Ethos Technologies Inc. Class A Common Stock’s Lock-Up Period Will End on July 28th (NASDAQ:LIFE)

Ethos Technologies Inc. Class A Common Stock’s (NASDAQ:LIFE) lock-up period is set to expire on Tuesday, July 28th. Ethos Technologies Inc. Class A Common Stock had issued 10,526,315 shares in its public offering on January 29th. The total size of the offering was $199,999,985 based on an initial share price of $19.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays increased 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 research note on Friday, May 8th. JPMorgan Chase & Co. lifted their price target 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. Weiss Ratings cut Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, May 26th. Wall Street Zen downgraded Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Citizens Jmp raised their price objective on Ethos Technologies Inc. Class A Common Stock from $21.00 to $27.00 and gave the company a “market outperform” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.67.

Ethos Technologies Inc. Class A Common Stock Trading Down 0.8%

LIFE opened at $18.50 on Tuesday. The firm’s fifty day moving average is $18.65. Ethos Technologies Inc. Class A Common Stock has a 52-week low of $9.45 and a 52-week high of $32.50. The stock has a market capitalization of $1.17 billion and a P/E ratio of -5.87.

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

Insider Buying and Selling

In other Ethos Technologies Inc. Class A Common Stock news, CAO Brandt Walter Kucharski sold 5,823 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $22.06, for a total transaction of $128,455.38. Following the completion of the transaction, the chief accounting officer owned 183,430 shares of the company’s stock, valued at $4,046,465.80. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Christopher M. Capozzi sold 80,586 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $22.13, for a total value of $1,783,368.18. Following the transaction, the chief financial officer directly owned 665,228 shares of the company’s stock, valued at $14,721,495.64. The trade was a 10.81% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 340,345 shares of company stock worth $7,721,475 in the last quarter. 3.70% of the stock is owned by insiders.

Ethos Technologies Inc. Class A Common Stock Company Profile

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.