LifeStance Health Group, Inc. (NASDAQ:LFST – Get Rating) has been assigned an average rating of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $8.21.
Several brokerages have recently commented on LFST. Cowen lowered their price objective on LifeStance Health Group from $10.00 to $8.00 and set an "outperform" rating on the stock in a research report on Monday, November 14th. Cowen decreased their target price on LifeStance Health Group from $10.00 to $8.00 and set an "outperform" rating on the stock in a research report on Monday, November 14th. Morgan Stanley upgraded LifeStance Health Group from an "equal weight" rating to an "overweight" rating and set a $8.00 target price on the stock in a research report on Friday, January 6th. The Goldman Sachs Group decreased their target price on LifeStance Health Group from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 15th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $7.25 target price on shares of LifeStance Health Group in a research report on Monday, November 7th.
Get LifeStance Health Group alerts:LifeStance Health Group Price Performance
Shares of LifeStance Health Group stock opened at $5.24 on Tuesday. The stock's 50-day simple moving average is $5.10 and its 200-day simple moving average is $6.36. LifeStance Health Group has a 52 week low of $4.22 and a 52 week high of $11.25. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -6.55 and a beta of 0.61. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.14.
LifeStance Health Group (NASDAQ:LFST – Get Rating) last announced its quarterly earnings data on Tuesday, November 8th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.04. LifeStance Health Group had a negative return on equity of 18.01% and a negative net margin of 33.77%. The business had revenue of $217.56 million for the quarter, compared to the consensus estimate of $219.69 million. As a group, analysts expect that LifeStance Health Group will post -0.6 earnings per share for the current fiscal year.Institutional Investors Weigh In On LifeStance Health Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OLD National Bancorp IN bought a new position in shares of LifeStance Health Group during the fourth quarter valued at approximately $49,000. Dynamic Advisor Solutions LLC bought a new position in shares of LifeStance Health Group during the fourth quarter valued at approximately $56,000. Ameritas Investment Partners Inc. grew its stake in shares of LifeStance Health Group by 56.6% during the first quarter. Ameritas Investment Partners Inc. now owns 5,575 shares of the company's stock valued at $56,000 after buying an additional 2,016 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of LifeStance Health Group during the second quarter valued at approximately $63,000. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of LifeStance Health Group during the third quarter valued at approximately $75,000. 76.49% of the stock is currently owned by hedge funds and other institutional investors.
About LifeStance Health Group
(Get Rating)
LifeStance Health Group, Inc, through its subsidiaries, provides outpatient mental health services. 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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