Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CAO Sells $192,232.86 in Stock

Key Points

• Chief Accounting Officer Brandt Walter Kucharski sold 5,611 shares of Ethos Technologies stock for $192,232.86 under a pre-arranged Rule 10b5-1 plan, primarily to cover tax obligations. He also sold 77,436 shares worth about $2.70 million the previous week.
• Ethos shares fell 3.3% to $34.01, despite the company reporting quarterly EPS of $0.53 versus the $0.19 consensus estimate and 113.5% year-over-year revenue growth.
• Analyst sentiment remains broadly positive, with six Buy ratings and one Sell rating producing a “Moderate Buy” consensus, though the average price target of $32.29 is below the recent share price.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) CAO Brandt Walter Kucharski sold 5,611 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $34.26, for a total value of $192,232.86. Following the transaction, the chief accounting officer directly owned 100,383 shares of the company's stock, valued at approximately $3,439,121.58. This trade represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.

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

• On Friday, August 14th, Brandt Walter Kucharski sold 77,436 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $34.93, for a total value of $2,704,839.48.

Ethos Technologies Inc. Class A Common Stock Stock Down 3.3%

Shares of Ethos Technologies Inc. Class A Common Stock stock traded down $1.16 during trading on Tuesday, reaching $34.01. The company's stock had a trading volume of 1,508,950 shares, compared to its average volume of 659,019. The business's 50 day simple moving average is $21.15. Ethos Technologies Inc. Class A Common Stock has a 12-month low of $9.45 and a 12-month high of $35.69. The firm has a market capitalization of $2.17 billion and a P/E ratio of -11.93.

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. William Blair set a $33.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. The Goldman Sachs Group restated a "buy" rating and set a $35.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Weiss Ratings downgraded shares of Ethos Technologies Inc. Class A Common Stock from a "hold (c)" rating to a "sell (d)" rating in a research report on Tuesday, May 26th. Wall Street Zen raised Ethos Technologies Inc. Class A Common Stock from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Barclays boosted their price target on Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.29.

Institutional Trading of Ethos Technologies Inc. Class A Common Stock

An institutional investor recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC acquired a new stake in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,129 shares of the company's stock, valued at approximately $189,000. Hedge funds and other institutional investors own 61.72% of the company's stock.

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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