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 significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,172,205 shares, a drop of 32.5% from the July 30th total of 1,737,234 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 2,093,069 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LIFE shares. Citizens Jmp lifted their price target on Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. boosted their target price on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Friday, August 21st. Wall Street Zen raised shares of Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $35.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.29.

Insider Buying and Selling at Ethos Technologies Inc. Class A Common Stock

In other Ethos Technologies Inc. Class A Common Stock news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Peter George Colis sold 29,342 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $34.18, for a total transaction of $1,002,909.56. Following the completion of the sale, the chief executive officer directly owned 1,565,960 shares in the company, valued at $53,524,512.80. This represents a 1.84% decrease in their ownership of the stock. 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 have sold a total of 928,107 shares of company stock worth $24,825,665 over the last three months. Company insiders own 3.70% of the company’s stock.

Ethos Technologies Inc. Class A Common Stock Stock Up 5.1%

Shares of LIFE opened at $36.80 on Thursday. Ethos Technologies Inc. Class A Common Stock has a 1 year low of $9.45 and a 1 year high of $40.97. The company has a market capitalization of $2.35 billion and a P/E ratio of -12.91. The business’s 50-day moving average is $25.92.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last announced its quarterly earnings data 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 for the quarter. Ethos Technologies Inc. Class A Common Stock’s quarterly revenue was up 113.5% on a year-over-year basis. On average, research analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current fiscal year.

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.