Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock Gets Price Target Bump from Citigroup

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) had its price objective increased by analysts at Citigroup from $33.00 to $61.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup‘s price target points to a potential upside of 64.29% from the stock’s current price.

Several other brokerages have also recently issued reports on LIFE. Weiss Ratings upgraded Ethos Technologies Inc. Class A Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. lowered Ethos Technologies Inc. Class A Common Stock from an “overweight” rating to a “neutral” rating and set a $37.00 target price for the company. in a research report on Thursday, October 1st. Barclays raised their price objective on Ethos Technologies Inc. Class A Common Stock from $37.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday. Bank of America restated a “buy” rating and set a $38.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Thursday, September 24th. Finally, Citizens Jmp lifted their price objective 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 report on Tuesday. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.89.

Ethos Technologies Inc. Class A Common Stock Stock Performance

Shares of Ethos Technologies Inc. Class A Common Stock stock traded down $3.75 during trading on Wednesday, reaching $37.13. The company had a trading volume of 2,646,906 shares, compared to its average volume of 917,693. The company has a market cap of $2.37 billion and a price-to-earnings ratio of -13.36. The firm’s fifty day moving average is $38.36 and its 200-day moving average is $27.10. Ethos Technologies Inc. Class A Common Stock has a fifty-two week low of $9.45 and a fifty-two week high of $49.98.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its quarterly earnings results on Monday, November 2nd. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.39. The business 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%. On average, research analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $33.12, for a total value of $3,570,170.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Brandt Walter Kucharski sold 77,436 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $34.93, for a total transaction of $2,704,839.48. Following the completion of the transaction, the chief accounting officer owned 105,994 shares of the company’s stock, valued at approximately $3,702,370.42. This trade represents a 42.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 850,737 shares of company stock valued at $30,440,261 in the last 90 days.

Hedge Funds Weigh In On Ethos Technologies Inc. Class A Common Stock

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

Trending Headlines about Ethos Technologies Inc. Class A Common Stock

Here are the key news stories impacting Ethos Technologies Inc. Class A Common Stock this week:

• Positive Sentiment: Ethos reported third-quarter revenue of $235.2 million, up 151% year over year, and EPS of $0.49 versus analysts’ $0.10 estimate. Fourth-quarter revenue guidance of $220 million–$224 million and full-year guidance of $838 million–$842 million both exceeded consensus forecasts. Ethos Q3 results
• Positive Sentiment: Barclays raised its target to $44 and maintained an “overweight” rating; Citizens JMP and Baird each lifted targets to $55, with positive ratings. The higher targets reflect improved analyst expectations following the upbeat results. Analysts boost forecasts
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of Ethos investors. The announcement offers no specifics about the claims, but the legal uncertainty could weigh on sentiment. Pomerantz investigation announcement

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.