Oppenheimer Keeps Their Buy Rating on Life Time Group Holdings (LTH)

In a report released today, Brian Nagel from Oppenheimer reiterated a Buy rating on Life Time Group Holdings, with a price target of $43.00.

Claim 50% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Nagel covers the Consumer Cyclical sector, focusing on stocks such as Home Depot, Lowe’s, and Monro Muffler. According to TipRanks, Nagel has an average return of 18.3% and a 59.76% success rate on recommended stocks.

In addition to Oppenheimer, Life Time Group Holdings also received a Buy from Northland Securities’s Owen Rickert in a report issued today. However, on the same day, TipRanks – xAI downgraded Life Time Group Holdings (NYSE: LTH) to a Hold.

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.