Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Price Target Raised to $40.00

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) had its price objective boosted by Citizens Jmp from $33.00 to $40.00 in a research report released on Monday morning,Benzinga reports. They currently have a market outperform rating on the stock.

A number of other research firms also recently issued reports on LIFE. Robert W. Baird increased their price objective on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Citigroup reissued a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Monday. William Blair set a $33.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $35.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.62.

Ethos Technologies Inc. Class A Common Stock Trading Down 1.6%

LIFE stock opened at $38.97 on Monday. Ethos Technologies Inc. Class A Common Stock has a fifty-two week low of $9.45 and a fifty-two week high of $42.55. The stock’s 50 day moving average price is $36.17.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last released 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 during the quarter. Ethos Technologies Inc. Class A Common Stock’s revenue was up 113.5% on a year-over-year basis. On average, analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

Insider Activity

In related news, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $33.12, for a total value of $3,570,170.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Peter Colis sold 29,342 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $34.18, for a total value of $1,002,909.56. Following the transaction, the chief executive officer directly owned 1,565,960 shares of the company’s stock, valued at approximately $53,524,512.80. This trade represents a 1.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 1,093,107 shares of company stock valued at $31,271,566. 3.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ethos Technologies Inc. Class A Common Stock

Several hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management bought a new position in shares of Ethos Technologies Inc. Class A Common Stock during the third quarter valued at $160,000. Zevenbergen Capital Investments LLC purchased a new position in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter worth about $720,000. Glynn Capital Management LLC purchased a new position in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter worth about $15,999,000. MassMutual Private Wealth & Trust FSB bought a new position in Ethos Technologies Inc. Class A Common Stock in the 3rd quarter worth about $32,000. Finally, State Street Corp bought a new position in Ethos Technologies Inc. Class A Common Stock in the 2nd quarter worth about $932,000. 61.72% of the stock is owned by institutional investors.

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.