Insider Selling: Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) President Sells $775,516.44 in Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) President Lingke Wang sold 22,623 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $34.28, for a total transaction of $775,516.44. Following the completion of the sale, the president owned 1,572,679 shares of the company’s stock, valued at $53,911,436.12. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 3.3%

Shares of 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 1-year low of $9.45 and a 1-year high of $35.69. The stock has a market cap of $2.17 billion and a PE ratio of -11.93. The business’s 50-day moving average price is $21.15.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.34. The business had revenue of $189.56 million during the quarter. The company’s revenue was up 113.5% on a year-over-year basis. As a group, research analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LIFE. Citigroup restated a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. JPMorgan Chase & Co. boosted their price target on 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. Citizens Jmp increased their price objective on Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 4th. Wall Street Zen raised Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, William Blair set a $33.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Six equities 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.29.

Institutional Investors Weigh In On Ethos Technologies Inc. Class A Common Stock

A hedge fund recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC purchased a new stake in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,847 shares of the company’s stock, valued at approximately $69,000. 61.72% of the stock is currently owned by hedge funds and other 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.