LifeStance Health Group, Inc. (NASDAQ:LFST) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in shares of LifeStance Health Group, Inc. (NASDAQ:LFST - Free Report) by 421.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 612,800 shares of the company's stock after buying an additional 495,300 shares during the quarter. Renaissance Technologies LLC owned 0.16% of LifeStance Health Group worth $4,516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in LifeStance Health Group by 124.4% during the 4th quarter. Blue Trust Inc. now owns 3,828 shares of the company's stock worth $27,000 after purchasing an additional 2,122 shares during the period. LPL Financial LLC lifted its position in LifeStance Health Group by 6.0% during the 4th quarter. LPL Financial LLC now owns 37,584 shares of the company's stock worth $277,000 after acquiring an additional 2,127 shares during the period. Legal & General Group Plc grew its stake in shares of LifeStance Health Group by 4.6% in the 4th quarter. Legal & General Group Plc now owns 134,557 shares of the company's stock valued at $992,000 after purchasing an additional 5,917 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of LifeStance Health Group by 4.5% in the fourth quarter. Rhumbline Advisers now owns 195,581 shares of the company's stock valued at $1,441,000 after purchasing an additional 8,487 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of LifeStance Health Group by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,113,499 shares of the company's stock worth $8,206,000 after purchasing an additional 9,046 shares during the last quarter. Hedge funds and other institutional investors own 85.50% of the company's stock.

LifeStance Health Group Trading Up 0.7 %

LifeStance Health Group stock traded up $0.05 during trading on Friday, reaching $6.54. The company had a trading volume of 547,855 shares, compared to its average volume of 1,611,432. LifeStance Health Group, Inc. has a 12-month low of $4.64 and a 12-month high of $8.61. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of -25.13 and a beta of 1.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.32 and a current ratio of 1.32. The stock's 50 day moving average price is $7.02 and its two-hundred day moving average price is $7.31.

Analyst Ratings Changes

LFST has been the topic of several recent analyst reports. Canaccord Genuity Group initiated coverage on LifeStance Health Group in a research report on Thursday, April 3rd. They set a "buy" rating and a $8.00 target price on the stock. KeyCorp initiated coverage on LifeStance Health Group in a research report on Tuesday, April 8th. They set an "overweight" rating and a $9.00 price objective for the company. Finally, William Blair reiterated an "outperform" rating on shares of LifeStance Health Group in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $8.30.

Insider Transactions at LifeStance Health Group

In other LifeStance Health Group news, insider Lisa K. Miller sold 18,845 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $6.90, for a total transaction of $130,030.50. Following the completion of the sale, the insider now directly owns 339,810 shares in the company, valued at $2,344,689. The trade was a 5.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.60% 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.