Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock Has Average Target Price of $35.62 According to Analysts

Key Points

• Analysts rate Ethos Technologies “Moderate Buy,” with six buys, one hold and one sell among eight firms; the average 12-month price target is $35.62.
• Ethos reported quarterly EPS of $0.53, beating the $0.19 consensus, while revenue rose 113.5% year over year to $189.56 million.
• Insiders sold 1.27 million shares worth $38.5 million over the past 90 days, while hedge funds and institutional investors own 61.72% of the stock.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) has been given an average rating of "Moderate Buy" by the eight ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $35.62.

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. lowered shares of Ethos Technologies Inc. Class A Common Stock from an "overweight" rating to a "neutral" rating and set a $37.00 target price on the stock. in a research report on Thursday, October 1st. The Goldman Sachs Group reiterated a "buy" rating and issued a $35.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Ethos Technologies Inc. Class A Common Stock from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. Citigroup reiterated a "market outperform" rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Monday, October 12th. Finally, Robert W. Baird boosted their price objective 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.

Insider Buying and Selling

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Lingke Wang sold 118,333 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $33.29, for a total transaction of $3,939,305.57. Following the sale, the president owned 1,537,543 shares of the company's stock, valued at approximately $51,184,806.47. The trade was a 7.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,270,906 shares of company stock valued at $38,500,844 in the last 90 days. 3.70% of the stock is owned by corporate insiders.

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

Several hedge funds have recently bought and sold shares of LIFE. Glynn Capital Management LLC acquired a new position in Ethos Technologies Inc. Class A Common Stock during the third quarter worth $15,999,000. The Manufacturers Life Insurance Company acquired a new stake in Ethos Technologies Inc. Class A Common Stock in the second quarter valued at $6,191,000. State Street Corp acquired a new stake in Ethos Technologies Inc. Class A Common Stock in the second quarter valued at $932,000. Zevenbergen Capital Investments LLC acquired a new stake in Ethos Technologies Inc. Class A Common Stock in the third quarter valued at $720,000. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of Ethos Technologies Inc. Class A Common Stock in the third quarter valued at $317,000. 61.72% of the stock is owned by hedge funds and other institutional investors.

Ethos Technologies Inc. Class A Common Stock Stock Down 3.2%

Shares of LIFE stock opened at $37.52 on Friday. The company has a 50 day moving average of $36.47. Ethos Technologies Inc. Class A Common Stock has a twelve month low of $9.45 and a twelve month high of $42.55. The stock has a market cap of $2.39 billion and a P/E ratio of -13.16.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.