Ethos Technologies Inc. Class A Common Stock’s (NASDAQ:LIFE) Lock-Up Period Will End on July 28th

Ethos Technologies Inc. Class A Common Stock’s (NASDAQ:LIFE) lock-up period is set to expire on Tuesday, July 28th. Ethos Technologies Inc. Class A Common Stock had issued 10,526,315 shares in its IPO on January 29th. The total size of the offering was $199,999,985 based on an initial share price of $19.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LIFE. JPMorgan Chase & Co. upped their target price on shares of Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Weiss Ratings downgraded shares of Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a research note on Tuesday, May 26th. Citizens Jmp boosted their price target on shares of Ethos Technologies Inc. Class A Common Stock from $21.00 to $27.00 and gave the stock a “market outperform” rating in a report on Thursday, May 7th. Barclays increased their price objective on shares of 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. Finally, Wall Street Zen lowered shares of Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.67.

Ethos Technologies Inc. Class A Common Stock Trading Down 2.8%

LIFE opened at $18.50 on Friday. Ethos Technologies Inc. Class A Common Stock has a one year low of $9.45 and a one year high of $32.50. The stock has a market cap of $1.17 billion and a P/E ratio of -5.87. The firm has a 50-day simple moving average of $18.28.

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

Insider Activity at Ethos Technologies Inc. Class A Common Stock

In other news, CFO Christopher M. Capozzi sold 80,586 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $22.13, for a total transaction of $1,783,368.18. Following the completion of the sale, the chief financial officer owned 665,228 shares in the company, valued at approximately $14,721,495.64. The trade was a 10.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Brandt Walter Kucharski sold 5,823 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $22.06, for a total transaction of $128,455.38. Following the completion of the transaction, the chief accounting officer owned 183,430 shares of the company’s stock, valued at approximately $4,046,465.80. The trade was a 3.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 340,345 shares of company stock valued at $7,721,475 in the last quarter. Company insiders own 3.70% of the company’s stock.

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.