LifeStance Health Group, Inc. (NASDAQ:LFST – Get Free Report) Director Robert Bessler sold 75,000 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $8.55, for a total value of $641,250.00. Following the completion of the transaction, the director owned 1,236,948 shares of the company’s stock, valued at $10,575,905.40. The trade was a 5.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Robert Bessler also recently made the following trade(s):
- On Friday, April 24th, Robert Bessler sold 62,147 shares of LifeStance Health Group stock. The stock was sold at an average price of $7.05, for a total value of $438,136.35.
- On Thursday, April 23rd, Robert Bessler sold 7,752 shares of LifeStance Health Group stock. The shares were sold at an average price of $7.00, for a total value of $54,264.00.
- On Tuesday, April 21st, Robert Bessler sold 5,101 shares of LifeStance Health Group stock. The shares were sold at an average price of $7.01, for a total value of $35,758.01.
LifeStance Health Group Stock Performance
NASDAQ:LFST opened at $8.10 on Thursday. The stock has a market cap of $3.14 billion, a P/E ratio of 135.00 and a beta of 1.20. The company has a current ratio of 1.48, a quick ratio of 1.65 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average is $6.86 and its 200-day moving average is $6.76. LifeStance Health Group, Inc. has a 1-year low of $3.74 and a 1-year high of $8.89.
LifeStance Health Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 25th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on LFST. KeyCorp lifted their price target on shares of LifeStance Health Group from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Barclays increased their price objective on LifeStance Health Group from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Friday, March 6th. BTIG Research raised their target price on LifeStance Health Group from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Weiss Ratings raised LifeStance Health Group from a “sell (d-)” rating to a “hold (c-)” rating in a report on Friday, February 27th. Finally, Canaccord Genuity Group upped their price target on LifeStance Health Group from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, LifeStance Health Group has an average rating of “Buy” and an average target price of $10.00.
Get Our Latest Stock Analysis on LifeStance Health Group
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of LFST. Larson Financial Group LLC boosted its stake in shares of LifeStance Health Group by 19,952.6% in the 4th quarter. Larson Financial Group LLC now owns 3,810 shares of the company’s stock valued at $27,000 after purchasing an additional 3,791 shares during the last quarter. KBC Group NV bought a new position in LifeStance Health Group during the first quarter worth $29,000. PNC Financial Services Group Inc. lifted its holdings in LifeStance Health Group by 615.3% in the first quarter. PNC Financial Services Group Inc. now owns 9,285 shares of the company’s stock valued at $59,000 after buying an additional 7,987 shares during the period. Assetmark Inc. lifted its holdings in LifeStance Health Group by 17.0% in the first quarter. Assetmark Inc. now owns 9,419 shares of the company’s stock valued at $60,000 after buying an additional 1,367 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in LifeStance Health Group during the second quarter valued at $52,000. Institutional investors and hedge funds own 85.50% of the company’s stock.
LifeStance Health Group Company Profile
LifeStance Health Group (NASDAQ:LFST) is a leading provider of outpatient mental health services in the United States. Headquartered in New York City, the company operates a growing network of clinics that deliver integrated, patient-centered psychological and psychiatric care. LifeStance’s mission is to expand access to high-quality mental health treatment by combining evidence-based therapy modalities with personalized treatment plans.
The company’s service offerings include individual, family, and group psychotherapy, psychiatric medication management, psychological assessment, and telehealth services.
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