Citizens Jmp Issues Positive Forecast for Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock Price

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) had its price objective lifted by Citizens Jmp from $33.00 to $40.00 in a report released on Monday,Benzinga reports. They currently have a market outperform rating on the stock.

Several other research analysts also recently issued reports on LIFE. William Blair set a $33.00 price objective on Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of Ethos Technologies Inc. Class A Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday. Bank of America reiterated a “buy” rating and set a $38.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Thursday, September 24th. Barclays boosted their target price on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Finally, 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 research report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.62.

Ethos Technologies Inc. Class A Common Stock Trading Up 1.1%

Shares of LIFE opened at $37.36 on Monday. Ethos Technologies Inc. Class A Common Stock has a 12-month low of $9.45 and a 12-month high of $42.55. The stock has a 50-day moving average price of $35.71. The firm has a market cap of $2.38 billion and a PE ratio of -13.11.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.19 by $0.34. The firm had revenue of $189.56 million during the quarter. The firm’s quarterly revenue was up 113.5% compared to the same quarter last year. As a group, equities analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Lingke Wang sold 118,333 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $38.96, for a total value of $4,610,253.68. Following the completion of the sale, the president owned 1,537,543 shares of the company’s stock, valued at approximately $59,902,675.28. This represents a 7.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $33.12, for a total value of $3,570,170.40. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,093,107 shares of company stock worth $31,271,566.

Institutional Trading of Ethos Technologies Inc. Class A Common Stock

Several institutional investors have recently added to or reduced their stakes in the stock. Zevenbergen Capital Investments LLC acquired a new stake in Ethos Technologies Inc. Class A Common Stock during the 3rd quarter valued at approximately $720,000. Glynn Capital Management LLC acquired a new position in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter worth approximately $15,999,000. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter worth approximately $32,000. State Street Corp bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 2nd quarter valued at $932,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 2nd quarter valued at $6,191,000. 61.72% of the stock is currently owned by institutional investors.

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.