State of Wyoming bought a new position in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE – Free Report) during the third quarter, Holdings Channel.com reports. The fund bought 49,006 shares of the company’s stock, valued at approximately $1,645,000.
Other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new stake in Ethos Technologies Inc. Class A Common Stock in the 2nd quarter valued at $6,191,000. State Street Corp acquired a new stake in Ethos Technologies Inc. Class A Common Stock during the 2nd quarter valued at $932,000. Glynn Capital Management LLC bought a new position in Ethos Technologies Inc. Class A Common Stock during the third quarter worth $15,999,000. Zevenbergen Capital Investments LLC bought a new position in Ethos Technologies Inc. Class A Common Stock during the third quarter worth $720,000. Finally, TD Waterhouse Canada Inc. bought a new position in Ethos Technologies Inc. Class A Common Stock during the third quarter worth $317,000. Institutional investors own 61.72% of the company’s stock.
Ethos Technologies Inc. Class A Common Stock Stock Down 0.5%
Shares of NASDAQ:LIFE opened at $43.39 on Friday. The company’s 50 day moving average price is $38.11 and its two-hundred day moving average price is $26.90. Ethos Technologies Inc. Class A Common Stock has a 12-month low of $9.45 and a 12-month high of $44.99. The firm has a market cap of $2.77 billion and a PE ratio of -15.22.
Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE – Get Free Report) last released its quarterly earnings results 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. Ethos Technologies Inc. Class A Common Stock’s quarterly revenue was up 113.5% compared to the same quarter last year. On average, research analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.
Insider Buying and Selling
In other Ethos Technologies Inc. Class A Common Stock news, President Lingke Wang sold 118,333 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $38.36, for a total value of $4,539,253.88. Following the completion of the transaction, the president directly owned 1,537,543 shares of the company’s stock, valued at $58,980,149.48. The trade was a 7.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Peter Colis sold 40,000 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction on Friday, October 16th. The shares were sold at an average price of $37.77, for a total value of $1,510,800.00. Following the completion of the transaction, the chief executive officer directly owned 1,537,360 shares of the company’s stock, valued at $58,066,087.20. This represents a 2.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 850,737 shares of company stock worth $30,440,261. 3.70% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several equities analysts have commented on LIFE shares. Barclays upped their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the company an “overweight” rating in a 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 research note on Saturday, August 8th. 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 target price for the company. in a report on Thursday, October 1st. Robert W. Baird upped 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. Finally, William Blair set a $33.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued 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 a consensus price target of $35.62.
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.
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