Bank of America Securities Sticks to Their Buy Rating for Life Time Group Holdings (LTH)

Bank of America Securities analyst Andrew Didora maintained a Buy rating on Life Time Group Holdings yesterday and set a price target of $43.00. The company’s shares closed yesterday at $27.85.

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According to TipRanks, Didora is a 2-star analyst with an average return of 0.0% and a 53.70% success rate. Didora covers the Industrials sector, focusing on stocks such as Allegiant Travel Company, Alaska Air, and Delta Air Lines.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Life Time Group Holdings with a $40.00 average price target, implying a 43.63% upside from current levels. In a report released today, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $32.00 price target.

Based on Life Time Group Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $745.1 million and a net profit of $123 million. In comparison, last year the company earned a revenue of $663.28 million and had a net profit of $37.16 million

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LTH in relation to earlier this year. Earlier this month, Erik Weaver, the EVP & CFO of LTH sold 3,994.00 shares for a total of $117,594.87.