Short Interest in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Decreases By 37.8%

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,182,513 shares, a decrease of 37.8% from the April 30th total of 1,900,598 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily volume of 866,470 shares, the days-to-cover ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citizens Jmp increased their price target on Ethos Technologies Inc. Class A Common Stock from $21.00 to $27.00 and gave the company a “market outperform” rating in a research report on Thursday, May 7th. Weiss Ratings downgraded Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, May 26th. Wall Street Zen downgraded Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Barclays increased their price target on Ethos Technologies Inc. Class A Common Stock from $20.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.00.

Insider Transactions at Ethos Technologies Inc. Class A Common Stock

In related news, CAO Brandt Walter Kucharski sold 5,823 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $22.06, for a total transaction of $128,455.38. Following the completion of the sale, the chief accounting officer directly owned 183,430 shares of the company’s stock, valued at approximately $4,046,465.80. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Lingke Wang sold 46,349 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $22.11, for a total value of $1,024,776.39. Following the sale, the president directly owned 764,836 shares of the company’s stock, valued at $16,910,523.96. The trade was a 5.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 340,345 shares of company stock valued at $7,721,475. Corporate insiders own 3.70% of the company’s stock.

Ethos Technologies Inc. Class A Common Stock Stock Performance

Shares of NASDAQ LIFE opened at $17.18 on Friday. Ethos Technologies Inc. Class A Common Stock has a 1-year low of $9.45 and a 1-year high of $32.50.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last announced its quarterly earnings data on Tuesday, March 17th. The company reported $0.42 earnings per share for the quarter. The firm had revenue of $110.08 million for the quarter.

About Ethos Technologies Inc. Class A Common Stock

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.