Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Shares Climb 4.6% After Analyst Upgrade

Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) rose 4.6% on Tuesday after Citizens Jmp raised their price target on the stock from $33.00 to $40.00. Citizens Jmp currently has a market outperform rating on the stock. Ethos Technologies Inc. Class A Common Stock traded as high as $39.45 and last traded at $39.06. 63,789 shares were traded during mid-day trading, a decline of 92% from the average session volume of 846,475 shares. The stock had previously closed at $37.36.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered shares of Ethos Technologies Inc. Class A Common Stock from an “overweight” rating to a “neutral” rating and set a $37.00 target price on the stock. in a report on Thursday, October 1st. Barclays lifted their price target on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Robert W. Baird boosted 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. Weiss Ratings raised shares of Ethos Technologies Inc. Class A Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.62.

Insider Activity at Ethos Technologies Inc. Class A Common Stock

In other Ethos Technologies Inc. Class A Common Stock news, CEO Peter Colis sold 23,333 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $38.85, for a total value of $906,487.05. Following the completion of the transaction, the chief executive officer directly owned 1,537,360 shares of the company’s stock, valued at approximately $59,726,436. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Lingke Wang sold 118,333 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $38.96, for a total transaction of $4,610,253.68. Following the completion of the transaction, the president directly 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,093,107 shares of company stock worth $31,271,566.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company acquired a new position in Ethos Technologies Inc. Class A Common Stock during the 2nd quarter worth $6,191,000. State Street Corp bought a new position in Ethos Technologies Inc. Class A Common Stock in the 2nd quarter valued at $932,000. Glynn Capital Management LLC bought a new position in Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at $15,999,000. Zevenbergen Capital Investments LLC acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at $720,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at $32,000. Institutional investors own 61.72% of the company’s stock.

Ethos Technologies Inc. Class A Common Stock Stock Up 5.6%

The stock has a market capitalization of $2.51 billion and a P/E ratio of -13.84. The company’s 50 day simple moving average is $35.71.

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