Life Time Group’s CFO sells $51,568 in stock

Erik Weaver, the Executive Vice President and Chief Financial Officer of Life Time Group Holdings, Inc. (NYSE:LTH), recently sold 1,741 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at an average price of $29.62, totaling approximately $51,568. Following the transaction, Weaver retains direct ownership of 96,361 shares in the company. The transaction comes as LTH shares have surged over 132% in the past year, with the stock currently trading near its 52-week high of $30.97. According to InvestingPro analysis, technical indicators suggest the stock is in overbought territory.

The sale was conducted to fulfill tax withholding obligations through a sell-to-cover transaction, as mandated by the issuer’s award agreement. InvestingPro subscribers have access to 17 additional key insights about Life Time Group Holdings, including detailed analysis of the company’s financial health, valuation metrics, and growth prospects through comprehensive Pro Research Reports.

In other recent news, Life Time Group Holdings Inc has been the focus of several analysts’ reports. Mizuho (NYSE:MFG) Securities raised its stock target for the company to $38, citing positive preannouncements for the fourth quarter and full year 2025. The firm’s revised EBITDA estimates for fiscal years 2024 and 2025 also reflect Life Time Group’s growing momentum.

Oppenheimer followed suit, increasing its stock target for Life Time Group to $43. The adjustment reflects the firm’s positive outlook on the company’s growth and operational efficiency. The company’s strategic repositioning and more efficient business model were highlighted as factors contributing to its promising prospects.

Craig-Hallum also raised its price target for Life Time Group to $40, following a visit to the company’s latest athletic country club. The firm noted the company’s potential for significant growth over the next decade, backed by stronger-than-anticipated fourth-quarter results and promising initial guidance for 2025.

RBC Capital Markets increased its price target for Life Time Group from $27 to $31, following the company’s preannouncement of its fourth quarter 2024 results and initial guidance for 2025, which surpassed expectations on both revenue and earnings.

Lastly, Guggenheim adjusted its price target for Life Time Group to $32, following the company’s significant fourth-quarter earnings beat and the release of an above-consensus guidance for the year 2025. The firm noted the company’s ability to grow its top and bottom lines significantly without incurring substantial incremental costs.

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