Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CFO Christopher Capozzi Sells 26,184 Shares of Stock

Key Points

• CFO Christopher Capozzi sold 26,184 shares of Ethos Technologies stock at an average price of $34.14, generating approximately $893,922. The sale covered tax-withholding obligations tied to vested equity awards and reduced his direct holdings by 3.94% to 639,044 shares.
• Ethos reported quarterly EPS of $0.53, exceeding the $0.19 consensus estimate, while revenue rose 113.5% year over year to $189.56 million.
• LIFE shares traded near $34.01, close to their 52-week high of $35.69. Analysts maintain a “Moderate Buy” consensus, with six Buy ratings, one Sell rating, and an average price target of $32.29.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) CFO Christopher Capozzi sold 26,184 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction on Monday, August 17th. The stock was sold at an average price of $34.14, for a total value of $893,921.76. Following the completion of the sale, the chief financial officer directly owned 639,044 shares of the company's stock, valued at $21,816,962.16. The trade was a 3.94% decrease in their position. The sale was disclosed in a document filed 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 Stock Performance

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

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last announced its earnings results 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 firm had revenue of $189.56 million during the quarter. The business's revenue was up 113.5% compared to the same quarter last year. Research analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.13 EPS 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 stake in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,847 shares of the company's stock, valued at approximately $69,000. 61.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. 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. William Blair set a $33.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Citizens Jmp lifted 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 note on Tuesday, August 4th. Citigroup reissued a "market outperform" rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. upped their price target on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $32.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source