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

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $25.6667.

Several research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. The Goldman Sachs Group restated a “buy” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday. Barclays lifted their price target on shares of Ethos Technologies Inc. Class A Common Stock from $20.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Weiss Ratings downgraded Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen lowered Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th.

Ethos Technologies Inc. Class A Common Stock Price Performance

Shares of Ethos Technologies Inc. Class A Common Stock stock opened at $22.83 on Tuesday. The company has a market capitalization of $1.44 billion and a P/E ratio of -7.25. The business has a 50-day moving average price of $18.39. Ethos Technologies Inc. Class A Common Stock has a one year low of $9.45 and a one year high of $32.50.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.34. The firm had revenue of $189.56 million during the quarter. The company’s revenue was up 113.5% compared to the same quarter last year.

Insiders Place Their Bets

In related news, President Lingke Wang sold 46,349 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $22.11, for a total transaction of $1,024,776.39. Following the transaction, the president directly owned 764,836 shares of the company’s stock, valued at $16,910,523.96. This represents a 5.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The SEC filing for this sale provides additional information. Insiders have 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.