Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock Has Consensus Target Price of $32.29

Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) have received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $33.00.

A number of research firms have weighed in on LIFE. Citigroup reissued a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Robert W. Baird lifted their price target on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Citizens Jmp boosted their price target on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 4th. Bank of America reissued a “buy” rating and issued a $38.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a report on Thursday, September 24th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th.

Insider Buying and Selling

In other news, President Lingke Wang sold 118,333 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $33.29, for a total value of $3,939,305.57. Following the completion of the sale, the president owned 1,537,543 shares of the company’s stock, valued at $51,184,806.47. This represents a 7.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Peter Colis sold 29,342 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $34.18, for a total transaction of $1,002,909.56. Following the completion of the sale, the chief executive officer directly owned 1,565,960 shares of the company’s stock, valued at approximately $53,524,512.80. This trade represents a 1.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,093,107 shares of company stock worth $31,271,566 over the last ninety days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. The Manufacturers Life Insurance Company bought a new position in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 341,279 shares of the company’s stock, valued at approximately $6,191,000. The Manufacturers Life Insurance Company owned about 0.54% of Ethos Technologies Inc. Class A Common Stock as of its most recent SEC filing. Hedge funds and other institutional investors own 61.72% of the company’s stock.

Ethos Technologies Inc. Class A Common Stock Price Performance

LIFE opened at $33.85 on Wednesday. The stock has a market cap of $2.16 billion and a price-to-earnings ratio of -11.88. The business has a 50 day simple moving average of $32.94. Ethos Technologies Inc. Class A Common Stock has a 1-year low of $9.45 and a 1-year high of $42.55.

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 (EPS) 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 firm’s revenue for the quarter was up 113.5% compared to the same quarter last year. On average, sell-side analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

Ethos Technologies Inc. Class A Common Stock Company Profile

Ethos Technologies Inc is a special purpose acquisition company (SPAC) whose Class A common stock trades on the Nasdaq Stock Market under the symbol LIFE. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with an operating business.

Unlike an operating company, Ethos Technologies does not currently appear to have established products, services, or significant commercial operations of its own.