Lisa K. Miller Sells 18,845 Shares of LifeStance Health Group, Inc. (NASDAQ:LFST) Stock

LifeStance Health Group, Inc. (NASDAQ:LFST) insider Lisa K. Miller sold 18,845 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $6.90, for a total value of $130,030.50. Following the completion of the transaction, the insider now owns 339,810 shares of the company’s stock, valued at $2,344,689. The trade was a 5.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

LifeStance Health Group Stock Performance

LifeStance Health Group stock opened at $6.82 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a fifty day moving average price of $7.73 and a two-hundred day moving average price of $7.34. LifeStance Health Group, Inc. has a 52-week low of $4.64 and a 52-week high of $8.61. The firm has a market capitalization of $2.62 billion, a P/E ratio of -26.23 and a beta of 1.27.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LFST. William Blair restated an “outperform” rating on shares of LifeStance Health Group in a research note on Friday, February 28th. The Goldman Sachs Group upgraded LifeStance Health Group from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, LifeStance Health Group has a consensus rating of “Hold” and an average price target of $8.63.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in LifeStance Health Group by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 10,689,396 shares of the company’s stock worth $78,781,000 after acquiring an additional 784,818 shares in the last quarter. Jennison Associates LLC raised its stake in LifeStance Health Group by 278.4% during the fourth quarter. Jennison Associates LLC now owns 8,086,380 shares of the company’s stock worth $59,597,000 after acquiring an additional 5,949,438 shares in the last quarter. Wellington Management Group LLP raised its stake in LifeStance Health Group by 9.2% during the fourth quarter. Wellington Management Group LLP now owns 5,276,237 shares of the company’s stock worth $38,886,000 after acquiring an additional 445,796 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of LifeStance Health Group by 6.1% during the third quarter. Principal Financial Group Inc. now owns 4,116,766 shares of the company’s stock worth $28,817,000 after purchasing an additional 235,316 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of LifeStance Health Group by 87.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,524,529 shares of the company’s stock worth $25,977,000 after purchasing an additional 1,643,390 shares during the last quarter. 85.50% of the stock is currently owned by institutional investors and hedge funds.

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.