KeyBanc Initiates a Buy Rating on Life Time Group Holdings (LTH)

KeyBanc analyst initiated coverage with a Buy rating on Life Time Group Holdings today and set a price target of $40.00.

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In addition to KeyBanc, Life Time Group Holdings also received a Buy from Jefferies’s Randal Konik in a report issued on March 10. However, on February 25, TipRanks – OpenAI reiterated a Hold rating on Life Time Group Holdings (NYSE: LTH).

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. Last month, Erik Weaver, the EVP & CFO of LTH sold 3,994.00 shares for a total of $117,594.87.