49,006 Shares in Ethos Technologies Inc. Class A Common Stock $LIFE Bought by State of Wyoming

Key Points

• State of Wyoming bought 49,006 shares of Ethos Technologies Inc. Class A Common Stock (LIFE) during the third quarter, valued at approximately $1.65 million. Institutional investors collectively own 61.72% of the company.
• Analyst sentiment remains positive, with six Buy ratings, one Hold, and one Sell; the stock has a consensus rating of “Moderate Buy” and an average price target of $35.62.
• LIFE reported quarterly EPS of $0.53 versus estimates of $0.19, while revenue rose 113.5% year over year to $189.56 million. The stock opened at $43.39, near its 12-month high of $44.99, despite substantial insider selling in the past 90 days.

State of Wyoming purchased a new position in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 49,006 shares of the company's stock, valued at approximately $1,645,000. State of Wyoming owned about 0.08% of Ethos Technologies Inc. Class A Common Stock as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LIFE. Glynn Capital Management LLC acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the third quarter valued at approximately $15,999,000. The Manufacturers Life Insurance Company acquired a new position in Ethos Technologies Inc. Class A Common Stock during the second quarter worth $6,191,000. State Street Corp acquired a new position in Ethos Technologies Inc. Class A Common Stock during the second quarter worth $932,000. Zevenbergen Capital Investments LLC acquired a new position in Ethos Technologies Inc. Class A Common Stock during the third quarter worth $720,000. Finally, TD Waterhouse Canada Inc. acquired a new position in Ethos Technologies Inc. Class A Common Stock during the third quarter worth $317,000. 61.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

LIFE has been the subject of a number of analyst reports. Robert W. Baird lifted their price target on shares of Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, August 4th. Bank of America reissued a "buy" rating and set a $38.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Thursday, September 24th. JPMorgan Chase & Co. downgraded shares of Ethos Technologies Inc. Class A Common Stock from an "overweight" rating to a "neutral" rating and set a $37.00 price objective for the company. in a research note on Thursday, October 1st. Citigroup restated a "market outperform" rating on shares of Ethos Technologies Inc. Class A Common Stock in a report on Monday, October 12th. Finally, Citizens Jmp lifted their target price on Ethos Technologies Inc. Class A Common Stock from $33.00 to $40.00 and gave the company a "market outperform" rating in a research report on Monday, October 12th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.62.

Ethos Technologies Inc. Class A Common Stock Stock Down 0.5%

Shares of Ethos Technologies Inc. Class A Common Stock stock opened at $43.39 on Friday. Ethos Technologies Inc. Class A Common Stock has a 12-month low of $9.45 and a 12-month high of $44.99. The stock has a market cap of $2.77 billion and a P/E ratio of -15.22. The business's 50 day moving average is $38.11 and its 200-day moving average is $26.90.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.34. The firm had revenue of $189.56 million for the quarter. The business's quarterly revenue was up 113.5% compared to the same quarter last year. On average, sell-side analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

Insider Activity

In other news, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $33.12, for a total transaction of $3,570,170.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Lingke Wang sold 118,333 shares of the company's stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $38.36, for a total transaction of $4,539,253.88. Following the completion of the sale, the president directly owned 1,537,543 shares in the company, valued at approximately $58,980,149.48. The trade was a 7.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 850,737 shares of company stock worth $30,440,261. 3.70% of the stock is owned by insiders.

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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