Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock Short Interest Report for September

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 3,710,794 shares, a growth of 103.9% from the September 15th total of 1,819,799 shares. Approximately 6.0% of the company’s shares are sold short. Based on an average daily volume of 1,826,762 shares, the short-interest ratio is currently 2.0 days.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Robert W. Baird boosted their price target on shares of 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. JPMorgan Chase & Co. lowered shares of Ethos Technologies Inc. Class A Common Stock from an “overweight” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research note on Thursday, October 1st. William Blair set a $33.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Finally, Bank of America reissued a “buy” rating and set a $38.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Thursday, September 24th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.62.

Ethos Technologies Inc. Class A Common Stock Price Performance

Shares of Ethos Technologies Inc. Class A Common Stock stock traded down $0.82 on Thursday, hitting $38.15. 610,049 shares of the company’s stock traded hands, compared to its average volume of 852,945. The firm’s fifty day moving average price is $36.17. Ethos Technologies Inc. Class A Common Stock has a one year low of $9.45 and a one year high of $42.55. The company has a market cap of $2.43 billion and a P/E ratio of -13.39.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.34. The business had revenue of $189.56 million for the quarter. The company’s revenue was up 113.5% compared to the same quarter last year. As a group, analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

Insider Buying and Selling

In other news, President Lingke Wang sold 118,333 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $38.96, for a total transaction of $4,610,253.68. Following the completion of the transaction, the president directly owned 1,537,543 shares in the company, valued at $59,902,675.28. This trade represents a 7.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brandt Walter Kucharski sold 8,735 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $32.47, for a total value of $283,625.45. Following the transaction, the chief accounting officer owned 91,648 shares of the company’s stock, valued at $2,975,810.56. This trade represents a 8.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,093,107 shares of company stock valued at $31,271,566. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LIFE. MassMutual Private Wealth & Trust FSB bought a new stake in Ethos Technologies Inc. Class A Common Stock in the third quarter valued at $32,000. Triumph Capital Management bought a new position in shares of Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth about $160,000. Zevenbergen Capital Investments LLC bought a new position in shares of Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth about $720,000. State Street Corp bought a new position in shares of Ethos Technologies Inc. Class A Common Stock during the 2nd quarter worth about $932,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Ethos Technologies Inc. Class A Common Stock in the 2nd quarter valued at about $6,191,000. 61.72% of the stock is owned by institutional investors.

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.