BTIG Research Boosts BrightSpring Health Services (NASDAQ:BTSG) Price Target to $50.00

BrightSpring Health Services (NASDAQ:BTSG) had its price objective boosted by research analysts at BTIG Research from $41.00 to $50.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price target suggests a potential upside of 31.58% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. CJS Securities upgraded BrightSpring Health Services to a “strong-buy” rating in a research note on Thursday, December 11th. Mizuho upped their price target on BrightSpring Health Services from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Wells Fargo & Company lifted their price objective on shares of BrightSpring Health Services from $33.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, November 12th. Morgan Stanley upped their target price on shares of BrightSpring Health Services from $25.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, William Blair initiated coverage on shares of BrightSpring Health Services in a report on Monday, December 8th. They set an “outperform” rating for the company. Two equities 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $39.83.

BrightSpring Health Services Price Performance

BrightSpring Health Services stock opened at $38.00 on Tuesday. The firm has a fifty day moving average of $33.94 and a 200-day moving average of $27.28. BrightSpring Health Services has a 52-week low of $15.26 and a 52-week high of $38.25. The company has a quick ratio of 1.38, a current ratio of 1.79 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $6.85 billion, a P/E ratio of 62.30, a PEG ratio of 0.66 and a beta of 2.36.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings results on Monday, October 20th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. BrightSpring Health Services had a net margin of 1.04% and a return on equity of 11.61%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. As a group, analysts predict that BrightSpring Health Services will post 0.59 EPS for the current year.

Insider Buying and Selling at BrightSpring Health Services

In related news, insider Jon B. Rousseau sold 235,000 shares of BrightSpring Health Services stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total value of $6,763,300.00. Following the completion of the transaction, the insider directly owned 1,131,930 shares in the company, valued at approximately $32,576,945.40. This trade represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lisa A. Nalley sold 20,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $28.78, for a total value of $575,600.00. Following the completion of the sale, the insider directly owned 131,150 shares of the company’s stock, valued at approximately $3,774,497. This represents a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. CWM LLC lifted its stake in 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 purchasing an additional 818 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of BrightSpring Health Services by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 9,282 shares of the company’s stock worth $274,000 after purchasing an additional 1,121 shares during the period. Amalgamated Bank lifted its position in shares of BrightSpring Health Services by 62.7% in the 3rd quarter. Amalgamated Bank now owns 3,041 shares of the company’s stock worth $90,000 after buying an additional 1,172 shares during the last quarter. Covestor Ltd boosted its holdings in shares of BrightSpring Health Services by 16.6% in the 3rd quarter. Covestor Ltd now owns 8,567 shares of the company’s stock valued at $253,000 after buying an additional 1,218 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of BrightSpring Health Services by 77.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,261 shares of the company’s stock valued at $96,000 after buying an additional 1,420 shares during 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.