Insider Selling: Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Major Shareholder Sells 34,821 Shares

Key Points

• Major shareholder Us (Ttgp) Ltd. Sc sold 34,821 LIFE shares at an average price of $32.82, generating approximately $1.14 million; it also sold 107,795 shares the following day for about $3.57 million.
• LIFE shares rose $0.64 to $34.16, near their one-year high of $35.69, giving the company a market capitalization of approximately $2.18 billion.
• Ethos reported quarterly EPS of $0.53, beating estimates of $0.19, while revenue rose 113.5% year over year to $189.56 million. Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and a $32.29 target price.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Get Free Report) major shareholder Us (Ttgp) Ltd. Sc sold 34,821 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $32.82, for a total value of $1,142,825.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, August 20th, Us (Ttgp) Ltd. Sc sold 107,795 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $33.12, for a total value of $3,570,170.40.

Ethos Technologies Inc. Class A Common Stock Price Performance

Shares of LIFE traded up $0.64 during midday trading on Friday, hitting $34.16. The company's stock had a trading volume of 848,491 shares, compared to its average volume of 669,236. Ethos Technologies Inc. Class A Common Stock has a one year low of $9.45 and a one year high of $35.69. The company has a market cap of $2.18 billion and a PE ratio of -11.99. The company's fifty day moving average price is $22.13.

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

Institutional Investors Weigh In On Ethos Technologies Inc. Class A Common Stock

A hedge fund recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. Philadelphia Investment Partners LLC bought a new position in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,129 shares of the company's stock, valued at approximately $189,000. Hedge funds and other institutional investors own 61.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LIFE. 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 company an "overweight" rating in a research note on Monday, July 13th. Citigroup reissued a "market outperform" rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Barclays raised their target price on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday, August 4th. Wall Street Zen raised shares of Ethos Technologies Inc. Class A Common Stock from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $35.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ethos Technologies Inc. Class A Common Stock presently has an average rating of "Moderate Buy" and a consensus target price of $32.29.

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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