Analysts Set Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) PT at $32.29

Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $32.2857.

LIFE has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Friday, August 21st. Robert W. Baird boosted 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. Citigroup restated a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. JPMorgan Chase & Co. raised their target price on shares of Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Finally, Citizens Jmp upped their price objective on Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the company a “market outperform” rating in a report on Tuesday, August 4th.

Insider Activity at Ethos Technologies Inc. Class A Common Stock

In other news, CAO Brandt Walter Kucharski sold 8,735 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $32.47, for a total transaction of $283,625.45. Following the completion of the sale, the chief accounting officer directly owned 91,648 shares of the company’s stock, valued at $2,975,810.56. This represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Lingke Wang sold 118,333 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $33.29, for a total transaction of $3,939,305.57. Following the completion of the transaction, the president owned 1,537,543 shares of the company’s stock, valued at approximately $51,184,806.47. The trade was a 7.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 928,107 shares of company stock valued at $24,825,665 over the last ninety days. Company insiders own 3.70% of the company’s stock.

Ethos Technologies Inc. Class A Common Stock Stock Up 5.1%

Shares of NASDAQ:LIFE opened at $36.80 on Friday. Ethos Technologies Inc. Class A Common Stock has a 1 year low of $9.45 and a 1 year high of $40.97. The business’s 50-day moving average price is $25.92. The stock has a market cap of $2.35 billion and a PE ratio of -12.91.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last issued 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 business had revenue of $189.56 million during the quarter. The company’s quarterly revenue was up 113.5% on a year-over-year basis. Research analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current 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.