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

Ethos Technologies Inc. Class A Common Stock’s (NASDAQ:LIFE) lock-up period will 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. After the expiration of Ethos Technologies Inc. Class A Common Stock’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wall Street Zen cut Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings lowered 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. Citizens Jmp increased their price target on shares of Ethos Technologies Inc. Class A Common Stock from $21.00 to $27.00 and gave the stock a “market outperform” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. raised their price target on shares of Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Finally, Barclays raised their price target 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.67.

Ethos Technologies Inc. Class A Common Stock Price Performance

Shares of LIFE opened at $19.23 on Thursday. The stock’s 50-day moving average is $18.41. The firm has a market cap of $1.21 billion and a P/E ratio of -6.10. Ethos Technologies Inc. Class A Common Stock has a fifty-two week low of $9.45 and a fifty-two week 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 company had revenue of $110.08 million for the quarter.

Insider Activity

In related news, President Lingke Wang sold 46,349 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $22.11, for a total transaction of $1,024,776.39. Following the completion of the transaction, the president directly owned 764,836 shares in the company, valued at approximately $16,910,523.96. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 340,345 shares of company stock valued at $7,721,475 over the last 90 days. Company insiders own 3.70% of the company’s stock.

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.