Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock Has Consensus Target Price of $35.62

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $35.62.

LIFE has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Ethos Technologies Inc. Class A Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Bank of America reaffirmed a “buy” rating and set a $38.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Thursday, September 24th. Citizens Jmp raised their price objective on Ethos Technologies Inc. Class A Common Stock from $33.00 to $40.00 and gave the company a “market outperform” rating in a report on Monday, October 12th. Citigroup restated a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Monday, October 12th. Finally, Barclays boosted their price objective on Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th.

Ethos Technologies Inc. Class A Common Stock Stock Performance

Ethos Technologies Inc. Class A Common Stock stock opened at $43.10 on Friday. The company has a market capitalization of $2.75 billion and a PE ratio of -15.12. Ethos Technologies Inc. Class A Common Stock has a 12-month low of $9.45 and a 12-month high of $44.99. The company has a 50-day simple moving average of $37.32.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.34. The company had revenue of $189.56 million during the quarter. The business’s quarterly revenue was up 113.5% compared to the same quarter last year. Research analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current year.

Insider Transactions at Ethos Technologies Inc. Class A Common Stock

In other news, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $33.12, for a total value of $3,570,170.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Brandt Walter Kucharski sold 8,735 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $32.47, for a total value of $283,625.45. Following the completion of the transaction, the chief accounting officer directly owned 91,648 shares of the company’s stock, valued at $2,975,810.56. This represents a 8.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,165,806 shares of company stock valued at $36,505,347. Company insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Ethos Technologies Inc. Class A Common Stock

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the third quarter worth $317,000. Cisco Systems Inc. acquired a new position in Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth about $81,000. Triumph Capital Management bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at about $160,000. Zevenbergen Capital Investments LLC bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at about $720,000. Finally, Glynn Capital Management LLC bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at about $15,999,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

About Ethos Technologies Inc. Class A Common Stock

Ethos Technologies Inc operates a technology-driven, direct-to-consumer platform for the distribution of life insurance products. Through its digital underwriting, data analytics, and proprietary technology, it enables consumers to explore, compare, and purchase life insurance policies online. The platform serves consumers, agents, and insurance carriers, and supports the application and policy issuance process through an online interface. The company works with insurance carriers to offer life insurance products in the United States through digital channels and independent agents.