Insider Selling: Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Major Shareholder Sells $2,077,531.25 in Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, May 14th, 2019 Gp L.L.C. Gv sold 60,077 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $23.01, for a total transaction of $1,382,371.77.

Ethos Technologies Inc. Class A Common Stock Price Performance

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 posted its quarterly earnings data on Tuesday, March 17th. The company reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $110.08 million for the quarter.

Wall Street Analyst Weigh In

LIFE has been the subject of a number of research analyst reports. Wall Street Zen downgraded 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 research note on Monday, May 11th. Barclays boosted 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 note on Friday, May 8th. Finally, Citizens Jmp boosted 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 research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

More Ethos Technologies Inc. Class A Common Stock News

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.

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.