Barclays Issues Positive Forecast for Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock Price

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) had its target price lifted by analysts at Barclays from $27.00 to $37.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 62.07% from the company’s previous close.

LIFE has been the subject of several other research reports. Citizens Jmp increased their price objective on Ethos Technologies Inc. Class A Common Stock from $21.00 to $27.00 and gave the company a “market outperform” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. upped their target price on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. The Goldman Sachs Group reiterated a “buy” rating and issued a $35.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday. Weiss Ratings downgraded Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, May 26th. Finally, William Blair set a $33.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.17.

Ethos Technologies Inc. Class A Common Stock Stock Performance

Shares of Ethos Technologies Inc. Class A Common Stock stock opened at $22.83 on Tuesday. The stock has a market cap of $1.44 billion and a P/E ratio of -7.25. The stock has a 50 day moving average price of $18.39. Ethos Technologies Inc. Class A Common Stock has a 52-week low of $9.45 and a 52-week high of $32.50.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.34. The firm had revenue of $189.56 million for the quarter. Ethos Technologies Inc. Class A Common Stock’s revenue was up 113.5% on a year-over-year basis.

Insider Transactions at Ethos Technologies Inc. Class A Common Stock

In related news, CFO Christopher M. Capozzi sold 80,586 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $22.13, for a total value of $1,783,368.18. Following the completion of the transaction, the chief financial officer owned 665,228 shares in the company, valued at $14,721,495.64. This trade represents a 10.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Lingke Wang sold 46,349 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $22.11, for a total value of $1,024,776.39. Following the sale, the president directly owned 764,836 shares of the company’s stock, valued at approximately $16,910,523.96. This represents a 5.71% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 781,048 shares of company stock valued at $16,165,634 in the last quarter. Insiders own 3.70% of the company’s stock.

Ethos Technologies Inc. Class A Common Stock Company Profile

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.