Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Price Target Raised to $44.00

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) had its price objective raised by Barclays from $37.00 to $44.00 in a research note published on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other analysts also recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $35.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Wall Street Zen raised shares of Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Citizens Jmp increased their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Tuesday. 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 objective for the company. in a research report on Thursday, October 1st. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $45.89.

Ethos Technologies Inc. Class A Common Stock Price Performance

LIFE stock opened at $32.62 on Tuesday. Ethos Technologies Inc. Class A Common Stock has a one year low of $9.45 and a one year high of $49.98. The company’s fifty day moving average price is $38.20 and its 200-day moving average price is $27.21.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last issued its earnings results on Monday, November 2nd. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.39. The firm had revenue of $235.22 million during the quarter. Ethos Technologies Inc. Class A Common Stock had a negative net margin of 16.16% and a negative return on equity of 33.48%. As a group, analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current fiscal year.

Insider Transactions at Ethos Technologies Inc. Class A Common Stock

In related news, CEO Peter Colis sold 40,000 shares of the firm’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $37.77, for a total value of $1,510,800.00. Following the completion of the transaction, the chief executive officer directly owned 1,537,360 shares of the company’s stock, valued at approximately $58,066,087.20. This trade represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 on Thursday, August 20th. The shares were sold at an average price of $33.12, for a total transaction of $3,570,170.40. The SEC filing for this sale provides additional information. Insiders sold 850,737 shares of company stock valued at $30,440,261 over the last 90 days. Insiders own 3.70% of the company’s stock.

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

Institutional investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB bought a new position in Ethos Technologies Inc. Class A Common Stock during the third quarter valued at $32,000. Cisco Systems Inc. purchased a new position in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter worth $81,000. Triumph Capital Management bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter worth about $160,000. TD Waterhouse Canada Inc. bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter worth about $317,000. Finally, Zevenbergen Capital Investments LLC bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter worth about $720,000. Institutional investors own 61.72% 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.