Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Price Target Raised to $32.00

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) had its price target hoisted by Robert W. Baird from $26.00 to $32.00 in a research report released on Tuesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other research firms have also weighed in on LIFE. Wall Street Zen lowered shares of Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Citigroup reaffirmed a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and set a $35.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective 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. Finally, William Blair set a $33.00 price objective on Ethos Technologies Inc. Class A Common Stock in a report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to 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 Trading Up 7.5%

Shares of LIFE opened at $29.81 on Tuesday. The firm has a market cap of $1.88 billion and a PE ratio of -9.46. Ethos Technologies Inc. Class A Common Stock has a 12-month low of $9.45 and a 12-month high of $32.50. The stock has a 50-day moving average price of $18.90.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last announced its quarterly 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. The company’s revenue for the quarter was up 113.5% compared to the same quarter last year. As a group, equities analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.44 earnings per share for the current fiscal year.

Insider Activity

In other news, President Lingke Wang sold 46,349 shares of the company’s stock in a transaction on Friday, May 15th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 781,048 shares of company stock worth $16,165,634 over the last quarter. Company insiders own 3.70% of the company’s stock.

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.