LifeStance Health Group (NASDAQ:LFST) Price Target Raised to $9.00

LifeStance Health Group (NASDAQ:LFSTGet Free Report) had its target price upped by equities research analysts at KeyCorp from $8.00 to $9.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective would suggest a potential upside of 26.85% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. BTIG Research raised their price target on shares of LifeStance Health Group from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Zacks Research lowered shares of LifeStance Health Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of LifeStance Health Group in a research report on Monday, December 29th. Barclays assumed coverage on LifeStance Health Group in a research note on Tuesday, December 9th. They issued an “overweight” rating and a $8.00 target price on the stock. Finally, BMO Capital Markets began coverage on LifeStance Health Group in a research report on Thursday, November 13th. They set an “outperform” rating and a $8.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $9.00.

View Our Latest Research Report on LifeStance Health Group

LifeStance Health Group Stock Down 4.3%

Shares of NASDAQ:LFST traded down $0.32 during mid-day trading on Thursday, hitting $7.10. 2,944,276 shares of the company traded hands, compared to its average volume of 1,795,452. The stock has a 50-day moving average price of $7.12 and a two-hundred day moving average price of $6.18. LifeStance Health Group has a 12-month low of $3.74 and a 12-month high of $8.30. The stock has a market cap of $2.76 billion, a P/E ratio of -233.37 and a beta of 1.12. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.18.

LifeStance Health Group (NASDAQ:LFSTGet Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $382.20 million for the quarter, compared to the consensus estimate of $378.51 million. LifeStance Health Group had a negative net margin of 0.67% and a negative return on equity of 0.62%. LifeStance Health Group’s revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) earnings per share. On average, equities research analysts forecast that LifeStance Health Group will post -0.18 earnings per share for the current year.

LifeStance Health Group declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 25th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Robert Bessler sold 119,942 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $7.04, for a total value of $844,391.68. Following the completion of the transaction, the director directly owned 1,318,983 shares of the company’s stock, valued at $9,285,640.32. This trade represents a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ann Varanakis sold 50,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $6.90, for a total value of $345,000.00. Following the sale, the insider owned 315,610 shares in the company, valued at approximately $2,177,709. The trade was a 13.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 270,086 shares of company stock worth $1,891,264 over the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LifeStance Health Group

A number of institutional investors and hedge funds have recently modified their holdings of LFST. Royal Bank of Canada grew its stake in LifeStance Health Group by 63.4% during the first quarter. Royal Bank of Canada now owns 70,248 shares of the company’s stock valued at $468,000 after acquiring an additional 27,244 shares in the last quarter. AQR Capital Management LLC boosted its holdings in LifeStance Health Group by 223.0% in the 1st quarter. AQR Capital Management LLC now owns 51,500 shares of the company’s stock valued at $343,000 after purchasing an additional 35,554 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in LifeStance Health Group by 3.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 142,950 shares of the company’s stock valued at $952,000 after purchasing an additional 4,169 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of LifeStance Health Group by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 615,652 shares of the company’s stock valued at $4,100,000 after purchasing an additional 11,331 shares in the last quarter. Finally, Corton Capital Inc. grew its position in shares of LifeStance Health Group by 97.7% during the 2nd quarter. Corton Capital Inc. now owns 26,655 shares of the company’s stock valued at $138,000 after purchasing an additional 13,171 shares in the last quarter. 85.50% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting LifeStance Health Group

Here are the key news stories impacting LifeStance Health Group this week:

LifeStance Health Group Company Profile

(Get Free Report)

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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Analyst Recommendations for LifeStance Health Group (NASDAQ:LFST)

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