Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Major Shareholder Us (Ttgp) Ltd. Sc Sells 107,795 Shares of Stock

Key Points

• Major shareholder Us (Ttgp) Ltd. Sc sold 107,795 LIFE shares at an average of $33.12, generating approximately $3.57 million; it also sold 34,821 shares the previous day for about $1.14 million.
• Ethos Technologies’ stock rose 1.9% to $34.16, near its 12-month high of $35.69. The company recently reported quarterly EPS of $0.53 versus analyst expectations of $0.19, while revenue increased 113.5% year over year to $189.56 million.
• Analyst sentiment remains favorable, with six Buy ratings and one Sell rating, producing a consensus “Moderate Buy” rating and an average price target of $32.29. Institutional investors own 61.72% of the company.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $33.12, for a total value of $3,570,170.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Us (Ttgp) Ltd. Sc also recently made the following trade(s):

• On Wednesday, August 19th, Us (Ttgp) Ltd. Sc sold 34,821 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $32.82, for a total value of $1,142,825.22.

Ethos Technologies Inc. Class A Common Stock Trading Up 1.9%

Ethos Technologies Inc. Class A Common Stock stock traded up $0.64 during mid-day trading on Friday, reaching $34.16. 848,491 shares of the company were exchanged, compared to its average volume of 669,236. The company has a market cap of $2.18 billion and a price-to-earnings ratio of -11.99. The firm's fifty day simple moving average is $22.13. Ethos Technologies Inc. Class A Common Stock has a 12 month low of $9.45 and a 12 month high of $35.69.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.34. The company had revenue of $189.56 million for the quarter. The firm's quarterly revenue was up 113.5% compared to the same quarter last year. As a group, research analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.13 EPS for the current year.

Analyst Ratings Changes

LIFE has been the topic of a number of analyst reports. William Blair set a $33.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. The Goldman Sachs Group restated a "buy" rating and issued a $35.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Citigroup reaffirmed a "market outperform" rating on shares of Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Robert W. Baird increased their price target on shares of Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of 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. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.29.

Institutional Trading of Ethos Technologies Inc. Class A Common Stock

An institutional investor recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC bought a new stake in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,847 shares of the company's stock, valued at approximately $69,000. Institutional investors own 61.72% of the company's stock.

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.

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