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 large growth in short interest in 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 stock are short sold. Based on an average trading volume of 1,826,762 shares, the days-to-cover ratio is currently 2.0 days.

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brandt Walter Kucharski sold 77,436 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $34.93, for a total value of $2,704,839.48. Following the completion of the transaction, the chief accounting officer directly owned 105,994 shares of the company’s stock, valued at approximately $3,702,370.42. The trade was a 42.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 1,072,573 shares of company stock worth $30,887,990. Insiders own 3.70% of the company’s stock.

Institutional Trading of Ethos Technologies Inc. Class A Common Stock

A number of institutional investors have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock during the third quarter worth $32,000. Cisco Systems Inc. acquired a new position in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at $81,000. Triumph Capital Management acquired a new position in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at $160,000. Zevenbergen Capital Investments LLC purchased a new position in Ethos Technologies Inc. Class A Common Stock in the 3rd quarter worth $720,000. Finally, State Street Corp purchased a new position in Ethos Technologies Inc. Class A Common Stock in the 2nd quarter worth $932,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.

Ethos Technologies Inc. Class A Common Stock Price Performance

Ethos Technologies Inc. Class A Common Stock stock opened at $38.76 on Friday. The company has a 50-day simple moving average of $36.35. Ethos Technologies Inc. Class A Common Stock has a one year low of $9.45 and a one year high of $42.55.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last issued its quarterly 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 business had revenue of $189.56 million for the quarter. The business’s revenue for the quarter was up 113.5% on a year-over-year basis. As a group, equities analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded 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 report on Thursday, October 1st. 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 report on Thursday, September 24th. The Goldman Sachs Group restated a “buy” rating and issued a $35.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of Ethos Technologies Inc. Class A Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Finally, Barclays lifted their price target on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.62.

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.