Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Price Target Raised to $37.00

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) had its price target raised by Barclays from $27.00 to $37.00 in a report published on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other research analysts also recently commented on LIFE. Wall Street Zen downgraded shares of Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Robert W. Baird upped their price target on shares of Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price target on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Weiss Ratings lowered Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a research note on Tuesday, May 26th. Finally, Citigroup reissued a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.29.

Ethos Technologies Inc. Class A Common Stock Stock Performance

NASDAQ:LIFE opened at $29.81 on Tuesday. Ethos Technologies Inc. Class A Common Stock has a 12 month low of $9.45 and a 12 month high of $32.50. The company has a market capitalization of $1.88 billion and a price-to-earnings ratio of -9.46. The company has a 50 day moving average price of $18.90.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.34. The firm had revenue of $189.56 million for the quarter. The firm’s quarterly revenue was up 113.5% compared to the same quarter last year. As a group, research analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.44 EPS for the current fiscal year.

Insider Activity at Ethos Technologies Inc. Class A Common Stock

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Peter George Colis sold 60,035 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $22.07, for a total transaction of $1,324,972.45. Following the transaction, the chief executive officer owned 751,150 shares of the company’s stock, valued at approximately $16,577,880.50. The trade was a 7.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 781,048 shares of company stock worth $16,165,634. 3.70% of the stock is owned by insiders.

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.