BrightSpring Health Services (NASDAQ:BTSG) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of BrightSpring Health Services (NASDAQ:BTSG) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group set a $36.00 price objective on shares of BrightSpring Health Services and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Wall Street Zen downgraded shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. UBS Group upped their price objective on BrightSpring Health Services from $35.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. KeyCorp upgraded BrightSpring Health Services from a “sector weight” rating to an “overweight” rating and set a $45.00 price objective for the company in a research report on Friday, December 12th. Finally, BTIG Research raised their target price on BrightSpring Health Services from $41.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, BrightSpring Health Services has an average rating of “Moderate Buy” and an average price target of $40.17.

BrightSpring Health Services Stock Down 2.9%

Shares of NASDAQ BTSG opened at $39.51 on Tuesday. The stock has a market cap of $7.13 billion, a PE ratio of 64.77, a P/E/G ratio of 0.55 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 has a 12-month low of $15.26 and a 12-month high of $41.03. The company has a 50-day moving average of $35.44 and a 200 day moving average of $28.59.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Monday, October 20th. The company reported $0.30 earnings per share for the quarter, topping 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 business had revenue of $3.33 billion for 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, sell-side analysts predict that BrightSpring Health Services will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling at BrightSpring Health Services

In related news, insider Lisa A. Nalley sold 20,000 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $28.78, for a total transaction of $575,600.00. Following the transaction, the insider owned 131,150 shares of the company’s stock, valued at approximately $3,774,497. This represents a 13.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jon B. Rousseau sold 235,000 shares of BrightSpring Health Services stock in a transaction dated Wednesday, October 22nd. The shares were 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 approximately $32,576,945.40. This represents a 17.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC purchased a new stake in BrightSpring Health Services during the 1st quarter worth approximately $276,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of BrightSpring Health Services by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,429 shares of the company’s stock worth $587,000 after acquiring an additional 1,780 shares during the period. Millennium Management LLC raised its stake in shares of BrightSpring Health Services by 0.3% in the first quarter. Millennium Management LLC now owns 577,885 shares of the company’s stock valued at $10,454,000 after acquiring an additional 1,967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in BrightSpring Health Services by 11.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,280 shares of the company’s stock valued at $2,664,000 after purchasing an additional 14,586 shares during the period. Finally, Strs Ohio purchased a new stake in BrightSpring Health Services during the 1st quarter worth about $226,000.

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.