Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $32.2857.

A number of equities research analysts recently commented on LIFE shares. JPMorgan Chase & Co. increased 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 report on Monday, July 13th. Barclays lifted their price target 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 report on Tuesday, August 4th. William Blair set a $33.00 price target on Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Citigroup reiterated a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Finally, Weiss Ratings cut Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, May 26th.

Ethos Technologies Inc. Class A Common Stock Price Performance

Shares of Ethos Technologies Inc. Class A Common Stock stock opened at $32.43 on Tuesday. The company has a market capitalization of $2.04 billion and a P/E ratio of -10.30. The business has a 50-day moving average price of $19.42. Ethos Technologies Inc. Class A Common Stock has a one year low of $9.45 and a one year high of $32.86.

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

Insider Buying and Selling

In other news, CAO Brandt Walter Kucharski sold 5,823 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $22.06, for a total transaction of $128,455.38. Following the sale, the chief accounting officer owned 183,430 shares in the company, valued at approximately $4,046,465.80. The trade was a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $22.13, for a total transaction of $1,783,368.18. Following the transaction, the chief financial officer owned 665,228 shares in the company, valued at approximately $14,721,495.64. This trade represents a 10.81% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 781,048 shares of company stock valued at $16,165,634 in the last 90 days.

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.