Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Shares Climb 4.6% After Analyst Upgrade

Key Points

• Ethos Technologies shares rose 4.6% to $39.06 after Citizens JMP raised its price target from $33 to $40 and maintained an outperform rating.
• Analyst sentiment remains generally positive, with six buy ratings, one hold, and one sell; the stock has a consensus “Moderate Buy” rating and a $35.62 average price target.
• The company reported strong quarterly results, including $0.53 earnings per share versus a $0.19 estimate and 113.5% year-over-year revenue growth, while insiders have sold more than 1.09 million shares worth about $31.3 million over the past 90 days.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report)'s stock price traded up 4.6% during mid-day trading on Tuesday after Citizens Jmp raised their price target on the stock from $33.00 to $40.00. Citizens Jmp currently has a market outperform rating on the stock. Ethos Technologies Inc. Class A Common Stock traded as high as $39.45 and last traded at $39.06. Approximately 63,789 shares were traded during mid-day trading, a decline of 92% from the average session volume of 846,475 shares. The stock had previously closed at $37.36.

Several other brokerages also recently weighed in on LIFE. The Goldman Sachs Group restated a "buy" rating and set a $35.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Barclays lifted their price target on Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lowered Ethos Technologies Inc. Class A Common Stock from an "overweight" rating to a "neutral" rating and set a $37.00 price target for the company. in a report on Thursday, October 1st. Bank of America reiterated a "buy" rating and set a $38.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a report on Thursday, September 24th. Finally, Weiss Ratings raised Ethos Technologies Inc. Class A Common Stock from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.62.

Insider Activity at Ethos Technologies Inc. Class A Common Stock

In other news, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the company's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $33.12, for a total transaction of $3,570,170.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brandt Walter Kucharski sold 77,436 shares of the company's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $34.93, for a total transaction of $2,704,839.48. Following the transaction, the chief accounting officer directly owned 105,994 shares of the company's stock, valued at $3,702,370.42. This represents a 42.22% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 1,093,107 shares of company stock worth $31,271,566.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes 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 worth approximately $32,000. Zevenbergen Capital Investments LLC acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth approximately $720,000. State Street Corp bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock during the second quarter valued at approximately $932,000. The Manufacturers Life Insurance Company bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock during the second quarter valued at approximately $6,191,000. Finally, Glynn Capital Management LLC bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock during the third quarter valued at approximately $15,999,000. 61.72% of the stock is currently owned by institutional investors.

Ethos Technologies Inc. Class A Common Stock Stock Up 5.6%

The firm's 50-day moving average is $35.71. The stock has a market cap of $2.51 billion and a price-to-earnings ratio of -13.84.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.19 by $0.34. The firm had revenue of $189.56 million during the quarter. Ethos Technologies Inc. Class A Common Stock's revenue was up 113.5% compared to the same quarter last year. On average, analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share 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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