Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter George Colis Sells 29,342 Shares of Stock

Key Points

• CEO Peter George Colis sold 29,342 shares of Ethos Technologies stock at an average price of $34.18, worth approximately $1.00 million. The sale covered tax-withholding obligations tied to vested equity awards and reduced his ownership by 1.84%.
• Ethos reported quarterly EPS of $0.53, beating the $0.19 consensus estimate, while revenue reached $189.56 million, up 113.5% year over year.
• The stock traded at $34.01, near its 52-week high of $35.69. Analysts maintain a “Moderate Buy” consensus with a $32.29 average price target, while institutional investors own 61.72% of the company.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) CEO Peter George Colis sold 29,342 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $34.18, for a total value of $1,002,909.56. Following the completion of the sale, the chief executive officer owned 1,565,960 shares of the company's stock, valued at $53,524,512.80. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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

Ethos Technologies Inc. Class A Common Stock stock traded down $1.16 during trading on Tuesday, reaching $34.01. The company had a trading volume of 1,508,950 shares, compared to its average volume of 659,019. The stock has a market capitalization of $2.17 billion and a price-to-earnings ratio of -11.93. The business's 50-day moving average is $21.15. Ethos Technologies Inc. Class A Common Stock has a 52 week low of $9.45 and a 52 week high of $35.69.

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

Hedge Funds Weigh In On Ethos Technologies Inc. Class A Common Stock

A hedge fund recently bought a new stake 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) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,847 shares of the company's stock, valued at approximately $69,000. Hedge funds and other institutional investors own 61.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. The Goldman Sachs Group reiterated a "buy" rating and set a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note 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 report on Tuesday, May 26th. Wall Street Zen raised shares of Ethos Technologies Inc. Class A Common Stock from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Citizens Jmp upped their price target on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 4th. Finally, Citigroup reissued a "market outperform" rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Ethos Technologies Inc. Class A Common Stock has a consensus rating of "Moderate Buy" and a consensus target price 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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