Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Short Interest Update

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,172,205 shares, a drop of 32.5% from the July 30th total of 1,737,234 shares. Based on an average trading volume of 2,093,069 shares, the short-interest ratio is currently 0.6 days. Approximately 1.8% of the company’s stock are sold short.

Ethos Technologies Inc. Class A Common Stock Price Performance

Ethos Technologies Inc. Class A Common Stock stock traded down $1.33 during mid-day trading on Tuesday, reaching $35.00. The company’s stock had a trading volume of 1,074,832 shares, compared to its average volume of 708,716. Ethos Technologies Inc. Class A Common Stock has a 12 month low of $9.45 and a 12 month high of $40.97. The firm’s 50 day simple moving average is $25.15. The stock has a market cap of $2.23 billion and a P/E ratio of -12.28.

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

Insider Buying and Selling at Ethos Technologies Inc. Class A Common Stock

In related news, CEO Peter George Colis sold 28,600 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $33.38, for a total value of $954,668.00. Following the completion of the transaction, the chief executive officer directly owned 1,537,360 shares of the company’s stock, valued at approximately $51,317,076.80. This represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brandt Walter Kucharski sold 8,735 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $32.47, for a total value of $283,625.45. Following the transaction, the chief accounting officer owned 91,648 shares of the company’s stock, valued at approximately $2,975,810.56. This trade represents a 8.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 928,107 shares of company stock valued at $24,825,665 over the last quarter.

Analyst Ratings Changes

A number of analysts have recently commented on LIFE shares. Citigroup restated a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Robert W. Baird increased their price objective on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Barclays lifted their target price on Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. The Goldman Sachs Group restated a “buy” rating and issued a $35.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. upped their price target on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. 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, Ethos Technologies Inc. Class A Common Stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.29.

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.