Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE – Get Free Report) President Lingke Wang sold 22,623 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $34.28, for a total value of $775,516.44. Following the sale, the president owned 1,572,679 shares in the company, valued at approximately $53,911,436.12. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Ethos Technologies Inc. Class A Common Stock Trading Down 3.3%
Shares of NASDAQ LIFE opened at $34.01 on Wednesday. Ethos Technologies Inc. Class A Common Stock has a 52 week low of $9.45 and a 52 week high of $35.69. The business has a 50-day moving average of $21.47. The company has a market cap of $2.17 billion and a P/E ratio of -11.93.
Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE – Get Free Report) last posted its 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 company had revenue of $189.56 million for the quarter. The firm’s revenue for the quarter was up 113.5% on a year-over-year basis. On average, equities research analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.13 EPS for the current fiscal year.
Institutional Trading of Ethos Technologies Inc. Class A Common Stock
More Ethos Technologies Inc. Class A Common Stock News
Here are the key news stories impacting Ethos Technologies Inc. Class A Common Stock this week:
- Neutral Sentiment: Although the sales involve the CEO, president, CFO and chief accounting officer, each transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and was used to cover tax-withholding obligations tied to vested equity awards. This makes the transactions less indicative of a deliberate loss of confidence in the company. SEC filing for CEO sale
- Neutral Sentiment: Executives continued to hold substantial positions after the sales: CEO Peter George Colis retained 1.57 million shares, President Lingke Wang retained 1.57 million, and CFO Christopher M. Capozzi retained 639,044 shares. The CAO also retained 100,383 shares. SEC filing for CFO sale
- Negative Sentiment: The concentration of sales by multiple top executives could weigh on sentiment, particularly after LIFE’s strong run toward its 52-week high. The transactions reduced individual holdings by roughly 1.4% to 42.2%, with the CAO’s larger reduction potentially attracting additional attention. SEC filing for CAO sales
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on LIFE. Wall Street Zen raised Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Barclays upped their target price on Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. William Blair set a $33.00 price target on Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Robert W. Baird lifted their price target on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Finally, Citigroup reissued a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.29.
Check Out Our Latest Stock Report on LIFE
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.
Featured Stories
- Five stocks we like better than Ethos Technologies Inc. Class A Common Stock
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Receive News & Ratings for Ethos Technologies Inc. Class A Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ethos Technologies Inc. Class A Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.
