Ethos Technologies Inc. Class A Common Stock (LIFE) – What Are Researchers Thinking About This Stock?

Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) have earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $35.62.

Several research analysts recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Robert W. Baird increased their price objective on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Citizens Jmp lifted their target price on Ethos Technologies Inc. Class A Common Stock from $33.00 to $40.00 and gave the company a “market outperform” rating in a research note on Monday, October 12th. JPMorgan Chase & Co. cut Ethos Technologies Inc. Class A Common Stock from an “overweight” rating to a “neutral” rating and set a $37.00 price target on the stock. in a report on Thursday, October 1st. Finally, Wall Street Zen raised shares of Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th.

Insider Transactions at Ethos Technologies Inc. Class A Common Stock

In other Ethos Technologies Inc. Class A Common Stock news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brandt Walter Kucharski sold 77,436 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction on Friday, August 14th. The stock was sold at an average price of $34.93, for a total transaction of $2,704,839.48. Following the sale, the chief accounting officer directly owned 105,994 shares of the company’s stock, valued at $3,702,370.42. This represents a 42.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 1,165,806 shares of company stock valued at $36,505,347. 3.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LIFE. TD Waterhouse Canada Inc. acquired a new position in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at $317,000. Cisco Systems Inc. acquired a new stake in Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth approximately $81,000. Triumph Capital Management acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock during the third quarter worth $160,000. Zevenbergen Capital Investments LLC bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the third quarter valued at about $720,000. Finally, Glynn Capital Management LLC bought a new stake in Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at approximately $15,999,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

Ethos Technologies Inc. Class A Common Stock Price Performance

Ethos Technologies Inc. Class A Common Stock stock opened at $43.53 on Friday. The firm has a 50-day simple moving average of $37.14. Ethos Technologies Inc. Class A Common Stock has a 12-month low of $9.45 and a 12-month high of $44.83.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.34. The company had revenue of $189.56 million for the quarter. The business’s revenue for the quarter was up 113.5% on a year-over-year basis. As a group, sell-side analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current fiscal year.

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.