Oppenheimer analyst Brian Nagel maintained a Buy rating on Life Time Group Holdings (LTH – Research Report) today and set a price target of $33.00. The company’s shares opened today at $12.32.
According to TipRanks, Nagel is a top 100 analyst with an average return of 20.1% and a 64.07% success rate. Nagel covers the Consumer Cyclical sector, focusing on stocks such as CarMax, Dick’s Sporting Goods, and O’Reilly Auto.
In addition to Oppenheimer, Life Time Group Holdings also received a Buy from Bank of America Securities’s Robert Ohmes in a report issued yesterday. However, today, Goldman Sachs maintained a Hold rating on Life Time Group Holdings (NYSE: LTH).
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Based on Life Time Group Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $561.73 million and a net profit of $17 million. In comparison, last year the company earned a revenue of $461.27 million and had a GAAP net loss of $2.29 million
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LTH in relation to earlier this year.
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Life Time Group Holdings (LTH) Company Description:
Life Time Group Holdings Inc is primarily engaged in designing, building, and operating distinctive and large, multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment, principally in residential locations of major metropolitan areas in the United States and Canada.
Read More on LTH:
- Life Time Group cuts FY23 revenue view to $2.21B-$2.22B from $2.24B-$2.27B
- Life Time Group sees Q4 revenue $555M-$565M, consensus $577.1M
- Life Time Reports Third Quarter Fiscal 2023 Financial Results
- Life Time Group reports Q3 adjusted EPS 13c, consensus 12c
- Life Time to Acquire Arden Hills Athletic & Social Club Property in Sacramento in Early 2024
