Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Sees Significant Decrease in Short Interest

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,182,513 shares, a decrease of 37.8% from the April 30th total of 1,900,598 shares. Based on an average daily volume of 866,470 shares, the short-interest ratio is presently 1.4 days. Currently, 1.9% of the company’s stock are short sold.

Ethos Technologies Inc. Class A Common Stock Trading Up 3.8%

LIFE traded up $0.64 during trading on Thursday, reaching $17.53. 31,604 shares of the stock were exchanged, compared to its average volume of 533,765. Ethos Technologies Inc. Class A Common Stock has a 1 year low of $9.45 and a 1 year high of $32.50.

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

Analysts Set New Price Targets

Several equities analysts have commented on LIFE shares. Citizens Jmp increased their price target on shares of Ethos Technologies Inc. Class A Common Stock from $21.00 to $27.00 and gave the company a “market outperform” rating in a research note on Thursday, May 7th. Weiss Ratings cut shares of Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, May 26th. Barclays upped their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $20.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Wall Street Zen cut Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ethos Technologies Inc. Class A Common Stock has a consensus rating of “Hold” and an average target price of $27.00.

Insiders Place Their Bets

In other news, CAO Brandt Walter Kucharski sold 5,823 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction on Friday, May 15th. The shares were sold at an average price of $22.06, for a total transaction of $128,455.38. Following the completion of the sale, the chief accounting officer directly owned 183,430 shares of the company’s stock, valued at approximately $4,046,465.80. The trade was a 3.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Peter George Colis sold 60,035 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $22.07, for a total value of $1,324,972.45. Following the completion of the transaction, the chief executive officer directly owned 751,150 shares in the company, valued at $16,577,880.50. This trade represents a 7.40% 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 three months, insiders sold 340,345 shares of company stock worth $7,721,475. 3.70% of the stock is currently owned by insiders.

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.