My No. 1 Coin Is...

You're looking for the #1 Coin to invest in... Am I right? Then check out this special $3 report. Inside, you'll find the name of the coin, how to invest, and what to expect. Don't miss your chance...

Why Is Behavioral Health-Focused LifeStance Health Stock Trading Higher Thursday?

Vandana Singh
February 28, 2024

Wednesday, LifeStance Health Group Inc (NASDAQ:LFST) reported fourth-quarter 2023 revenue of $280.60 million, up 22% Y/Y, beating the consensus of $263 million.

Strong revenue growth in the fourth quarter was driven primarily by net clinician growth, increased visit volumes, and total revenue per visit improvements.

The clinician base expanded by 18%, reaching 6,645 clinicians, with an addition of 227 clinicians in the fourth quarter and 1,014 for the full year.

Fourth quarter visit volumes increased by 20% to 1.8 million, contributing to a full-year visit volume increase of 20% to 6.9 million.

The net loss for the fourth quarter amounted to $45.0 million, primarily attributable to stock-based compensation and the settlement of a shareholder class action lawsuit. The full-year net loss stood at $186.3 million.

Despite the net loss, Adjusted EBITDA showed positive results, reaching $20.3 million in the fourth quarter and $59.0 million for the full year.

Loss from operations in the fourth quarter was $32.3 million, representing a 30% improvement from the same period in the prior year.

Center Margin experienced significant growth, increasing by 33% to $83.3 million in the fourth quarter.

Guidance: LifeStance expects fiscal year 2024 sales of $1.19 billion to $1.24 billion, versus a consensus of $1.20 billion.

The company sees a 2024 center margin of $345 million to $365 million and an adjusted EBITDA of $80 million to $90 million. Additionally, the company anticipates generating positive Free Cash Flow for the full year.

For the first quarter of 2024, LifeStance expects revenues of $287 million-$307 million, versus a consensus of $298.41 million, with a center margin of $81 million-$93 million and adjusted EBITDA of $17 million-$23 million.

William Blair notes that the recent quarter marks the conclusion of a successful year characterized by the company’s strategic transition and operational investments. 

LifeStance’s “clicks-and-mortar” operating model, providing virtual and in-person behavioral healthcare services, is considered unique and favorably positioned for sustained organic growth in the high-demand behavioral healthcare sector. 

These distinguishing features are seen as undervalued aspects that set LifeStance apart from its industry counterparts, making the company’s stock an attractive long-term investment and leading William Blair to reiterate their Outperform rating.

Price Action: LFST shares are up 31% at $8.78 on the last check Wednesday.

Photo by julia koblitz via Unsplash

Continue Reading...

Popular

2024 Stock Alert: Is This an AI Melt Up? - Ad

The AI "gold rush" is here. What comes next in 2024 could have consequences on your wealth and retirement for the next decade or more. Which is why you need to prepare for a reckoning in popular tech companies...and instead move your money into these under-the-radar AI stocks.

Brazil again postpones visa requirements for US, Canada and Australia, this time until 2025

RIO DE JANEIRO (AP) — Brazil’s government has postponed until April 2025 for citizens of the U.S., Australia, and Canada that had been scheduled to end on Wednesday.

Warren Buffett Is Known For His Simple Lifestyle But Here Are 8 Lavish Things We Know He Owns

Warren Buffett, the billionaire, embraces a modest lifestyle and prefers stashing his cash in the bank. Despite standing among the world's wealthiest, the priciest items he owns could surprise everyone.

A.I. Pioneer Warns: "I thought we had more time..." - Ad

A radical new A.I. development is about to blindside millions of Americans. This early A.I. pioneer just issued an urgent warning explaining everything.

US Postal Service seeking to hike cost of first-class stamp to 73 cents

WASHINGTON (AP) — The U.S. Postal Service signaled plans Tuesday for a rate increase that includes hiking the cost of a first-class stamp from 68 cents to 73 cents, part of an overall 7.8% increase to take effect this summer.

Ex-Trump CFO Allen Weisselberg to be sentenced for perjury, faces second stint in jail

NEW YORK (AP) — Allen Weisselberg, a former longtime executive in Donald Trump’s real estate empire, is set to be sentenced Wednesday for lying under oath in the ex-president’s New York .

The World's First "$20 Trillion Drug?" - Ad

One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see gains as high as 113,000%!

Biden Warns Of 'Exploding National Debt' If Trump's 'MAGA Extremists' Win Again

Joe Biden warns of potential consequences of a Trump return, including rising national debt, social security threats, and women's rights issues.

In Blow To Trump, Court Agrees To Keep Witnesses Anonymous In Mar-a-Lago Documents Mishandling Case

In a recent development in the case against former U.S. President Donald Trump over alleged mishandling of classified documents, the court has ruled that the witnesses involved can remain anonymous.

"Safe" Investors Who Don't Get Out of Cash NOW Could Lose Everything Over the Next Six Months - Ad

The next six months are going to be some of the most precarious times to invest in the history of the United States. Because for the first time, your money is at risk of being completely wiped out, even when you think it is safest. This bubble is on a schedule and to get out before your portfolio becomes shark bait, you need to...

Insiders Buying Zumiez And 3 Other Stocks

Although U.S. stocks closed little changed on Monday, there were a few notable insider trades.

Gold Is SOARING -- Here's What You Need to Do - Ad

Everything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for less than $5.

