Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Price Target Raised to $55.00

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) had its price objective raised by Robert W. Baird from $32.00 to $55.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

LIFE has been the topic of several other research reports. William Blair set a $33.00 price target on Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. UBS Group set a $55.00 price target on Ethos Technologies Inc. Class A Common Stock in a report on Tuesday. Citizens Jmp lifted their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $33.00 to $40.00 and gave the company a “market outperform” rating in a research report on Monday, October 12th. 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. Finally, Bank of America reissued a “buy” rating and issued a $38.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Thursday, September 24th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.89.

Ethos Technologies Inc. Class A Common Stock Trading Down 12.1%

Shares of NASDAQ:LIFE opened at $32.62 on Tuesday. The firm has a fifty day moving average price of $38.20 and a 200 day moving average price of $27.21. Ethos Technologies Inc. Class A Common Stock has a 1-year low of $9.45 and a 1-year high of $49.98.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.39. The company had revenue of $235.22 million for 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%. On average, research analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current fiscal year.

Insider Activity at Ethos Technologies Inc. Class A Common Stock

In other Ethos Technologies Inc. Class A Common Stock news, CEO Peter Colis sold 40,000 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $37.77, for a total transaction of $1,510,800.00. Following the transaction, the chief executive officer directly owned 1,537,360 shares in the company, valued at approximately $58,066,087.20. This represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brandt Walter Kucharski sold 8,735 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $32.47, for a total transaction of $283,625.45. Following the completion of the transaction, the chief accounting officer directly owned 91,648 shares of the company’s stock, valued at approximately $2,975,810.56. This trade represents a 8.70% 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. Insiders sold a total of 850,737 shares of company stock worth $30,440,261 in the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Ethos Technologies Inc. Class A Common Stock

A number of institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new position in Ethos Technologies Inc. Class A Common Stock during the second quarter worth $6,191,000. State Street Corp purchased a new stake in Ethos Technologies Inc. Class A Common Stock during the second quarter worth $932,000. Glynn Capital Management LLC acquired a new stake in Ethos Technologies Inc. Class A Common Stock in the third quarter valued at $15,999,000. State of Wyoming acquired a new stake in Ethos Technologies Inc. Class A Common Stock in the third quarter valued at $1,645,000. Finally, Zevenbergen Capital Investments LLC acquired a new stake in Ethos Technologies Inc. Class A Common Stock in the third quarter valued at $720,000. Institutional investors and hedge funds 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.