BrightSpring Health Services (NASDAQ:BTSG) Reaches New 12-Month High – Still a Buy?

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $38.47 and last traded at $38.4590, with a volume of 922373 shares traded. The stock had previously closed at $37.45.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen downgraded BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Mizuho boosted their price objective on BrightSpring Health Services from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Bank of America upped their price objective 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. Wells Fargo & Company lifted their target price on BrightSpring Health Services from $33.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 12th. Finally, Morgan Stanley boosted their price target on shares of BrightSpring Health Services from $25.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $39.83.

BrightSpring Health Services Trading Up 2.5%

The firm has a fifty day moving average of $34.99 and a two-hundred day moving average of $28.05. The company has a market cap of $6.92 billion, a PE ratio of 62.88, a price-to-earnings-growth ratio of 0.66 and a beta of 2.35. 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 data on Monday, October 20th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. The business 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. As a group, sell-side analysts predict that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Insider Buying and Selling

In other BrightSpring Health Services news, insider Lisa A. Nalley sold 20,000 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total transaction of $575,600.00. Following the sale, the insider owned 131,150 shares in the company, valued at $3,774,497. This represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jon B. Rousseau sold 235,000 shares of the firm’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 completion of the transaction, the insider directly owned 1,131,930 shares of the company’s stock, valued at $32,576,945.40. The trade was a 17.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On BrightSpring Health Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of BrightSpring Health Services by 105.3% in the 3rd quarter. CWM LLC now owns 1,595 shares of the company’s stock worth $47,000 after buying an additional 818 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of BrightSpring Health Services during the second quarter worth about $43,000. Amalgamated Bank increased its stake in shares of BrightSpring Health Services by 62.7% during the third quarter. Amalgamated Bank now owns 3,041 shares of the company’s stock valued at $90,000 after buying an additional 1,172 shares during the period. Sandia Investment Management LP purchased a new stake in shares of BrightSpring Health Services in the 2nd quarter worth about $118,000. Finally, Penserra Capital Management LLC purchased a new position in shares of BrightSpring Health Services during the 2nd quarter worth approximately $139,000.

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.