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 Ethos Technologies Inc. Class A Common Stock stock in a transaction that occurred 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 sale, the chief executive officer directly owned 1,565,960 shares in the company, valued at $53,524,512.80. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Price Performance

Shares of Ethos Technologies Inc. Class A Common Stock stock opened at $32.85 on Thursday. Ethos Technologies Inc. Class A Common Stock has a fifty-two week low of $9.45 and a fifty-two week high of $35.69. The firm has a market capitalization of $2.09 billion and a price-to-earnings ratio of -11.53. The company has a 50 day moving average of $21.80.

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

Analyst Upgrades and Downgrades

LIFE has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of 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. William Blair set a $33.00 target price on Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Citizens Jmp upped their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the company a “market outperform” rating in a report on Tuesday, August 4th. Robert W. Baird boosted their target price on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings downgraded Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a research note on Tuesday, May 26th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.29.

More Ethos Technologies Inc. Class A Common Stock News

Here are the key news stories impacting Ethos Technologies Inc. Class A Common Stock this week:

• Positive Sentiment: Ethos reported quarterly EPS of $0.53, well above the $0.19 analyst consensus, while revenue reached $189.56 million, up 113.5% year over year. The results reinforce the company’s growth momentum and may help support investor confidence. Ethos earnings and market data
• Positive Sentiment: Ethos CEO Peter Colis is scheduled to present at the Goldman Sachs Communacopia + Technology Conference on September 9. The event could increase institutional visibility and give management an opportunity to discuss growth prospects. Ethos conference announcement
• Neutral Sentiment: Analyst sentiment remains generally favorable, with six Buy ratings and one Sell rating and a “Moderate Buy” consensus. However, the reported average price target of $32.29 is below recent trading levels, suggesting expectations may already reflect much of the company’s improvement. Analyst ratings and targets
• Negative Sentiment: CEO Peter Colis, President Lingke Wang, CFO Christopher Capozzi and CAO Brandt Kucharski collectively sold shares worth millions of dollars. The transactions were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity, and the executives retained sizable holdings, reducing the signal of management concern. Nevertheless, the concentration of insider selling—particularly the CAO’s larger reduction—could weigh on sentiment after LIFE’s sharp advance. Ethos insider sale filing

Institutional Trading of Ethos Technologies Inc. Class A Common Stock

An institutional investor recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC purchased a new position in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,129 shares of the company’s stock, valued at approximately $189,000. 61.72% of the stock is owned by institutional investors and hedge funds.

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.