of the sale, the insider directly owned 1,131,930 shares of the company’s stock, valued at approximately $32,576,945.40. This trade represents a 17.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lisa A. Nalley sold 20,000 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $28.78, for a total value of $575,600.00. Following the sale, the insider directly owned 131,150 shares of the company’s stock, valued at $3,774,497. The trade was a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.40% of the company’s stock.

Institutional Trading of BrightSpring Health Services

Institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp grew its holdings in BrightSpring Health Services by 5.8% during the first quarter. Northern Trust Corp now owns 566,623 shares of the company’s stock valued at $10,250,000 after purchasing an additional 31,289 shares during the period. Voya Investment Management LLC grew its holdings in BrightSpring Health Services by 9.0% during the first quarter. Voya Investment Management LLC now owns 199,711 shares of the company’s stock valued at $3,613,000 after purchasing an additional 16,434 shares during the period. New York State Common Retirement Fund grew its holdings in BrightSpring Health Services by 131.8% during the first quarter. New York State Common Retirement Fund now owns 37,918 shares of the company’s stock valued at $686,000 after purchasing an additional 21,563 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in BrightSpring Health Services by 145.1% during the first quarter. Adage Capital Partners GP L.L.C. now owns 939,529 shares of the company’s stock valued at $16,996,000 after purchasing an additional 556,152 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in BrightSpring Health Services by 6.8% during the first quarter. Teacher Retirement System of Texas now owns 14,650 shares of the company’s stock valued at $265,000 after purchasing an additional 932 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.