BUZZ-LifeStance Health slides on secondary offering

JPMorgan Chase & Co.
LifeStance Health
TPG Inc Class A

JPMorgan Chase & Co.

JPM

0.00

LifeStance Health

LFST

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TPG Inc Class A

TPG

0.00

** Mental healthcare provider LifeStance Health LFST.O shares down 8.6% after hours at $11.34 after secondary offering news

** Scottsdale, Arizona-based LFST announces certain stockholders to offload 35 mln shares

** In addition, LFST to repurchase 6 mln offering shares from the underwriter, JP Morgan

** LFST has ~387.8 mln shares outstanding

** In Feb, private equity firms TPG Capital TPG.O and Summit Partners cut their stakes in secondary offering of 25 mln shares

** LFST shares surged 20.2% to close at $8.85 on Thurs after co reported Q1 rev grew 21% yr/yr to $403.5 mln, topping LSEG consensus, driven by higher visit volumes and net clinician growth. It also hiked 2026 rev guidance to $1.64-$1.68 bln

** At close, stock up 26% YTD

** 9 of 11 analysts rate the stock "strong buy" or "buy", 2 "hold"; median PT $10.50