Calamos Advisors LLC Acquires 126,464 Shares of Ethos Technologies Inc. Class A Common Stock $LIFE

Key Points

• Calamos Advisors opened a position in Ethos Technologies, acquiring 126,464 shares worth about $4.25 million, or roughly 0.20% of the company. Institutional investors collectively own 61.72% of shares.
• Insiders sold 850,737 shares valued at approximately $30.44 million during the last quarter. President Lingke Wang’s sale of 118,333 shares was made under a pre-arranged Rule 10b5-1 plan.
• Ethos reported quarterly EPS of $0.49, beating the $0.10 consensus estimate, on revenue of $235.22 million. Analysts’ average rating is “Moderate Buy,” with an average price target of $45.89.

Calamos Advisors LLC acquired a new stake in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 126,464 shares of the company's stock, valued at approximately $4,245,000. Calamos Advisors LLC owned about 0.20% of Ethos Technologies Inc. Class A Common Stock as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. State of Wyoming bought a new stake in Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth about $1,645,000. TD Waterhouse Canada Inc. acquired a new position in Ethos Technologies Inc. Class A Common Stock during the 3rd quarter valued at about $317,000. Cisco Systems Inc. bought a new position in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at about $81,000. Triumph Capital Management bought a new position in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at about $160,000. Finally, Zevenbergen Capital Investments LLC bought a new position in shares of Ethos Technologies Inc. Class A Common Stock in the 3rd quarter valued at about $720,000. 61.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, President Lingke Wang sold 118,333 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $38.36, for a total value of $4,539,253.88. Following the sale, the president directly owned 1,537,543 shares in the company, valued at $58,980,149.48. This trade represents a 7.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 that occurred on Thursday, August 20th. The shares were sold at an average price of $33.12, for a total transaction of $3,570,170.40. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 850,737 shares of company stock valued at $30,440,261. Insiders own 3.70% of the company's stock.

Ethos Technologies Inc. Class A Common Stock Stock Performance

NASDAQ LIFE opened at $33.51 on Monday. The stock has a 50-day simple moving average of $38.08 and a 200 day simple moving average of $27.25. The company has a market capitalization of $2.14 billion and a PE ratio of -12.05. Ethos Technologies Inc. Class A Common Stock has a 12 month low of $9.45 and a 12 month high of $49.98.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last released its earnings results on Monday, November 2nd. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.39. Ethos Technologies Inc. Class A Common Stock had a negative return on equity of 33.48% and a negative net margin of 16.16%. The firm had revenue of $235.22 million for the quarter. As a group, sell-side analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LIFE has been the subject of several analyst reports. 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. 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. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Citigroup raised their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $33.00 to $61.00 and gave the company a "buy" rating in a research note on Wednesday, November 4th. Finally, Citizens Jmp lifted their target price on shares of Ethos Technologies Inc. Class A Common Stock from $40.00 to $55.00 and gave the stock a "market outperform" rating in a report on Tuesday, November 3rd. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $45.89.

Ethos Technologies Inc. Class A Common Stock 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.