Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate LIFE a “Moderate Buy”: Six of seven analysts recommend buying the stock, with one sell rating and an average 12-month price target of $32.29. Several firms recently raised their targets, including Barclays to $37 and Robert W. Baird to $32.
• Recent results exceeded expectations: Ethos reported quarterly EPS of $0.53 versus the $0.19 consensus estimate, while revenue reached $189.56 million, up 113.5% year over year.
• Insiders have been net sellers: Company insiders sold 928,107 shares worth approximately $24.8 million during the last quarter, while institutional investors and hedge funds own 61.72% of the stock.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $32.2857.

A number of research analysts have recently commented on the stock. Barclays boosted their price target on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded Ethos Technologies Inc. Class A Common Stock from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Citigroup reissued a "market outperform" rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price objective on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the company an "overweight" rating in a research note on Monday, July 13th. Finally, Robert W. Baird boosted their target price on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 4th.

Insider Activity

In related news, CAO Brandt Walter Kucharski sold 8,735 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $32.47, for a total value of $283,625.45. Following the sale, the chief accounting officer directly owned 91,648 shares of the company's stock, valued at $2,975,810.56. This trade represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Christopher M. Capozzi sold 26,184 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $34.14, for a total transaction of $893,921.76. Following the sale, the chief financial officer owned 639,044 shares of the company's stock, valued at approximately $21,816,962.16. The trade was a 3.94% decrease in their ownership of the stock. 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 quarter, insiders have sold 928,107 shares of company stock worth $24,825,665. Company insiders own 3.70% of the company's stock.

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

A hedge fund recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC acquired a new position in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,847 shares of the company's stock, valued at approximately $69,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

Ethos Technologies Inc. Class A Common Stock Price Performance

LIFE stock opened at $38.64 on Friday. The company has a 50 day moving average price of $24.74. Ethos Technologies Inc. Class A Common Stock has a 12 month low of $9.45 and a 12 month high of $40.97. The company has a market capitalization of $2.46 billion and a price-to-earnings ratio of -13.56.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.34. The firm had revenue of $189.56 million for the quarter. The business's revenue for the quarter was up 113.5% on a year-over-year basis. Analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current fiscal 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.

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