Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Wall Street Zen upgraded Ethos Technologies (NASDAQ: LIFE) from “Sell” to “Hold.” Despite the change, the stock has a consensus “Moderate Buy” rating, with six analysts issuing Buy ratings and one assigning Sell; the average price target is $32.29.
• LIFE shares opened at $31.61 and recently rose 6%, near their 52-week high of $32.50. The company reported quarterly EPS of $0.53 versus the $0.19 consensus estimate, while revenue increased 113.5% year over year to $189.56 million.
• Insiders sold 781,048 shares worth approximately $16.2 million over the past 90 days, with insiders retaining a 3.7% ownership stake in the company.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also recently issued reports on LIFE. William Blair set a $33.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday. JPMorgan Chase & Co. increased their price target on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Robert W. Baird lifted their price objective on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday. Weiss Ratings cut Ethos Technologies Inc. Class A Common Stock from a "hold (c)" rating to a "sell (d)" rating in a report on Tuesday, May 26th. Finally, Citigroup restated a "market outperform" rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.29.

Ethos Technologies Inc. Class A Common Stock Stock Up 6.0%

Shares of LIFE stock opened at $31.61 on Friday. The company has a 50-day moving average price of $19.15. The firm has a market capitalization of $1.99 billion and a price-to-earnings ratio of -10.03. Ethos Technologies Inc. Class A Common Stock has a fifty-two week low of $9.45 and a fifty-two week high of $32.50.

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 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.34. The firm had revenue of $189.56 million for the quarter. Ethos Technologies Inc. Class A Common Stock's quarterly revenue was up 113.5% on a year-over-year basis. On average, equities analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.44 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brandt Walter Kucharski sold 5,823 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $22.06, for a total value of $128,455.38. Following the transaction, the chief accounting officer owned 183,430 shares in the company, valued at $4,046,465.80. This trade represents a 3.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 781,048 shares of company stock valued at $16,165,634 in the last 90 days. Corporate insiders own 3.70% of the company's stock.

Ethos Technologies Inc. Class A Common Stock Company 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.

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