BrightSpring Health Services (BTSG) Stock Price, News & Analysis

Company Overview

BrightSpring Health Services, Inc. operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations. It serves patients through clinical providers and pharmacists. The company was formerly known as Phoenix Parent Holdings Inc. and changed its name to BrightSpring Health Services, Inc. in May 2021. BrightSpring Health Services, Inc. was founded in 1974 and is headquartered in Louisville, Kentucky.

Key Stats

• Today's Range: $18.60 to $19.03
• 50-Day Range: $13.92 to $20.04
• 52-Week Range: $7.85 to $20.25
• Volume: 1.08 million shs
• Average Volume: 1.49 million shs
• Market Capitalization: $3.26 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $16.79
• Consensus Rating: Moderate Buy

BrightSpring Health Services Stock Analysis - MarketRank™

BrightSpring Health Services scored higher than 58% of companies evaluated by MarketBeat, and ranked 480th out of 956 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

BrightSpring Health Services has received a consensus rating of Moderate Buy. The company's average rating score is 2.93, and is based on 13 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

BrightSpring Health Services has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 57.63%

Earnings Growth

Earnings for BrightSpring Health Services are expected to grow by 57.63% in the coming year, from $0.59 to $0.93 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of BrightSpring Health Services is -72.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of BrightSpring Health Services is -72.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

BrightSpring Health Services has a P/B Ratio of 2.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

11.70% of the float of BrightSpring Health Services has been sold short.

Short Interest Ratio / Days to Cover

BrightSpring Health Services has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in BrightSpring Health Services has recently decreased by 12.29%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

BrightSpring Health Services does not currently pay a dividend.

Dividend Growth

BrightSpring Health Services does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

11.70% of the float of BrightSpring Health Services has been sold short.

Short Interest Ratio / Days to Cover

BrightSpring Health Services has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in BrightSpring Health Services has recently decreased by 12.29%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.29

News Sentiment

BrightSpring Health Services has a news sentiment score of 1.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for BrightSpring Health Services this week, compared to 3 articles on an average week.

MarketBeat Follows

2 people have added BrightSpring Health Services to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, BrightSpring Health Services insiders have bought more of their company's stock than they have sold. Specifically, they have bought $129,330,578.00 in company stock and sold $0.00 in company stock.

BTSG Stock Analysis - Frequently Asked Questions

How have BTSG shares performed this year?

BrightSpring Health Services' stock was trading at $11.00 at the start of the year. Since then, BTSG shares have increased by 70.5% and is now trading at $18.75.
View the best growth stocks for 2024 here.

How were BrightSpring Health Services' earnings last quarter?

BrightSpring Health Services, Inc. (NASDAQ:BTSG) posted its earnings results on Friday, November, 1st. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by $0.07. The firm's revenue for the quarter was up 28.8% compared to the same quarter last year.

When did BrightSpring Health Services IPO?

BrightSpring Health Services (BTSG) raised $693 million in an initial public offering on Friday, January 26th 2024. The company issued 53,333,334 shares at $13.00 per share.

Who are BrightSpring Health Services' major shareholders?

Top institutional shareholders of BrightSpring Health Services include Walgreens Boots Alliance Inc. (13.35%), FMR LLC (10.43%), Healthcare of Ontario Pension Plan Trust Fund (1.60%) and Geode Capital Management LLC (0.75%). Insiders that own company stock include Kkr Group Partnership LP, Jennifer A Phipps, James F Mattingly Jr and Matthew Dambrosio.
View institutional ownership trends.

How do I buy shares of BrightSpring Health Services?

Shares of BTSG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of BrightSpring Health Services own?

Based on aggregate information from My MarketBeat watchlists, some other companies that BrightSpring Health Services investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), ServiceNow (NOW), CrowdStrike (CRWD) and Adobe (ADBE).

Company Calendar

• Last Earnings: 11/01/2024
• Today: 11/24/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Home health care services
• Sub-Industry: Healthcare
• Current Symbol: NASDAQ:BTSG
• Previous Symbol: NASDAQ:BTSG
• CUSIP: N/A
• CIK: 1865782
• Web: www.brightspringhealth.com
• Phone: 502-394-2100
• Fax: N/A
• Employees: 35,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.79
• High Stock Price Target: $20.00
• Low Stock Price Target: $11.50
• Potential Upside/Downside: -10.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.93
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.26)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 31.78
• P/E Growth: N/A
• Net Income: $-154,600,000.00
• Net Margins: -0.38%
• Pretax Margin: -0.70%
• Return on Equity: 4.16%
• Return on Assets: 0.99%

Debt

• Debt-to-Equity Ratio: 1.63
• Current Ratio: 1.35
• Quick Ratio: 0.97

Sales & Book Value

• Annual Sales: $8.83 billion
• Price / Sales: 0.37
• Cash Flow: $0.40 per share
• Price / Cash Flow: 46.76
• Book Value: $9.27 per share
• Price / Book: 2.02

Miscellaneous

• Outstanding Shares: 174,130,000
• Free Float: N/A
• Market Cap: $3.26 billion
• Optionable: Optionable
• Beta: N/A