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

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) was downgraded by equities researchers at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat.com reports. They currently have a $37.00 target price on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 6.17% from the company’s current price.

Several other equities analysts have also recently issued reports on LIFE. Weiss Ratings reiterated a “sell (d)” rating on shares of Ethos Technologies Inc. Class A Common Stock in a report on Friday, August 21st. Barclays raised their target price on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Robert W. Baird lifted their price target on shares of Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of Ethos Technologies Inc. Class A Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, William Blair set a $33.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ethos Technologies Inc. Class A Common Stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.75.

Ethos Technologies Inc. Class A Common Stock Stock Down 3.5%

Shares of Ethos Technologies Inc. Class A Common Stock stock traded down $1.28 during midday trading on Thursday, reaching $34.85. The company had a trading volume of 570,648 shares, compared to its average volume of 842,727. The company’s fifty day moving average is $34.14. Ethos Technologies Inc. Class A Common Stock has a 1-year low of $9.45 and a 1-year high of $42.55. The firm has a market cap of $2.22 billion and a P/E ratio of -12.23.

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

Insider Activity

In other Ethos Technologies Inc. Class A Common Stock news, President Lingke Wang sold 118,333 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $38.96, for a total value of $4,610,253.68. Following the sale, the president directly owned 1,537,543 shares in the company, valued at approximately $59,902,675.28. This trade represents a 7.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Peter Colis sold 23,333 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $38.85, for a total transaction of $906,487.05. Following the transaction, the chief executive officer directly owned 1,537,360 shares in the company, valued at approximately $59,726,436. This represents a 1.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 worth $31,271,566 over the last three months.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LIFE. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock during the third quarter worth about $32,000. State Street Corp bought a new stake in Ethos Technologies Inc. Class A Common Stock during the 2nd quarter worth approximately $932,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Ethos Technologies Inc. Class A Common Stock during the 2nd quarter worth approximately $6,191,000. 61.72% of the stock is owned by institutional investors and hedge funds.

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.