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

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE)’s stock price fell 7.2% on Tuesday after an insider sold shares in the company. The stock traded as low as $19.16 and last traded at $19.23. 198,654 shares traded hands during 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 stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LIFE shares. 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. Citizens Jmp increased their price objective 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. Barclays lifted their target price 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, Wall Street Zen cut shares of Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.00.

Ethos Technologies Inc. Class A Common Stock Stock Performance

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its quarterly 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 for the quarter.

About Ethos Technologies Inc. Class A Common Stock

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.