Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Cut to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) from an overweight rating to a neutral rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has $37.00 price target on the stock.

Several other brokerages also recently issued reports on LIFE. Robert W. Baird upped their price target on Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Citigroup restated a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. The Goldman Sachs Group restated a “buy” rating and set a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ethos Technologies Inc. Class A Common Stock in a report on Friday, August 21st. Finally, Wall Street Zen upgraded 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. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.75.

Ethos Technologies Inc. Class A Common Stock Price Performance

LIFE stock opened at $34.12 on Thursday. The firm has a market cap of $2.18 billion and a P/E ratio of -11.97. Ethos Technologies Inc. Class A Common Stock has a 52-week low of $9.45 and a 52-week high of $42.55. The company’s 50-day moving average is $33.81.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.34. The company had revenue of $189.56 million for the quarter. Ethos Technologies Inc. Class A Common Stock’s revenue for the quarter was up 113.5% compared to the same quarter last year. Equities research analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $33.12, for a total transaction of $3,570,170.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Lingke Wang sold 118,333 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $33.29, for a total value of $3,939,305.57. Following the completion of the transaction, the president directly owned 1,537,543 shares in the company, valued at approximately $51,184,806.47. This represents a 7.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,093,107 shares of company stock valued at $31,271,566 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. The Manufacturers Life Insurance Company bought a new stake in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 341,279 shares of the company’s stock, valued at approximately $6,191,000. The Manufacturers Life Insurance Company owned about 0.54% of Ethos Technologies Inc. Class A Common Stock at the end of the most recent reporting period. 61.72% of the stock is owned by institutional investors.

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.