Insider Selling: Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) President Sells $775,516.44 in Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) President Lingke Wang sold 22,623 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $34.28, for a total transaction of $775,516.44. Following the completion of the transaction, the president directly owned 1,572,679 shares of the company’s stock, valued at approximately $53,911,436.12. The trade was a 1.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 Stock Up 2.0%

Shares of LIFE stock opened at $33.52 on Friday. The firm has a market capitalization of $2.14 billion and a PE ratio of -11.76. The company has a 50 day simple moving average of $22.13. 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.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last released its 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 for the quarter was up 113.5% compared to the same quarter last year. Equities analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LIFE. Citizens Jmp increased their price objective on Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 4th. Weiss Ratings cut 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. William Blair set a $33.00 price target on Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Finally, Citigroup reissued a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.29.

Hedge Funds Weigh In On 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 stake in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,847 shares of the company’s stock, valued at approximately $69,000. 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.