Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One 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 objective among analysts that have issued a report on the stock in the last year is $32.2857.

Several research analysts have issued reports on LIFE shares. Robert W. Baird increased their target price on shares of 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. JPMorgan Chase & Co. boosted their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Citizens Jmp boosted their price target on Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $35.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Finally, William Blair set a $33.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th.

Insiders Place Their Bets

In other news, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $33.12, for a total transaction of $3,570,170.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Peter Colis sold 29,342 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $34.18, for a total value of $1,002,909.56. Following the completion of the sale, the chief executive officer directly owned 1,565,960 shares of the company’s stock, valued at $53,524,512.80. The trade was a 1.84% 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. In the last ninety days, insiders sold 928,107 shares of company stock valued at $24,825,665. 3.70% of the stock is currently owned by company insiders.

Ethos Technologies Inc. Class A Common Stock Stock Up 5.7%

Ethos Technologies Inc. Class A Common Stock stock opened at $39.85 on Friday. The company’s 50 day moving average is $26.71. Ethos Technologies Inc. Class A Common Stock has a fifty-two week low of $9.45 and a fifty-two week high of $40.97. The company has a market capitalization of $2.54 billion and a P/E ratio of -13.98.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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% on a year-over-year basis. As a group, research analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share 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.