Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CFO Christopher Capozzi Sells 80,586 Shares

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CFO Christopher Capozzi sold 80,586 shares of the stock in a transaction dated Friday, May 15th. The stock was 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 directly owned 665,228 shares in the company, valued at approximately $14,721,495.64. This trade represents a 10.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ethos Technologies Inc. Class A Common Stock Stock Down 7.9%

Shares of LIFE stock traded down $1.64 during trading hours on Tuesday, reaching $19.08. The stock had a trading volume of 426,361 shares, compared to its average volume of 537,257. Ethos Technologies Inc. Class A Common Stock has a twelve month low of $9.45 and a twelve month high of $32.50.

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

Analyst Upgrades and Downgrades

LIFE has been the subject of a number of recent analyst reports. Citizens Jmp increased their target price on shares of Ethos Technologies Inc. Class A Common Stock from $21.00 to $27.00 and gave the company a “market outperform” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Ethos Technologies Inc. Class A Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wall Street Zen lowered shares of Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Barclays raised their target price on shares of Ethos Technologies Inc. Class A Common Stock from $20.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Ethos Technologies Inc. Class A Common Stock has an average rating of “Moderate Buy” and a consensus target price of $27.00.

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:

• Negative Sentiment: CEO Peter George Colis sold 60,035 shares, the CFO Christopher M. Capozzi sold 80,586 shares, the CAO Brandt Walter Kucharski sold 5,823 shares, and President Lingke Wang sold 46,349 shares. While the company said these sales were made to cover tax withholding tied to equity award vesting, the large cluster of insider transactions can still weigh on investor sentiment. Article Title
• Negative Sentiment: Major shareholder 2019 Gp L.L.C. Gv also sold a combined 147,552 shares across two recent transactions, adding to concerns that larger holders may be trimming exposure. Article Title
• Neutral Sentiment: The company’s most recent quarterly results showed EPS of $0.42 on revenue of $110.08 million, which provides a solid operational backdrop, but the earnings report is older than the insider-sale headlines driving trading now.
• Neutral Sentiment: Analyst commentary remains mixed-to-positive overall, with Citizens JMP and Barclays setting $27 price targets, though one recent downgrade to “sell” has introduced some caution.

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.