Insider Selling: Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CFO Sells $893,921.76 in Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CFO Christopher Capozzi sold 26,184 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $34.14, for a total value of $893,921.76. Following the completion of the transaction, the chief financial officer owned 639,044 shares in the company, valued at $21,816,962.16. The trade was a 3.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ethos Technologies Inc. Class A Common Stock Stock Down 3.3%

Shares of NASDAQ LIFE traded down $1.16 during mid-day trading on Tuesday, reaching $34.01. The company’s stock had a trading volume of 1,508,950 shares, compared to its average volume of 659,019. Ethos Technologies Inc. Class A Common Stock has a 52 week low of $9.45 and a 52 week high of $35.69. The firm’s fifty day simple moving average is $21.15. The company has a market cap of $2.17 billion and a price-to-earnings ratio of -11.93.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last issued its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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% on a year-over-year basis. As a group, equities research analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LIFE has been the topic of several research analyst reports. Weiss Ratings downgraded shares of Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, May 26th. Citizens Jmp raised their target price on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 4th. Barclays lifted their price target 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 report on Tuesday, August 4th. Citigroup reiterated a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Finally, William Blair set a $33.00 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 and one has assigned a Sell rating to the stock. According to MarketBeat, Ethos Technologies Inc. Class A Common Stock has an average rating of “Moderate Buy” and a consensus price target of $32.29.

Institutional Trading of Ethos Technologies Inc. Class A Common Stock

A hedge fund recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC acquired a new position in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,129 shares of the company’s stock, valued at approximately $189,000. 61.72% of the stock is owned by institutional investors.

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.