Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Price Target Raised to $61.00

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) had its price objective increased by Citigroup from $33.00 to $61.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also commented on LIFE. UBS Group set a $55.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday. William Blair set a $33.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Citizens Jmp upped their target price on shares of Ethos Technologies Inc. Class A Common Stock from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered shares of Ethos Technologies Inc. Class A Common Stock from an “overweight” rating to a “neutral” rating and set a $37.00 target price 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 report on Saturday, August 8th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ethos Technologies Inc. Class A Common Stock has an average rating of “Moderate Buy” and a consensus target price of $45.89.

Ethos Technologies Inc. Class A Common Stock Trading Up 2.7%

LIFE traded up $0.89 during mid-day trading on Wednesday, hitting $33.51. 2,243,316 shares of the stock were exchanged, compared to its average volume of 1,320,927. The firm’s fifty day moving average is $38.08 and its two-hundred day moving average is $27.25. Ethos Technologies Inc. Class A Common Stock has a 1-year low of $9.45 and a 1-year high of $49.98. The company has a market cap of $2.14 billion and a PE ratio of -12.05.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last released its earnings results on Monday, November 2nd. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.39. The company had revenue of $235.22 million during the quarter. Ethos Technologies Inc. Class A Common Stock had a negative return on equity of 39.50% and a negative net margin of 16.16%. As a group, research analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current year.

Insider Activity

In other Ethos Technologies Inc. Class A Common Stock news, CEO Peter Colis sold 40,000 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $39.07, for a total transaction of $1,562,800.00. Following the completion of the sale, the chief executive officer directly owned 1,537,360 shares of the company’s stock, valued at $60,064,655.20. The trade was a 2.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $33.12, for a total value of $3,570,170.40. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 850,737 shares of company stock worth $30,440,261. 3.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth about $32,000. Cisco Systems Inc. purchased a new stake in Ethos Technologies Inc. Class A Common Stock during the third quarter worth approximately $81,000. Triumph Capital Management acquired a new position in Ethos Technologies Inc. Class A Common Stock in the third quarter valued at approximately $160,000. TD Waterhouse Canada Inc. acquired a new position in Ethos Technologies Inc. Class A Common Stock in the third quarter valued at approximately $317,000. Finally, Zevenbergen Capital Investments LLC acquired a new position in Ethos Technologies Inc. Class A Common Stock in the third quarter valued at approximately $720,000. Hedge funds and other institutional investors own 61.72% of the company’s stock.

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.