Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Major Shareholder 2019 Gp L.L.C. Gv Sells 118,138 Shares of Stock

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% 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 Monday, July 27th, 2019 Gp L.L.C. Gv sold 196,931 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26.
• On Monday, July 20th, 2019 Gp L.L.C. Gv sold 18,386 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $18.87, for a total value of $346,943.82.
• On Friday, July 17th, 2019 Gp L.L.C. Gv sold 20,534 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $18.68, for a total value of $383,575.12.
• On Friday, July 24th, 2019 Gp L.L.C. Gv sold 23,417 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $18.88, for a total value of $442,112.96.
• On Thursday, July 23rd, 2019 Gp L.L.C. Gv sold 63,297 shares of Ethos Technologies Inc. Class A Common Stock stock. The stock was sold at an average price of $19.06, for a total transaction of $1,206,440.82.
• On Friday, May 15th, 2019 Gp L.L.C. Gv sold 87,475 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25.
• On Thursday, May 14th, 2019 Gp L.L.C. Gv sold 60,077 shares of Ethos Technologies Inc. Class A Common Stock stock. The shares were 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 $19.84 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. The stock’s 50-day moving average is $18.25. The stock has a market capitalization of $1.25 billion and a P/E ratio of -6.30.

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

Trending Headlines about Ethos Technologies Inc. Class A Common Stock

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

• Positive Sentiment: Analyst sentiment remains broadly favorable. JPMorgan raised its price target to $23, while Barclays and Citizens JMP each set targets of $27. The consensus rating is “Moderate Buy,” with an average price target of $25.67, implying meaningful upside from recent trading levels. Analyst coverage and consensus
• Neutral Sentiment: Ethos Technologies’ latest reported quarter included $110.08 million in revenue and earnings of $0.42 per share. However, the results were reported in March and provide limited insight into the company’s current operating momentum.
• Negative Sentiment: Major shareholder 2019 GP L.L.C. GV sold 118,138 shares for approximately $2.23 million on July 28 and another 196,931 shares for approximately $3.83 million on July 27. Combined with previously disclosed sales on July 17, 20, 23, and 24, the shareholder sold roughly 440,700 shares worth $8.44 million at prices between $18.68 and $19.46. The transactions were disclosed in SEC Form 4 filings. SEC insider-sale filing
• Negative Sentiment: The repeated sales by a shareholder owning at least 10% of the company may raise concerns about insider confidence or add supply pressure, even though such transactions can also reflect portfolio management rather than a change in business fundamentals. Two rating services previously downgraded LIFE to “Sell,” adding a cautious counterpoint to the larger analysts’ bullish view.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LIFE. Wall Street Zen lowered Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Citizens Jmp boosted their target price on Ethos Technologies Inc. Class A Common Stock from $21.00 to $27.00 and gave the company a “market outperform” rating in a research note on Thursday, May 7th. Weiss Ratings cut Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, May 26th. Barclays upped their price target on Ethos Technologies Inc. Class A Common Stock from $20.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. increased their price target on Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Three 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.67.

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.