Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Raised to “Hold” at Wall Street Zen

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

LIFE has been the topic of a number of other reports. Citigroup restated a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Robert W. Baird boosted their target price on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $35.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Weiss Ratings lowered shares of Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a research note on Tuesday, May 26th. Finally, Barclays raised their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ethos Technologies Inc. Class A Common Stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.29.

Ethos Technologies Inc. Class A Common Stock Stock Performance

Shares of NASDAQ:LIFE opened at $31.61 on Friday. Ethos Technologies Inc. Class A Common Stock has a 52 week low of $9.45 and a 52 week high of $32.50. The firm has a 50 day moving average price of $19.15. The stock has a market cap of $1.99 billion and a P/E ratio of -10.03.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.34. The firm had revenue of $189.56 million for the quarter. Ethos Technologies Inc. Class A Common Stock’s revenue was up 113.5% compared to the same quarter last year. As a group, research analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Christopher M. Capozzi sold 80,586 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $22.13, for a total transaction of $1,783,368.18. Following the completion of the sale, the chief financial officer owned 665,228 shares in the company, valued at approximately $14,721,495.64. This represents a 10.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Lingke Wang sold 46,349 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $22.11, for a total value of $1,024,776.39. Following the transaction, the president directly owned 764,836 shares in the company, valued at approximately $16,910,523.96. This represents a 5.71% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 781,048 shares of company stock valued at $16,165,634.

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.