Key Points
- CEO Peter Colis sold 23,333 LIFE shares at an average price of $38.85, generating $906,487; the transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 1.5%.
- Ethos Technologies reported quarterly EPS of $0.53, beating estimates of $0.19, while revenue rose 113.5% year over year to $189.56 million.
- Analysts maintain a generally positive outlook, with six Buy ratings and one Sell rating producing a “Moderate Buy” consensus, although the average price target of $32.29 is below the stock’s Friday opening price of $36.00.
Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) CEO Peter Colis sold 23,333 shares of the firm's stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $38.85, for a total value of $906,487.05. Following the sale, the chief executive officer directly owned 1,537,360 shares of the company's stock, valued at approximately $59,726,436. This represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Peter George Colis also recently made the following trade(s):
- On Wednesday, September 16th, Peter Colis sold 23,334 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $39.82, for a total value of $929,159.88.
- On Friday, August 21st, Peter Colis sold 28,600 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $33.38, for a total value of $954,668.00.
- On Wednesday, August 19th, Peter Colis sold 27,924 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $33.00, for a total value of $921,492.00.
- On Monday, August 17th, Peter Colis sold 29,342 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $34.18, for a total value of $1,002,909.56.
Ethos Technologies Inc. Class A Common Stock Price Performance
Shares of LIFE opened at $36.00 on Friday. The business has a 50-day moving average of $30.69. The stock has a market cap of $2.30 billion and a PE ratio of -12.63. Ethos Technologies Inc. Class A Common Stock has a 1-year low of $9.45 and a 1-year high of $42.55.
Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last posted its quarterly earnings data 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 firm's revenue for the quarter was up 113.5% compared to the same quarter last year. Equities analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on LIFE. Barclays upped their price target 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 lifted their price objective 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. Robert W. Baird boosted their target price on shares of Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, August 4th. William Blair set a $33.00 target price on Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Finally, Wall Street Zen raised Ethos Technologies Inc. Class A Common Stock from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Ethos Technologies Inc. Class A Common Stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.29.
View Our Latest Research Report on LIFE
Institutional Investors Weigh In On Ethos Technologies Inc. Class A Common Stock
A hedge fund recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. The Manufacturers Life Insurance Company purchased a new stake in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 341,279 shares of the company's stock, valued at approximately $6,191,000. The Manufacturers Life Insurance Company owned about 0.54% of Ethos Technologies Inc. Class A Common Stock at the end of the most recent reporting period. 61.72% of the stock is currently owned by institutional investors.
About Ethos Technologies Inc. Class A Common Stock
(
Get Free Report)
Ethos Technologies Inc is a special purpose acquisition company (SPAC) whose Class A common stock trades on the Nasdaq Stock Market under the symbol LIFE. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with an operating business.
Unlike an operating company, Ethos Technologies does not currently appear to have established products, services, or significant commercial operations of its own.
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