Analysts Set Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) PT at $32.29

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $32.2857.

A number of equities analysts have commented on LIFE shares. The Goldman Sachs Group reissued a “buy” rating and issued a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Citizens Jmp lifted their price target on Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 4th. Robert W. Baird boosted their price objective on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Weiss Ratings restated a “sell (d)” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Friday, August 21st. Finally, William Blair set a $33.00 target price on Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th.

Insider Activity at Ethos Technologies Inc. Class A Common Stock

In related news, President Lingke Wang sold 118,333 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $33.29, for a total value of $3,939,305.57. Following the completion of the sale, the president directly owned 1,537,543 shares in the company, valued at $51,184,806.47. This trade represents a 7.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Christopher M. Capozzi sold 26,184 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction on Monday, August 17th. The stock was sold at an average price of $34.14, for a total transaction of $893,921.76. Following the transaction, the chief financial officer directly owned 639,044 shares of the company’s stock, valued at $21,816,962.16. The trade was a 3.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 928,107 shares of company stock worth $24,825,665 in the last ninety days.

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

An institutional investor recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC purchased a new stake in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,847 shares of the company’s stock, valued at approximately $69,000. 61.72% of the stock is currently owned by institutional investors.

Ethos Technologies Inc. Class A Common Stock Price Performance

NASDAQ LIFE opened at $36.33 on Friday. Ethos Technologies Inc. Class A Common Stock has a 1-year low of $9.45 and a 1-year high of $40.97. The company’s 50 day moving average price is $25.15. The stock has a market cap of $2.32 billion and a PE ratio of -12.75.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its 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 business had revenue of $189.56 million during the quarter. The firm’s revenue for the quarter was up 113.5% compared to the same quarter last year. Equities analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS 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.