Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock Has Average Price Target of $32.29 According to Brokerages

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) has been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $33.00.

Several research firms have commented on LIFE. The Goldman Sachs Group restated a “buy” rating and issued a $35.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ethos Technologies Inc. Class A Common Stock in a report on Friday, August 21st. Robert W. Baird boosted their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Barclays boosted 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 research report on Tuesday, August 4th. Finally, William Blair set a $33.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th.

Ethos Technologies Inc. Class A Common Stock Price Performance

LIFE opened at $34.30 on Wednesday. The firm has a 50-day moving average price of $32.32. Ethos Technologies Inc. Class A Common Stock has a 1 year low of $9.45 and a 1 year high of $42.55. The firm has a market cap of $2.19 billion and a P/E ratio of -12.04.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.34. The firm had revenue of $189.56 million for the quarter. The firm’s revenue was up 113.5% compared to the same quarter last year. Research analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

Insider Buying and Selling at Ethos Technologies Inc. Class A Common Stock

In other news, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $33.12, for a total transaction of $3,570,170.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Peter Colis sold 23,333 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $38.85, for a total value of $906,487.05. Following the completion of the transaction, the chief executive officer owned 1,537,360 shares of the company’s stock, valued at $59,726,436. The trade was a 1.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,093,107 shares of company stock valued at $31,271,566. Corporate insiders own 3.70% of the company’s stock.

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

A hedge fund recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. The Manufacturers Life Insurance Company bought a new position in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 341,279 shares of the company’s stock, valued at approximately $6,191,000. The Manufacturers Life Insurance Company owned about 0.54% of Ethos Technologies Inc. Class A Common Stock at the end of the most recent quarter. Institutional investors and hedge funds own 61.72% of the company’s stock.

About Ethos Technologies Inc. Class A Common Stock

Ethos Technologies Inc is a special purpose acquisition company (SPAC) whose Class A common stock trades on the Nasdaq Stock Market under the symbol LIFE. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with an operating business.

Unlike an operating company, Ethos Technologies does not currently appear to have established products, services, or significant commercial operations of its own.