Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CAO Brandt Walter Kucharski Sells 8,735 Shares

Key Points

• Insider selling: Chief Accounting Officer Brandt Walter Kucharski sold 8,735 LIFE shares for approximately $283,625 under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 8.7% to 91,648 shares. He also sold more than 83,000 shares in two earlier August transactions.
• Strong operating results: Ethos Technologies reported quarterly EPS of $0.53, exceeding analyst estimates of $0.19, while revenue reached $189.56 million, up 113.5% year over year.
• Stock and analyst outlook: LIFE traded at $34.16, near its 52-week high of $35.69. Analysts’ consensus rating is “Moderate Buy,” with a $32.29 average price target, although one firm maintains a sell rating.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) CAO Brandt Walter Kucharski sold 8,735 shares of the business'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 completion of the transaction, the chief accounting officer directly owned 91,648 shares of the company's stock, valued at approximately $2,975,810.56. This trade represents a 8.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brandt Walter Kucharski also recently made the following trade(s):

• On Monday, August 17th, Brandt Walter Kucharski sold 5,611 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $34.26, for a total transaction of $192,232.86.
• On Friday, August 14th, Brandt Walter Kucharski sold 77,436 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $34.93, for a total transaction of $2,704,839.48.

Ethos Technologies Inc. Class A Common Stock Stock Performance

Shares of LIFE traded up $0.64 during mid-day trading on Friday, hitting $34.16. 849,535 shares of the company traded hands, compared to its average volume of 669,243. The company has a market cap of $2.18 billion and a PE ratio of -11.99. The business has a 50-day moving average price of $22.13. Ethos Technologies Inc. Class A Common Stock has a 1 year low of $9.45 and a 1 year high of $35.69.

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

Institutional Trading of Ethos Technologies Inc. Class A Common Stock

A hedge fund recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC acquired a new position in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,847 shares of the company's stock, valued at approximately $69,000. Institutional investors and hedge funds own 61.72% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on LIFE. Citigroup reaffirmed a "market outperform" rating on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Citizens Jmp increased their target price on 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 raised their target price on 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. 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. Finally, 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. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.29.

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.

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