Life Time Group Holdings (LTH) Gets a Buy from RBC Capital

In a report released on March 23, Logan Reich from RBC Capital maintained a Buy rating on Life Time Group Holdings, with a price target of $38.00. The company’s shares closed yesterday at $26.46.

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According to TipRanks, Reich is an analyst with an average return of -14.9% and a 34.11% success rate. Reich covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Restaurant Brands International, and Dutch Bros Inc.

Life Time Group Holdings has an analyst consensus of Strong Buy, with a price target consensus of $40.45, implying a 52.87% upside from current levels. In a report released on March 19, Northland Securities also reiterated a Buy rating on the stock with a $42.00 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, Parham Javaheri, the EVP &PRESIDENT CLUB OPERATIONS of LTH sold 16,761.00 shares for a total of $444,522.24.