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

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) had its target price increased by equities research analysts at Citigroup from $33.00 to $61.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup‘s target price indicates a potential upside of 64.29% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. Citizens Jmp lifted their target price on Ethos Technologies Inc. Class A Common Stock from $40.00 to $55.00 and gave the company a “market outperform” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Barclays increased their price target on Ethos Technologies Inc. Class A Common Stock from $37.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday. William Blair set a $33.00 target price on Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. downgraded shares of Ethos Technologies Inc. Class A Common Stock from an “overweight” rating to a “neutral” rating and set a $37.00 price target for the company. in a report on Thursday, October 1st. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ethos Technologies Inc. Class A Common Stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.89.

Ethos Technologies Inc. Class A Common Stock Price Performance

Shares of NASDAQ:LIFE traded down $3.75 during midday trading on Wednesday, hitting $37.13. The company had a trading volume of 2,646,906 shares, compared to its average volume of 917,693. 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 market cap of $2.37 billion and a price-to-earnings ratio of -13.36. The business’s 50-day simple moving average is $38.36 and its 200-day simple moving average is $27.10.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.10 by $0.39. Ethos Technologies Inc. Class A Common Stock had a negative net margin of 16.16% and a negative return on equity of 39.50%. The firm had revenue of $235.22 million for the quarter. As a group, sell-side analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

Insider Activity

In other Ethos Technologies Inc. Class A Common Stock news, CEO Peter Colis sold 40,000 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction that occurred 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 sale, the chief executive officer directly owned 1,537,360 shares of the company’s stock, valued at approximately $58,066,087.20. The trade was a 2.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brandt Walter Kucharski sold 8,735 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $32.47, for a total value of $283,625.45. Following the completion of the transaction, the chief accounting officer owned 91,648 shares of the company’s stock, valued at $2,975,810.56. This trade represents a 8.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 worth $30,440,261 in the last three months.

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

Several institutional investors and hedge funds have recently bought and sold shares of LIFE. Glynn Capital Management LLC purchased a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the third quarter worth about $15,999,000. The Manufacturers Life Insurance Company acquired a new position in shares of Ethos Technologies Inc. Class A Common Stock in the 2nd quarter valued at approximately $6,191,000. Calamos Advisors LLC purchased a new position in shares of Ethos Technologies Inc. Class A Common Stock during the 3rd quarter valued at approximately $4,245,000. State of Wyoming purchased a new position in shares of Ethos Technologies Inc. Class A Common Stock during the 3rd quarter valued at approximately $1,645,000. Finally, State Street Corp acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock during the second quarter worth approximately $932,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

Ethos Technologies Inc. Class A Common Stock News Roundup

Here are the key news stories impacting Ethos Technologies Inc. Class A Common Stock this week:

• Positive Sentiment: Ethos reported third-quarter revenue of $235.2 million, up 151% year over year, and EPS of $0.49 versus analysts’ $0.10 estimate. Fourth-quarter revenue guidance of $220 million–$224 million and full-year guidance of $838 million–$842 million both exceeded consensus forecasts. Ethos Q3 results
• Positive Sentiment: Barclays raised its target to $44 and maintained an “overweight” rating; Citizens JMP and Baird each lifted targets to $55, with positive ratings. The higher targets reflect improved analyst expectations following the upbeat results. Analysts boost forecasts
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of Ethos investors. The announcement offers no specifics about the claims, but the legal uncertainty could weigh on sentiment. Pomerantz investigation announcement

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.