Ethos Technologies Inc. Class A Common Stock’s Lock-Up Period Set To Expire Tomorrow (NASDAQ:LIFE)

Ethos Technologies Inc. Class A Common Stock’s (NASDAQ:LIFE) lock-up period will end on Tuesday, July 28th. Ethos Technologies Inc. Class A Common Stock had issued 10,526,315 shares in its public offering on January 29th. The total size of the offering was $199,999,985 based on an initial share price of $19.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LIFE. Citizens Jmp upped their price objective on 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. Barclays boosted 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. Wall Street Zen downgraded shares of Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. raised their price target 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. Finally, Weiss Ratings lowered 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. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.67.

Ethos Technologies Inc. Class A Common Stock Price Performance

NASDAQ:LIFE opened at $18.50 on Monday. The firm has a market cap of $1.17 billion and a P/E ratio of -5.87. The firm’s 50 day moving average price is $18.28. Ethos Technologies Inc. Class A Common Stock has a fifty-two week low of $9.45 and a fifty-two week high of $32.50.

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

Insider Activity at Ethos Technologies Inc. Class A Common Stock

In related news, CFO Christopher M. Capozzi sold 80,586 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $22.13, for a total value 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. The trade was a 10.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Brandt Walter Kucharski sold 5,823 shares of the company’s 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 sale, the chief accounting officer directly owned 183,430 shares in the company, valued at $4,046,465.80. This trade represents a 3.08% 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. Insiders sold a total of 340,345 shares of company stock valued at $7,721,475 over the last 90 days. 3.70% of the stock is owned by company insiders.

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.