Insider Selling: Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Major Shareholder Sells $1,382,371.77 in Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) major shareholder 2019 Gp L.L.C. Gv sold 60,077 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $23.01, for a total value of $1,382,371.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

2019 Gp L.L.C. Gv also recently made the following trade(s):

• On Friday, May 15th, 2019 Gp L.L.C. Gv sold 87,475 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25.

Ethos Technologies Inc. Class A Common Stock Stock Up 4.9%

Shares of NASDAQ LIFE opened at $20.02 on Thursday. Ethos Technologies Inc. Class A Common Stock has a 52-week low of $9.45 and a 52-week high of $32.50.

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

Wall Street Analyst Weigh In

LIFE has been the topic of a number of recent research reports. Citizens Jmp raised their target price 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. Wall Street Zen cut shares of Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Ethos Technologies Inc. Class A Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Barclays raised 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 report on Friday, May 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Ethos Technologies Inc. Class A Common Stock News Summary

Here are the key news stories impacting Ethos Technologies Inc. Class A Common Stock this week:

• Negative Sentiment: CEO Peter George Colis, CFO Christopher M. Capozzi, CAO Brandt Walter Kucharski, and President Lingke Wang all sold shares in recent filings. Although the company said these transactions were for tax withholding obligations related to vested equity awards, the size and concentration of insider selling can still raise investor concerns. Article Title
• Negative Sentiment: A major shareholder, 2019 Gp L.L.C. Gv, also sold a combined 147,552 shares across two transactions, adding to the impression that large holders are reducing exposure. Article Title
• Neutral Sentiment: Ethos previously reported solid quarterly results, with $0.42 EPS and $110.08 million in revenue, which provides a constructive fundamental backdrop, but those results are not the main driver of trading right now.
• Neutral Sentiment: Analyst views remain mixed-to-positive overall, with a consensus “Moderate Buy” and a $27 average price target, though one recent downgrade to “sell” adds some caution.

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.