Peter George Colis Sells 23,334 Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) CEO Peter Colis sold 23,334 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $39.82, for a total value of $929,159.88. Following the sale, the chief executive officer directly owned 1,537,360 shares of the company’s stock, valued at $61,217,675.20. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 Thursday, September 17th, Peter Colis sold 23,333 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $38.85, for a total value of $906,487.05.
• 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 stock was sold at an average price of $34.18, for a total value of $1,002,909.56.

Ethos Technologies Inc. Class A Common Stock Stock Performance

Shares of NASDAQ:LIFE traded down $0.40 during midday trading on Friday, reaching $36.00. The company had a trading volume of 2,684,900 shares, compared to its average volume of 784,761. The stock has a 50 day simple moving average of $30.37. The stock has a market capitalization of $2.30 billion and a PE ratio of -12.63. Ethos Technologies Inc. Class A Common Stock has a 52-week low of $9.45 and a 52-week high of $42.55.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.34. The company had revenue of $189.56 million for the quarter. Ethos Technologies Inc. Class A Common Stock’s quarterly revenue was up 113.5% on a year-over-year basis. On average, equities research analysts forecast that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ethos Technologies Inc. Class A Common Stock

An institutional investor recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. The Manufacturers Life Insurance Company bought a new position in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 341,279 shares of the company’s stock, valued at approximately $6,191,000. The Manufacturers Life Insurance Company owned approximately 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 owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LIFE has been the topic of several research analyst reports. William Blair set a $33.00 price objective on Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Barclays raised their target price on Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. boosted their target price on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Robert W. Baird increased their price target on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note 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 report on Saturday, August 8th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.29.

Ethos Technologies Inc. Class A Common Stock Company Profile

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.