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

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $33.12, for a total value of $3,570,170.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% 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 Price Performance

Shares of LIFE opened at $34.16 on Friday. The company has a 50 day simple moving average of $22.50. The firm has a market capitalization of $2.18 billion and a P/E ratio of -11.99. Ethos Technologies Inc. Class A Common Stock has a 52-week low of $9.45 and a 52-week high of $35.69.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.19 by $0.34. The company had revenue of $189.56 million during the quarter. The business’s revenue for the quarter was up 113.5% compared to the same quarter last year. On average, equities research analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current fiscal year.

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

A hedge fund 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) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,129 shares of the company’s stock, valued at approximately $189,000. 61.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings downgraded Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, May 26th. 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. Citizens Jmp boosted their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 4th. William Blair set a $33.00 target price on Ethos Technologies Inc. Class A Common Stock in a report on Tuesday, August 4th. Finally, Citigroup reissued a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ethos Technologies Inc. Class A Common Stock has a consensus rating of “Moderate Buy” and an average price target of $32.29.

Key Stories Impacting Ethos Technologies Inc. Class A Common Stock

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

• Neutral Sentiment: The insider transactions were executed under pre-arranged Rule 10b5-1 trading plans, which suggests the sales may have been scheduled in advance rather than signaling a sudden deterioration in management’s outlook. CEO Peter Colis and President Lingke Wang continue to own roughly 1.54 million shares each. SEC insider sale filing
• Negative Sentiment: Company executives sold a combined 183,592 shares for approximately $6.1 million. President Lingke Wang sold 118,333 shares, CEO Peter Colis sold 56,524 shares across two transactions, and Chief Accounting Officer Brandt Walter Kucharski sold 8,735 shares. The sales reduce their individual holdings and may be viewed negatively after the stock’s strong run. Executive transaction filings
• Negative Sentiment: Major shareholder Us (Ttgp) Ltd. Sc sold an additional 142,616 shares for approximately $4.7 million across August 19 and 20. Continued selling by a large shareholder increases the available supply of shares and could weigh on sentiment, although the filings do not indicate that the proceeds reflect company-specific concerns. Major shareholder transaction filing

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.