GSA Capital Partners LLP lifted its holdings in shares of LifeStance Health Group, Inc. (NASDAQ:LFST – Free Report) by 161.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,492 shares of the company’s stock after purchasing an additional 42,932 shares during the quarter. GSA Capital Partners LLP’s holdings in LifeStance Health Group were worth $429,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in LifeStance Health Group in the 3rd quarter worth about $34,000. Assetmark Inc. grew its holdings in LifeStance Health Group by 21.6% in the fourth quarter. Assetmark Inc. now owns 11,895 shares of the company’s stock valued at $93,000 after purchasing an additional 2,114 shares during the period. Stratos Wealth Partners LTD. acquired a new position in LifeStance Health Group during the fourth quarter worth approximately $93,000. SG Americas Securities LLC raised its stake in LifeStance Health Group by 37.6% during the fourth quarter. SG Americas Securities LLC now owns 41,325 shares of the company’s stock worth $324,000 after purchasing an additional 11,295 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of LifeStance Health Group by 17.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 184,190 shares of the company’s stock valued at $1,136,000 after purchasing an additional 27,605 shares during the last quarter. Hedge funds and other institutional investors own 85.50% of the company’s stock.
Insider Activity at LifeStance Health Group
In other LifeStance Health Group news, insider Paula Cipollone sold 48,278 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $7.22, for a total value of $348,567.16. Following the completion of the transaction, the insider now owns 239,915 shares in the company, valued at approximately $1,732,186.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Paula Cipollone sold 48,278 shares of LifeStance Health Group stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $7.22, for a total transaction of $348,567.16. Following the sale, the insider now owns 239,915 shares in the company, valued at $1,732,186.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Summit Partners Growth Equity sold 3,802,345 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $5.89, for a total transaction of $22,395,812.05. Following the completion of the transaction, the insider now owns 41,932,358 shares of the company’s stock, valued at $246,981,588.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,087,716 shares of company stock worth $24,010,444. 6.60% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley restated an “overweight” rating and set a $10.00 price objective on shares of LifeStance Health Group in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.80.
Get Our Latest Research Report on LifeStance Health Group
LifeStance Health Group Trading Up 2.8 %
Shares of LFST stock opened at $5.48 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.20. LifeStance Health Group, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $9.52. The firm’s 50 day moving average price is $5.77 and its two-hundred day moving average price is $6.29. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -11.42 and a beta of 1.20.
LifeStance Health Group (NASDAQ:LFST – Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.03. LifeStance Health Group had a negative net margin of 15.69% and a negative return on equity of 11.92%. The business had revenue of $300.44 million for the quarter, compared to analyst estimates of $299.02 million. During the same quarter in the previous year, the business posted ($0.09) EPS. The business’s quarterly revenue was up 18.9% on a year-over-year basis. On average, analysts anticipate that LifeStance Health Group, Inc. will post -0.26 EPS for the current year.
About LifeStance Health Group
LifeStance Health Group, Inc, through its subsidiaries, provides outpatient mental health services to children, adolescents, adults, and geriatrics in the United States. The company offers patients a suite of mental health services, including psychiatric evaluations and treatment, psychological, and neuropsychological testing, as well as individual, family, and group therapy.
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