BrightSpring Health Services (NASDAQ:BTSG) Price Target Raised to $42.00

BrightSpring Health Services (NASDAQ:BTSG) had its target price upped by Mizuho from $38.00 to $42.00 in a research report released on Thursday morning, Marketbeat reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also recently weighed in on the company. KeyCorp upgraded BrightSpring Health Services from a “sector weight” rating to an “overweight” rating and set a $45.00 price target for the company in a research report on Friday, December 12th. Jefferies Financial Group set a $36.00 target price on shares of BrightSpring Health Services and gave the company a “buy” rating in a report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of BrightSpring Health Services in a report on Monday, December 15th. Morgan Stanley lifted their price objective on shares of BrightSpring Health Services from $25.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, William Blair began coverage on shares of BrightSpring Health Services in a research report on Monday, December 8th. They issued an “outperform” rating for the company. Two investment 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. Based on data from MarketBeat.com, BrightSpring Health Services presently has an average rating of “Buy” and a consensus target price of $39.08.

BrightSpring Health Services Trading Up 2.3%

NASDAQ BTSG opened at $37.49 on Thursday. BrightSpring Health Services has a 1 year low of $15.26 and a 1 year high of $37.94. 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 company has a market capitalization of $6.76 billion, a PE ratio of 61.46, a P/E/G ratio of 0.66 and a beta of 2.36. The company has a fifty day moving average of $33.77 and a 200 day moving average of $27.15.

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 the consensus estimate of $0.27 by $0.03. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.16 billion. BrightSpring Health Services had a return on equity of 11.61% and a net margin of 1.04%.BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. Research analysts forecast that BrightSpring Health Services will post 0.59 earnings per share for the current year.

Insider Transactions at BrightSpring Health Services

In related news, insider Lisa A. Nalley sold 20,000 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 $575,600.00. Following the sale, the insider directly owned 131,150 shares in the company, valued at approximately $3,774,497. The trade was a 13.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jon B. Rousseau sold 235,000 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 $6,763,300.00. Following 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 position. The SEC filing for this sale provides additional information. 3.40% of the stock is owned by insiders.

Institutional Trading of BrightSpring Health Services

Institutional investors have recently made changes to their positions in the company. Northern Trust Corp grew its holdings in shares of BrightSpring Health Services by 5.8% during the 1st quarter. Northern Trust Corp now owns 566,623 shares of the company’s stock worth $10,250,000 after purchasing an additional 31,289 shares during the period. Voya Investment Management LLC lifted its position in BrightSpring Health Services by 9.0% in the first quarter. Voya Investment Management LLC now owns 199,711 shares of the company’s stock valued at $3,613,000 after buying an additional 16,434 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its position in BrightSpring Health Services by 145.1% in 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 buying an additional 556,152 shares during the last quarter. Strs Ohio purchased a new position in BrightSpring Health Services during the first quarter worth about $226,000. Finally, Invesco Ltd. increased its position in shares of BrightSpring Health Services by 47.7% during the second quarter. Invesco Ltd. now owns 9,119,408 shares of the company’s stock valued at $215,127,000 after acquiring an additional 2,946,811 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.