Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Sells $954,668.00 in Stock

Key Points

• CEO Peter George Colis sold 28,600 shares of Ethos Technologies at an average price of $33.38, generating $954,668. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 1.83%.
• LIFE shares rose 1.9% to $34.16, while the company reported quarterly EPS of $0.53—beating the $0.19 consensus estimate—and revenue of $189.56 million, up 113.5% year over year.
• Analysts maintain a generally positive view, with six Buy ratings and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $32.29.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) CEO Peter George Colis sold 28,600 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $33.38, for a total transaction of $954,668.00. Following the completion of the sale, the chief executive officer directly owned 1,537,360 shares of the company's stock, valued at approximately $51,317,076.80. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peter George Colis also recently made the following trade(s):

• On Wednesday, August 19th, Peter George Colis sold 27,924 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $33.00, for a total transaction of $921,492.00.
• On Monday, August 17th, Peter George Colis sold 29,342 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $34.18, for a total value of $1,002,909.56.

Ethos Technologies Inc. Class A Common Stock Stock Up 1.9%

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

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.34. The firm 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% compared to the same quarter last year. As a group, equities research analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LIFE has been the topic of a number of research analyst reports. Robert W. Baird lifted 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 report on Tuesday, August 4th. Citigroup reissued a "market outperform" rating on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Citizens Jmp raised their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the company a "market outperform" rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Finally, Wall Street Zen upgraded shares of Ethos Technologies Inc. Class A Common Stock from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $32.29.

Institutional Investors Weigh In On 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 bought a new position in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,129 shares of the company's stock, valued at approximately $189,000. Institutional investors own 61.72% of the company's stock.

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.

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