Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CFO Sells $1,783,368.18 in Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CFO Christopher Capozzi sold 80,586 shares of the stock in a transaction on 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 transaction, the chief financial officer owned 665,228 shares in the company, valued at $14,721,495.64. This trade represents a 10.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Trading Down 7.9%

NASDAQ LIFE traded down $1.64 during trading hours on Tuesday, reaching $19.08. 426,361 shares of the company traded hands, compared to its average volume of 537,257. Ethos Technologies Inc. Class A Common Stock has a 12 month low of $9.45 and a 12 month high of $32.50.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its quarterly earnings data on Tuesday, March 17th. The company reported $0.42 EPS for the quarter. The company had revenue of $110.08 million for the quarter.

Key Ethos Technologies Inc. Class A Common Stock News

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

• Negative Sentiment: CEO Peter George Colis sold 60,035 shares, the CFO Christopher M. Capozzi sold 80,586 shares, the CAO Brandt Walter Kucharski sold 5,823 shares, and President Lingke Wang sold 46,349 shares. While the company said these sales were made to cover tax withholding tied to equity award vesting, the large cluster of insider transactions can still weigh on investor sentiment. Article Title
• Negative Sentiment: Major shareholder 2019 Gp L.L.C. Gv also sold a combined 147,552 shares across two recent transactions, adding to concerns that larger holders may be trimming exposure. Article Title
• Neutral Sentiment: The company’s most recent quarterly results showed EPS of $0.42 on revenue of $110.08 million, which provides a solid operational backdrop, but the earnings report is older than the insider-sale headlines driving trading now.
• Neutral Sentiment: Analyst commentary remains mixed-to-positive overall, with Citizens JMP and Barclays setting $27 price targets, though one recent downgrade to “sell” has introduced some caution.

Analyst Ratings Changes

A number of brokerages have weighed in on LIFE. Wall Street Zen cut shares of Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Barclays increased their target price on shares of Ethos Technologies Inc. Class A Common Stock from $20.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Weiss Ratings raised shares of Ethos Technologies Inc. Class A Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Citizens Jmp increased their target price on shares of Ethos Technologies Inc. Class A Common Stock from $21.00 to $27.00 and gave the stock a “market outperform” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Ethos Technologies Inc. Class A Common Stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

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.