Zacks Research Downgrades BrightSpring Health Services (NASDAQ:BTSG) to Hold

BrightSpring Health Services (NASDAQ:BTSG) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on BTSG. Mizuho boosted their price target on BrightSpring Health Services from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Wall Street Zen lowered BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Bank of America increased their target price on BrightSpring Health Services from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Jefferies Financial Group set a $36.00 price target on shares of BrightSpring Health Services and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Finally, Morgan Stanley increased their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, BrightSpring Health Services presently has a consensus rating of “Moderate Buy” and an average price target of $40.17.

BrightSpring Health Services Price Performance

Shares of BTSG stock opened at $39.51 on Tuesday. The firm has a fifty day simple moving average of $35.44 and a 200-day simple moving average of $28.59. The company has a market capitalization of $7.13 billion, a PE ratio of 64.77, a price-to-earnings-growth ratio of 0.55 and a beta of 2.35. BrightSpring Health Services has a twelve month low of $15.26 and a twelve month high of $41.03. The company has a current ratio of 1.79, a quick ratio of 1.38 and a debt-to-equity ratio of 1.36.

BrightSpring Health Services (NASDAQ:BTSG) last released 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 for the quarter, compared to the consensus estimate of $3.16 billion. BrightSpring Health Services had a net margin of 1.04% and a return on equity of 11.61%. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. Equities research analysts anticipate that BrightSpring Health Services will post 0.59 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Lisa A. Nalley sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total value of $575,600.00. Following the sale, the insider owned 131,150 shares of the company’s stock, valued at approximately $3,774,497. This trade represents a 13.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jon B. Rousseau sold 235,000 shares of the company’s stock in a transaction on 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 transaction, the insider owned 1,131,930 shares of the company’s stock, valued at approximately $32,576,945.40. The trade was a 17.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On BrightSpring Health Services

Several hedge funds and other institutional investors have recently modified their holdings of BTSG. EverSource Wealth Advisors LLC acquired a new stake in shares of BrightSpring Health Services in the 2nd quarter worth about $43,000. CWM LLC boosted its stake in BrightSpring Health Services by 105.3% during the 3rd quarter. CWM LLC now owns 1,595 shares of the company’s stock valued at $47,000 after purchasing an additional 818 shares during the period. GAMMA Investing LLC grew its position in BrightSpring Health Services by 134.8% in the 4th quarter. GAMMA Investing LLC now owns 2,259 shares of the company’s stock worth $85,000 after purchasing an additional 1,297 shares during the last quarter. Amalgamated Bank increased its stake in shares of BrightSpring Health Services by 62.7% in the third quarter. Amalgamated Bank now owns 3,041 shares of the company’s stock valued at $90,000 after purchasing an additional 1,172 shares during the period. Finally, Sandia Investment Management LP bought a new stake in shares of BrightSpring Health Services during the second quarter valued at approximately $118,000.

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.