Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) from a sell rating to a hold rating in a report released on Saturday.

A number of other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Barclays raised their target price on shares of 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. Weiss Ratings cut shares of Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, May 26th. Citizens Jmp upped 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. Finally, JPMorgan Chase & Co. increased their price target on shares of Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ethos Technologies Inc. Class A Common Stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.29.

Ethos Technologies Inc. Class A Common Stock Stock Performance

Shares of LIFE stock opened at $32.43 on Friday. The business’s 50-day moving average price is $19.42. Ethos Technologies Inc. Class A Common Stock has a 1 year low of $9.45 and a 1 year high of $32.86. The stock has a market capitalization of $2.04 billion and a price-to-earnings ratio of -10.30.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.34. The firm had revenue of $189.56 million during the quarter. The firm’s quarterly revenue was up 113.5% compared to the same quarter last year. On average, research analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, President Lingke Wang sold 46,349 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $22.11, for a total transaction of $1,024,776.39. Following the completion of the sale, the president owned 764,836 shares in the company, valued at $16,910,523.96. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Christopher M. Capozzi sold 80,586 shares of the 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 sale, the chief financial officer directly owned 665,228 shares of the company’s stock, valued at approximately $14,721,495.64. This represents a 10.81% decrease in their ownership of the stock. 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. In the last ninety days, insiders sold 781,048 shares of company stock worth $16,165,634.

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.