Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Trading Down 7.2% Following Insider Selling

Shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) fell 7.2% on Tuesday after an insider sold shares in the company. The company traded as low as $19.16 and last traded at $19.23. 198,654 shares were traded during mid-day trading, a decline of 63% from the average session volume of 533,788 shares. The stock had previously closed at $20.72.

Specifically, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 60,077 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $23.01, for a total transaction of $1,382,371.77. The SEC filing for this sale provides additional information.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. 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 company a “market outperform” rating in a report on Thursday, May 7th. Weiss Ratings upgraded 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. Barclays increased their price target on shares of Ethos Technologies Inc. Class A Common Stock from $20.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, 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. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Ethos Technologies Inc. Class A Common Stock Price Performance

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

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.