Insider Selling: BrightSpring Health Services (NASDAQ:BTSG) Insider Sells $2,056,250.00 in Stock

BrightSpring Health Services, Inc. (NASDAQ:BTSG) insider Lisa Nalley sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $58.75, for a total value of $2,056,250.00. Following the transaction, the insider directly owned 131,948 shares in the company, valued at $7,751,945. This trade represents a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

BrightSpring Health Services Price Performance

BTSG stock opened at $57.40 on Monday. BrightSpring Health Services, Inc. has a 52-week low of $19.01 and a 52-week high of $62.11. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.38 and a current ratio of 1.74. The firm has a market capitalization of $11.32 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 0.74 and a beta of 1.87. The firm has a 50 day moving average price of $51.25 and a 200-day moving average price of $43.07.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, May 1st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the firm earned $0.14 EPS. BrightSpring Health Services’s revenue was up 25.6% on a year-over-year basis. Equities research analysts forecast that BrightSpring Health Services, Inc. will post 1.67 EPS for the current fiscal year.

Institutional Investors Weigh In On BrightSpring Health Services

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC raised its holdings in BrightSpring Health Services by 17.5% in the fourth quarter. CWM LLC now owns 1,874 shares of the company’s stock worth $70,000 after purchasing an additional 279 shares in the last quarter. State of Wyoming raised its stake in shares of BrightSpring Health Services by 4.5% during the 1st quarter. State of Wyoming now owns 7,776 shares of the company’s stock worth $331,000 after acquiring an additional 336 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in BrightSpring Health Services by 17.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,826 shares of the company’s stock valued at $143,000 after acquiring an additional 565 shares during the last quarter. Moran Wealth Management LLC boosted its stake in BrightSpring Health Services by 9.0% in the first quarter. Moran Wealth Management LLC now owns 6,925 shares of the company’s stock valued at $295,000 after acquiring an additional 572 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in BrightSpring Health Services in the first quarter valued at approximately $31,000.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley upped their price target on BrightSpring Health Services from $62.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Wall Street Zen downgraded BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 23rd. BMO Capital Markets set a $70.00 target price on shares of BrightSpring Health Services in a report on Thursday, May 21st. Stephens boosted their price objective on BrightSpring Health Services from $53.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of BrightSpring Health Services from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $58.53.

BrightSpring Health Services Company Profile

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.