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 transaction of $893,921.76. Following the completion of the sale, the chief financial officer owned 639,044 shares of the company’s stock, valued at approximately $21,816,962.16. This represents a 3.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ethos Technologies Inc. Class A Common Stock Trading Up 2.0%

LIFE opened at $33.52 on Friday. The company has a market cap of $2.14 billion and a price-to-earnings ratio of -11.76. Ethos Technologies Inc. Class A Common Stock has a 12 month low of $9.45 and a 12 month high of $35.69. The stock has a fifty day moving average of $22.13.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted 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 company had revenue of $189.56 million during the quarter. The business’s revenue for the quarter was up 113.5% on a year-over-year basis. On average, research analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on LIFE. 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 note on Tuesday, August 4th. JPMorgan Chase & Co. raised their target price on shares of Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. 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. Robert W. Baird upped their price target on 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. Finally, Weiss Ratings lowered Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, May 26th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.29.

Hedge Funds Weigh In On Ethos Technologies Inc. Class A Common Stock

An institutional investor recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC bought a new position in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) in the second quarter, according to its most recent filing with the SEC. The firm bought 3,847 shares of the company’s stock, valued at approximately $69,000. Hedge funds and other institutional investors own 61.72% of the company’s stock.

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.