UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 48,634 Shares of LifeStance Health Group, Inc. (NASDAQ:LFST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in LifeStance Health Group, Inc. (NASDAQ:LFST) by 10.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 516,819 shares of the company’s stock after buying an additional 48,634 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in LifeStance Health Group were worth $3,618,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Townsquare Capital LLC bought a new position in LifeStance Health Group in the third quarter worth approximately $73,000. Park Edge Advisors LLC bought a new stake in LifeStance Health Group during the third quarter valued at about $73,000. CIBC Asset Management Inc purchased a new stake in LifeStance Health Group in the second quarter worth about $53,000. Algert Global LLC bought a new position in shares of LifeStance Health Group in the second quarter worth about $57,000. Finally, Victory Capital Management Inc. lifted its position in shares of LifeStance Health Group by 27.0% during the 2nd quarter. Victory Capital Management Inc. now owns 14,407 shares of the company’s stock valued at $71,000 after buying an additional 3,063 shares in the last quarter. Hedge funds and other institutional investors own 85.50% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert Bessler sold 75,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $7.54, for a total value of $565,500.00. Following the sale, the director now owns 1,424,447 shares in the company, valued at approximately $10,740,330.38. The trade was a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.60% of the company’s stock.

LifeStance Health Group Stock Up 0.4 %

NASDAQ LFST opened at $7.22 on Friday. LifeStance Health Group, Inc. has a 12 month low of $4.64 and a 12 month high of $9.20. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.76 billion, a PE ratio of -27.77 and a beta of 1.28. The stock’s 50 day moving average is $7.16 and its 200 day moving average is $6.31.

LifeStance Health Group (NASDAQ:LFST) last released its earnings results on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.05. LifeStance Health Group had a negative net margin of 7.90% and a negative return on equity of 6.66%. The firm had revenue of $312.70 million for the quarter, compared to the consensus estimate of $302.25 million. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. Research analysts predict that LifeStance Health Group, Inc. will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LFST. Barclays raised their target price on shares of LifeStance Health Group from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Monday, November 11th. UBS Group reduced their price objective on shares of LifeStance Health Group from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, LifeStance Health Group presently has a consensus rating of “Hold” and a consensus price target of $8.50.

LifeStance Health Group 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.