Jessica Alba steps down as chief creative officer at Honest, the personal care company she founded

Jessica Alba, who shot to fame in the James Cameron television series “Dark Angel,” as well as films such as “Sin City” and the “Fantastic Four,” will step down as chief creative officer at Honest Company, a personal care company that she founded.

Apple, Rivian, Amazon, Nikola, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Thursday, the primary U.S. stock market benchmarks closed higher, with the S&P 500 increasing by 0.74% to reach 5,199.06.

The Six Words That Could Destroy America... And the Value of Your Savings. - Ad

He predicted the dangerous rise of inflation... the death of the 60/40 portfolio... and now, this 40-year market veteran and retirement expert is stepping forward with a new must-see warning for every American. It involves the world's most powerful investors, central bankers, and America's most bitter geopolitical rivals.

Beyoncé becomes first Black woman to hit No. 1 on Billboard country albums chart

NEW YORK (AP) — has made history once again. Her latest album, the epic hit No. 1 on the Billboard country albums chart, making her the first Black woman to top the chart since its 1964 inception.

Macy's names 2 independent directors as part of agreement with activist investor

NEW YORK (AP) — Macy's said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain.

A.I. Pioneer Issues Urgent Warning to Americans - Ad

According to one early A.I. pioneer: "You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There's no middle option."

What's Going On With Weed Stocks Aurora Cannabis And Canopy Growth?

Aurora Cannabis, Inc. and Canopy Growth Corporation shares are trading lower Tuesday in sympathy with Tilray Brands which fell after reporting worse-than-expected third-quarter results. 

Top 2 Real Estate Stocks That Could Blast Off This Month

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

2,000,000 "A.I. Crown Jewels" Set for Mass Production - Ad

A.I. investors...get ready: Because this little-known supplier just received a GIGANTIC order from Nvidia. It's one of the biggest production runs in technology history. And it's part of the reason why Barrons says this supplier could see $100 BILLION in sales by 2025.

Why Tilray Brands Shares Are Trading Lower By Around 22%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Shares of Tilray Brands, Inc. (NASDAQ: TLRY) fell sharply during Tuesday’s session after the company missed third-quarter estimates and said it no longer expects to generate positive adjusted free

Trump Has 'Taken Most Unfavorable Political Position' On Abortion, Says Ex-Bush Strategist

Former Bush strategist Matthew Dowd criticizes Trump's abortion stance, suggesting a 15-16 week policy would have been better. Trump's statement faces backlash and could hurt his chances in upcoming elections.

This Defi Coin Could 10X Soon... - Ad

Do NOT miss this opportunity for life-changing gains this year. Experts are predicting this coin has potential for unprecedented growth. Even a small position could deliver 10x returns or greater very soon. Timing is everything.

Salvage crews have begun removing containers from the ship that collapsed Baltimore's Key bridge

BALTIMORE (AP) — Salvage crews on Sunday began removing containers from the deck of the cargo ship that crashed into and collapsed the , an important step toward the full reopening of one of the nation’s main shipping lanes.

Cannabis Market's Trading Volume Surges Up 292%, Viridian Capital Highlights Mixed Liquidity

A recent analysis by Viridian Capital Advisors provides intriguing insights into the liquidity of cannabis companies, indicating both advancements and setbacks in the sector.

Gold: Now Legal Tender - Ad

Most Americans missed this big story, but 1 in 5 states have now made gold and silver coins legal tender. It's just one reason why so many predict gold will soon hit $5,000. And why you need to check out this $5 strategy for gold immediately.

Bitcoin Haven El Salvador Is Offering 5000 'Free Passports' Says Nayib Bukele: 'Will Facilitate Their Relocation By Ensuring 0% Taxes'

Nayib Bukele, the President of El Salvador, announced a plan to offer 5,000 free passports to highly skilled professionals from around the world, promising a significant impact on the country’s future.

The Sleeper Crypto of 2024? - Ad

One little-known coin is quietly gearing up for a potential breakout. Our analysts believe it could be the surprise crypto hit of 2024. Discover the name of this under-the-radar gem and our full analysis for just $3.

Stocks Fall Ahead Of Key Inflation Data, Gold Defends Record Highs; Bitcoin Stumbles Below $70,000: What's Driving Markets Tuesday?

Stocks edged lower during midday trading on Tuesday as traders maintained a cautious stance in anticipation of the highly awaited Consumer Price Index (CPI) report scheduled for Wednesday, which could offer crucial insights into the potential course of actions by the Fed.

Google's Gemini 1.5 Pro AI Could Change How You Play Games And File Insurance Claims

Google Cloud unveils Gemini 1.5 Pro, a more advanced AI model, with enhanced performance and long-context understanding at Cloud Next event.

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Why NetEase Stock Is Seeing Blue Skies

NetEase shares closed higher by 3.8% for Tuesday's session. The stock gained following a report suggesting the company and Blizzard Entertainment are expected to announce a new deal.

Are AI Stocks in a Bubble? - Ad

Analysts at JP Morgan warn that an "AI-driven bubble" could drag the entire stock market down. What does that mean if you're holding AI stocks? To get more information from a 50-year Wall Street veteran, Including the name and ticker symbol of his #1 stock to buy for what's ahead.

Amazon adds Andrew Ng, a leading voice in artificial intelligence, to its board of directors

Amazon is adding to its board of directors, a move that comes amid intense AI competition among startups and big technology companies.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service