Zevenbergen Capital Investments LLC Buys 21,452 Shares of Ethos Technologies Inc. Class A Common Stock $LIFE

Zevenbergen Capital Investments LLC acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 21,452 shares of the company’s stock, valued at approximately $720,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at $32,000. State Street Corp bought a new stake in Ethos Technologies Inc. Class A Common Stock during the second quarter worth $932,000. The Manufacturers Life Insurance Company purchased a new position in Ethos Technologies Inc. Class A Common Stock in the second quarter valued at about $6,191,000. Finally, Glynn Capital Management LLC bought a new position in shares of Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth $15,999,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

Ethos Technologies Inc. Class A Common Stock Stock Up 3.5%

LIFE stock traded up $1.22 during trading on Thursday, reaching $36.22. The company’s stock had a trading volume of 1,587,931 shares, compared to its average volume of 850,644. The firm has a market cap of $2.31 billion and a P/E ratio of -12.71. The company has a fifty day moving average price of $35.09. Ethos Technologies Inc. Class A Common Stock has a 1 year low of $9.45 and a 1 year high of $42.55.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last released its earnings results 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 business had revenue of $189.56 million for the quarter. Ethos Technologies Inc. Class A Common Stock’s revenue was up 113.5% on a year-over-year basis. On average, equities analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on LIFE. William Blair set a $33.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Barclays raised their target price 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. Citizens Jmp upped their price target on Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 4th. 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. Finally, Robert W. Baird lifted their price target on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.75.

Insider Activity at Ethos Technologies Inc. Class A Common Stock

In other news, CEO Peter Colis sold 23,333 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $38.85, for a total transaction of $906,487.05. Following the sale, the chief executive officer owned 1,537,360 shares in the company, valued at $59,726,436. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Lingke Wang sold 118,333 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $38.96, for a total transaction of $4,610,253.68. Following the sale, the president owned 1,537,543 shares in the company, valued at approximately $59,902,675.28. The trade was a 7.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,093,107 shares of company stock valued at $31,271,566. Corporate insiders own 3.70% of the company’s stock.

Ethos Technologies Inc. Class A Common Stock 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.