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 firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $6.90, for a total transaction of $130,030.50. Following the sale, the insider now owns 339,810 shares of the company’s stock, valued at $2,344,689. This represents a 5.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

LifeStance Health Group Stock Performance

NASDAQ:LFST opened at $6.81 on Thursday. The company has a fifty day simple moving average of $7.75 and a two-hundred day simple moving average of $7.35. The company has a market cap of $2.62 billion, a price-to-earnings ratio of -26.19 and a beta of 1.27. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.19. LifeStance Health Group, Inc. has a 52 week low of $4.64 and a 52 week high of $8.61.

Analysts Set New Price Targets

Several analysts recently weighed in on LFST shares. The Goldman Sachs Group upgraded shares of LifeStance Health Group from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a report on Monday, December 16th. William Blair reiterated an “outperform” rating on shares of LifeStance Health Group in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, LifeStance Health Group has an average rating of “Hold” and a consensus target price of $8.63.

Hedge Funds Weigh In On LifeStance Health Group

Several institutional investors have recently modified their holdings of LFST. Blue Trust Inc. grew its stake in shares of LifeStance Health Group by 124.4% in the fourth quarter. Blue Trust Inc. now owns 3,828 shares of the company’s stock worth $27,000 after acquiring an additional 2,122 shares in the last quarter. Townsquare Capital LLC acquired a new position in shares of LifeStance Health Group in the third quarter worth $73,000. R Squared Ltd acquired a new position in shares of LifeStance Health Group in the fourth quarter worth $80,000. Ameriprise Financial Inc. acquired a new position in shares of LifeStance Health Group in the fourth quarter worth $87,000. Finally, Cibc World Markets Corp acquired a new position in shares of LifeStance Health Group in the fourth quarter worth $96,000. Institutional investors and hedge funds own 85.50% of the company’s stock.

LifeStance Health Group Company Profile

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.