Peter George Colis Sells 23,334 Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock

Key Points

• CEO Peter Colis sold 23,334 shares of Ethos Technologies (NASDAQ:LIFE) at an average price of $39.82, generating approximately $929,160. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan and reduced his holdings by 1.5%.
• LIFE shares traded at $36.00, with a market capitalization of approximately $2.30 billion; the stock has ranged from $9.45 to $42.55 over the past year.
• The company recently reported quarterly EPS of $0.53, well above the $0.19 consensus estimate, while revenue rose 113.5% year over year to $189.56 million. Analysts broadly rate the stock “Moderate Buy,” with a consensus price target of $32.29, though Ethos remains a SPAC without significant operating businesses of its own.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) CEO Peter Colis sold 23,334 shares of the firm's stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $39.82, for a total value of $929,159.88. Following the completion of the sale, the chief executive officer directly owned 1,537,360 shares of the company's stock, valued at $61,217,675.20. This trade represents a 1.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peter George Colis also recently made the following trade(s):

• On Thursday, September 17th, Peter Colis sold 23,333 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $38.85, for a total value of $906,487.05.
• On Friday, August 21st, Peter Colis sold 28,600 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $33.38, for a total value of $954,668.00.
• On Wednesday, August 19th, Peter Colis sold 27,924 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $33.00, for a total value of $921,492.00.
• On Monday, August 17th, Peter Colis sold 29,342 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $34.18, for a total transaction of $1,002,909.56.

Ethos Technologies Inc. Class A Common Stock Stock Performance

LIFE stock traded down $0.40 during midday trading on Friday, reaching $36.00. 2,684,900 shares of the company's stock traded hands, compared to its average volume of 784,761. The firm has a fifty day simple moving average of $30.37. Ethos Technologies Inc. Class A Common Stock has a 52 week low of $9.45 and a 52 week high of $42.55. The firm has a market capitalization of $2.30 billion and a P/E ratio of -12.63.

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 earnings per share 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 for the quarter 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 year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the company an "overweight" rating in a research note on Monday, July 13th. Citizens Jmp increased their price objective on 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 reaffirmed a "market outperform" rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Weiss Ratings reiterated a "sell (d)" rating on shares of Ethos Technologies Inc. Class A Common Stock in a report on Friday, August 21st. Finally, Barclays increased their price target on Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ethos Technologies Inc. Class A Common Stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.29.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. The Manufacturers Life Insurance Company acquired a new stake in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 341,279 shares of the company's stock, valued at approximately $6,191,000. The Manufacturers Life Insurance Company owned about 0.54% of Ethos Technologies Inc. Class A Common Stock as of its most recent filing with the SEC. Institutional investors and hedge funds own 61.72% of the company's stock.

About Ethos Technologies Inc. Class A Common Stock

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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