Peter George Colis Sells 29,342 Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter George Colis sold 29,342 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $34.18, for a total value of $1,002,909.56. Following the completion of the transaction, the chief executive officer owned 1,565,960 shares of the company’s stock, valued at $53,524,512.80. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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%

LIFE traded down $1.16 during trading on Tuesday, reaching $34.01. 1,508,950 shares of the company traded hands, compared to its average volume of 659,019. The stock has a market capitalization of $2.17 billion and a P/E ratio of -11.93. Ethos Technologies Inc. Class A Common Stock has a 12-month low of $9.45 and a 12-month high of $35.69. The business’s fifty day simple moving average is $21.15.

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

Institutional Investors 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 acquired a new position in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,129 shares of the company’s stock, valued at approximately $189,000. 61.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on LIFE. Weiss Ratings downgraded 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. 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. Citizens Jmp boosted their target price 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. JPMorgan Chase & Co. increased 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. Finally, The Goldman Sachs Group restated a “buy” rating and set a $35.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.29.

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.