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

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

Wall Street Analysts Forecast Growth

LIFE has been the subject of several research reports. Citizens Jmp raised their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $35.00 price target on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Barclays boosted their price objective 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. William Blair set a $33.00 target price on Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. 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 a consensus target price of $32.29.

Ethos Technologies Inc. Class A Common Stock Stock Down 3.7%

LIFE opened at $35.00 on Wednesday. The company has a market capitalization of $2.23 billion and a PE ratio of -12.28. The company has a 50 day simple moving average of $25.55. Ethos Technologies Inc. Class A Common Stock has a 1-year low of $9.45 and a 1-year high of $40.97.

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 the consensus estimate of $0.19 by $0.34. The company had revenue of $189.56 million for the quarter. The company’s quarterly revenue was up 113.5% on a year-over-year basis. Equities research analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current fiscal year.

Insider Activity at Ethos Technologies Inc. Class A Common Stock

In other news, President Lingke Wang sold 118,333 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $33.29, for a total value of $3,939,305.57. Following the completion of the transaction, the president owned 1,537,543 shares of the company’s stock, valued at approximately $51,184,806.47. This represents a 7.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 928,107 shares of company stock worth $24,825,665 in the last ninety days.

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.