51,400 Shares of Ethos Technologies Inc. Class A Common Stock $LIFE Bought by State Street Corp

Key Points

• State Street Corp acquired 51,400 shares of Ethos Technologies (LIFE) worth approximately $932,000, while Manufacturers Life Insurance purchased a stake valued at about $6.2 million. Institutional investors and hedge funds own 61.72% of the stock.
• Analysts maintain a generally positive outlook, with seven Buy ratings and one Sell rating. The consensus is “Moderate Buy” with an average price target of $33.
• Ethos reported quarterly EPS of $0.53, beating estimates of $0.19, while revenue rose 113.5% year over year to $189.56 million. However, insiders sold more than 1.09 million shares worth $31.3 million over the past three months.

State Street Corp acquired a new stake in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 51,400 shares of the company's stock, valued at approximately $932,000. State Street Corp owned 0.08% of Ethos Technologies Inc. Class A Common Stock as of its most recent SEC filing.

Separately, The Manufacturers Life Insurance Company purchased a new position in shares of Ethos Technologies Inc. Class A Common Stock during the 2nd quarter worth approximately $6,191,000. 61.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LIFE. Citizens Jmp raised their price target on Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the company a "market 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. Bank of America restated a "buy" rating and set a $38.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Thursday. The Goldman Sachs Group reiterated a "buy" rating and issued a $35.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Finally, Robert W. Baird raised their price objective 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. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Ethos Technologies Inc. Class A Common Stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

Insider Buying and Selling at Ethos Technologies Inc. Class A Common Stock

In related news, CAO Brandt Walter Kucharski sold 8,735 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $32.47, for a total value of $283,625.45. Following the sale, the chief accounting officer owned 91,648 shares of the company's stock, valued at approximately $2,975,810.56. This represents a 8.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $33.12, for a total value of $3,570,170.40. The SEC filing for this sale provides additional information. Insiders have sold 1,093,107 shares of company stock valued at $31,271,566 over the last three months. Company insiders own 3.70% of the company's stock.

Ethos Technologies Inc. Class A Common Stock Price Performance

Ethos Technologies Inc. Class A Common Stock stock opened at $34.30 on Friday. The firm has a market capitalization of $2.19 billion and a price-to-earnings ratio of -12.04. Ethos Technologies Inc. Class A Common Stock has a fifty-two week low of $9.45 and a fifty-two week high of $42.55. The firm has a fifty day moving average price of $32.32.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last issued 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 business had revenue of $189.56 million during the quarter. The business's revenue was up 113.5% compared to the same quarter last year. On average, equities research analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current fiscal year.

Ethos Technologies Inc. Class A Common Stock Profile

Ethos Technologies Inc is a special purpose acquisition company (SPAC) whose Class A common stock trades on the Nasdaq Stock Market under the symbol LIFE. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with an operating business.

Unlike an operating company, Ethos Technologies does not currently appear to have established products, services, or significant commercial operations of its own.

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