Key Points
- Major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares at an average of $33.12, generating approximately $3.57 million; combined with its August 19 sale, the shareholder sold 142,616 shares for about $4.7 million.
- Ethos reported quarterly earnings of $0.53 per share, beating estimates of $0.19, while revenue rose 113.5% year over year to $189.56 million. The stock opened at $34.16, near its 52-week high of $35.69.
- Analyst sentiment remains broadly positive, with six Buy ratings and one Sell rating and an overall “Moderate Buy” consensus, although the insider sales were executed under pre-arranged Rule 10b5-1 plans.
Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) CAO Brandt Walter Kucharski sold 8,735 shares of the business's stock in a transaction that occurred on 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 directly owned 91,648 shares in the company, valued at $2,975,810.56. The trade was a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Brandt Walter Kucharski also recently made the following trade(s):
- On Monday, August 17th, Brandt Walter Kucharski sold 5,611 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $34.26, for a total value of $192,232.86.
- On Friday, August 14th, Brandt Walter Kucharski sold 77,436 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $34.93, for a total transaction of $2,704,839.48.
Ethos Technologies Inc. Class A Common Stock Stock Performance
NASDAQ:LIFE opened at $34.16 on Friday. The firm has a market capitalization of $2.18 billion and a P/E ratio of -11.99. The company has a fifty day moving average of $22.50. Ethos Technologies Inc. Class A Common Stock has a one year low of $9.45 and a one year high of $35.69.
Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last announced its 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 company had revenue of $189.56 million for the quarter. The firm's quarterly revenue was up 113.5% on a year-over-year basis. On average, equities research analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current year.
Key Stories Impacting Ethos Technologies Inc. Class A Common Stock
Here are the key news stories impacting Ethos Technologies Inc. Class A Common Stock this week:
- Neutral Sentiment: The insider transactions were executed under pre-arranged Rule 10b5-1 trading plans, which suggests the sales may have been scheduled in advance rather than signaling a sudden deterioration in management’s outlook. CEO Peter Colis and President Lingke Wang continue to own roughly 1.54 million shares each. SEC insider sale filing
- Negative Sentiment: Company executives sold a combined 183,592 shares for approximately $6.1 million. President Lingke Wang sold 118,333 shares, CEO Peter Colis sold 56,524 shares across two transactions, and Chief Accounting Officer Brandt Walter Kucharski sold 8,735 shares. The sales reduce their individual holdings and may be viewed negatively after the stock’s strong run. Executive transaction filings
- Negative Sentiment: Major shareholder Us (Ttgp) Ltd. Sc sold an additional 142,616 shares for approximately $4.7 million across August 19 and 20. Continued selling by a large shareholder increases the available supply of shares and could weigh on sentiment, although the filings do not indicate that the proceeds reflect company-specific concerns. Major shareholder transaction filing
Institutional Trading of Ethos Technologies Inc. Class A Common Stock
An institutional investor recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC bought a new position in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,847 shares of the company's stock, valued at approximately $69,000. 61.72% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have commented on LIFE shares. JPMorgan Chase & Co. upped their price objective on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the company an "overweight" rating in a report on Monday, July 13th. Barclays boosted their target price 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 report on Tuesday, August 4th. Citizens Jmp raised their price target on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 4th. Citigroup reiterated a "market outperform" rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $35.00 price objective 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 issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $32.29.
Check Out Our Latest Research Report on Ethos Technologies Inc. Class A Common Stock
About Ethos Technologies Inc. Class A Common Stock
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Get Free Report)
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.
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