Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) President Sells 22,623 Shares

Key Points

• President Lingke Wang sold 22,623 shares of Ethos Technologies at an average price of $34.28, generating $775,516; the sale was intended to cover tax withholding from vested equity awards.
• Ethos reported quarterly EPS of $0.53, beating estimates of $0.19, while revenue reached $189.56 million—up 113.5% year over year.
• Analyst sentiment remains generally positive, with six Buy ratings and one Sell rating, a “Moderate Buy” consensus, and an average price target of $32.29; shares recently traded at $34.01.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) President Lingke Wang sold 22,623 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $34.28, for a total transaction of $775,516.44. Following the transaction, the president owned 1,572,679 shares of the company's stock, valued at approximately $53,911,436.12. This represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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

LIFE traded down $1.16 during mid-day trading on Tuesday, hitting $34.01. The stock had a trading volume of 1,508,950 shares, compared to its average volume of 659,019. The business's fifty day simple moving average is $21.15. The firm has a market cap of $2.17 billion and a price-to-earnings ratio of -11.93. 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 released its quarterly earnings data on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.34. The firm 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. As a group, analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.13 earnings per share for the current year.

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

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on LIFE shares. Barclays raised 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 report on Tuesday, August 4th. William Blair set a $33.00 target price on 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. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $35.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. 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 research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock 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