Short Interest in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Drops By 37.8%

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,182,513 shares, a decline of 37.8% from the April 30th total of 1,900,598 shares. Based on an average daily trading volume, of 866,470 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.9% of the company’s shares are short sold.

Ethos Technologies Inc. Class A Common Stock Trading Down 8.6%

Ethos Technologies Inc. Class A Common Stock stock opened at $17.26 on Wednesday. Ethos Technologies Inc. Class A Common Stock has a 12 month low of $9.45 and a 12 month high of $32.50.

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 during the quarter.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays raised their price objective 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 report on Friday, May 8th. Weiss Ratings downgraded shares of Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, May 26th. Wall Street Zen lowered 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 upped their target price on Ethos Technologies Inc. Class A Common Stock from $21.00 to $27.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ethos Technologies Inc. Class A Common Stock currently has an average rating of “Hold” and a consensus target price of $27.00.

Insider Transactions at Ethos Technologies Inc. Class A Common Stock

In other news, CAO Brandt Walter Kucharski sold 5,823 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $22.06, for a total transaction of $128,455.38. Following the completion of the sale, the chief accounting officer owned 183,430 shares of the company’s stock, valued at $4,046,465.80. This trade represents a 3.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 340,345 shares of company stock valued at $7,721,475. 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.