Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analysts rate Ethos “Moderate Buy”: Six of eight covering firms recommend buying, while one rates it hold and one sell. Their average 12-month price target is $45.89; recent targets range from $33 to $55.
• Quarterly EPS beat estimates: Ethos reported earnings of $0.49 per share versus the $0.10 consensus estimate, with quarterly revenue of $235.22 million. The company nevertheless posted a negative net margin and return on equity.
• Insiders have been selling shares: Insiders sold 850,737 shares worth about $30.4 million in the last quarter. Institutional investors and hedge funds own 61.72% of the stock.

Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $45.89.

LIFE has been the topic of a number of research analyst reports. Citizens Jmp raised their target price on shares of Ethos Technologies Inc. Class A Common Stock from $40.00 to $55.00 and gave the company a "market outperform" rating in a research report on Tuesday, November 3rd. JPMorgan Chase & Co. cut 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 report on Thursday, October 1st. William Blair set a $33.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. UBS Group set a $55.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, November 3rd. Finally, Bank of America reiterated a "buy" rating and set a $38.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Thursday, September 24th.

Insider Buying and Selling at Ethos Technologies Inc. Class A Common Stock

In other news, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the firm's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $33.12, for a total transaction of $3,570,170.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Lingke Wang sold 118,333 shares of the firm's stock in a transaction 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 transaction, the president directly owned 1,537,543 shares of the company's stock, valued at $51,184,806.47. The trade was a 7.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 850,737 shares of company stock valued at $30,440,261. Insiders own 3.70% of the company's stock.

Institutional Trading of Ethos Technologies Inc. Class A Common Stock

Institutional investors and hedge funds have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB bought a new position in Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth $32,000. Cisco Systems Inc. bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at about $81,000. Triumph Capital Management bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at about $160,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the third quarter valued at about $317,000. Finally, Hershey Trust Co. acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the third quarter valued at about $431,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

Ethos Technologies Inc. Class A Common Stock Trading Up 4.5%

LIFE stock opened at $37.64 on Thursday. The stock has a market capitalization of $2.40 billion and a P/E ratio of -13.54. Ethos Technologies Inc. Class A Common Stock has a 12 month low of $9.45 and a 12 month high of $49.98. The firm has a 50-day moving average price of $38.07 and a 200-day moving average price of $27.44.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.39. The company had revenue of $235.22 million for the quarter. Ethos Technologies Inc. Class A Common Stock had a negative net margin of 16.16% and a negative return on equity of 33.48%. As a group, equities analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.22 EPS for the current fiscal year.

Ethos Technologies Inc. Class A Common Stock Company Profile

Ethos Technologies, Inc. operates a digital platform that helps consumers apply for life insurance. Its technology streamlines the application process, including eligibility assessment and underwriting, and may allow eligible applicants to obtain coverage without a medical exam. Ethos offers term and whole life insurance through relationships with insurance carriers. The company acts as a technology and distribution platform rather than as the insurer that underwrites every policy; coverage terms and availability depend on the carrier and applicant.

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.