Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock Price Expected to Rise, Citizens Jmp Analyst Says

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) had its price objective raised by investment analysts at Citizens Jmp from $33.00 to $40.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective points to a potential upside of 0.98% from the stock’s previous close.

A number of other brokerages have also weighed in on LIFE. Citigroup reissued a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Monday. Barclays increased their price objective 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 research report on Tuesday, August 4th. William Blair set a $33.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Wall Street Zen raised Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, 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 report on Thursday, October 1st. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, 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 Price Performance

Ethos Technologies Inc. Class A Common Stock stock opened at $39.61 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 business has a fifty day simple moving average of $35.95.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.34. The business had revenue of $189.56 million for the quarter. The business’s quarterly revenue was up 113.5% compared to the same quarter last year. Equities research analysts forecast 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, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $33.12, for a total transaction of $3,570,170.40. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,093,107 shares of company stock worth $31,271,566.

Institutional Inflows and Outflows

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