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 upped by Citizens Jmp from $40.00 to $55.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Several other research analysts also recently weighed in on the company. Barclays upped their target price on Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. UBS Group set a $55.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday. William Blair set a $33.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Citigroup restated a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.89.

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

NASDAQ LIFE opened at $32.62 on Tuesday. Ethos Technologies Inc. Class A Common Stock has a twelve month low of $9.45 and a twelve month high of $49.98. The stock has a 50-day moving average of $38.20 and a 200 day moving average of $27.21.

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

Insider Transactions at Ethos Technologies Inc. Class A Common Stock

In related news, President Lingke Wang sold 118,333 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $38.36, for a total transaction of $4,539,253.88. Following the completion of the sale, the president directly owned 1,537,543 shares in the company, valued at approximately $58,980,149.48. The trade was a 7.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Peter Colis sold 40,000 shares of the 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 represents a 2.54% 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 have sold a total of 850,737 shares of company stock valued at $30,440,261 over the last ninety days. Company insiders own 3.70% of the company’s stock.

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

Hedge funds have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB acquired a new position in Ethos Technologies Inc. Class A Common Stock during the third quarter worth about $32,000. Cisco Systems Inc. purchased a new stake in Ethos Technologies Inc. Class A Common Stock during the 3rd quarter valued at about $81,000. Triumph Capital Management purchased a new stake in Ethos Technologies Inc. Class A Common Stock during the 3rd quarter valued at about $160,000. TD Waterhouse Canada Inc. purchased a new stake in Ethos Technologies Inc. Class A Common Stock during the 3rd quarter valued at about $317,000. Finally, Zevenbergen Capital Investments LLC acquired a new stake in Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at about $720,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

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.