Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Sees Large Growth in Short Interest

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 3,710,794 shares, an increase of 103.9% from the September 15th total of 1,819,799 shares. Based on an average daily volume of 1,826,762 shares, the short-interest ratio is presently 2.0 days. Approximately 6.0% of the shares of the stock are sold short.

Insider Activity at Ethos Technologies Inc. Class A Common Stock

In related news, President Lingke Wang sold 118,333 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $33.29, for a total transaction of $3,939,305.57. Following the completion of the sale, the president directly owned 1,537,543 shares in the company, valued at $51,184,806.47. This represents a 7.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,093,107 shares of company stock worth $31,271,566 in the last three months.

Institutional Investors Weigh In On Ethos Technologies Inc. Class A Common Stock

A number of institutional investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB bought a new stake in Ethos Technologies Inc. Class A Common Stock during the 3rd quarter worth approximately $32,000. Zevenbergen Capital Investments LLC bought a new position in shares of Ethos Technologies Inc. Class A Common Stock during the third quarter valued at $720,000. State Street Corp bought a new position in shares of Ethos Technologies Inc. Class A Common Stock during the second quarter valued at $932,000. The Manufacturers Life Insurance Company bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the second quarter worth $6,191,000. Finally, Glynn Capital Management LLC bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock in the third quarter worth $15,999,000. 61.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LIFE shares. 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. Weiss Ratings upgraded shares of Ethos Technologies Inc. Class A Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Barclays increased 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 research note on Tuesday, August 4th. Citizens Jmp increased their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $33.00 to $40.00 and gave the company a “market outperform” rating in a research note on Monday. Finally, JPMorgan Chase & Co. lowered shares of Ethos Technologies Inc. Class A Common Stock from an “overweight” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research report on Thursday, October 1st. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.62.

Ethos Technologies Inc. Class A Common Stock Stock Up 6.0%

Shares of LIFE opened at $39.61 on Wednesday. Ethos Technologies Inc. Class A Common Stock has a 12-month low of $9.45 and a 12-month high of $42.55. The stock has a 50-day moving average price of $35.95.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.34. The firm had revenue of $189.56 million for the quarter. The company’s revenue for the quarter was up 113.5% compared to the same quarter last year. As a group, research analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current fiscal year.

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.