Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Rating Lowered to Neutral at 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 note issued on Thursday, Marketbeat.com reports. They currently have a $37.00 price objective on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 13.43% from the stock’s current price.

A number of other brokerages have also commented on LIFE. Citizens Jmp raised their price target on Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the company a “market outperform” rating in a report on Tuesday, August 4th. Bank of America reissued a “buy” rating and set a $38.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a report on Thursday, September 24th. Citigroup reiterated a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Finally, 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. Six 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.75.

Ethos Technologies Inc. Class A Common Stock Trading Down 2.8%

Ethos Technologies Inc. Class A Common Stock stock traded down $0.95 during midday trading on Thursday, reaching $32.62. 2,588,518 shares of the stock traded hands, compared to its average volume of 827,125. Ethos Technologies Inc. Class A Common Stock has a fifty-two week low of $9.45 and a fifty-two week high of $42.55. The firm has a market cap of $2.08 billion and a price-to-earnings ratio of -11.45. The stock has a fifty day moving average price of $33.23.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last issued 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 business had revenue of $189.56 million for the quarter. Ethos Technologies Inc. Class A Common Stock’s quarterly revenue was up 113.5% compared to the same quarter last year. On average, research analysts expect that Ethos Technologies Inc. Class A Common Stock will post -2.04 EPS for the current year.

Insider Transactions at Ethos Technologies Inc. Class A Common Stock

In other news, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through the SEC website. Also, CEO Peter Colis sold 29,342 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $34.18, for a total transaction of $1,002,909.56. Following the sale, the chief executive officer owned 1,565,960 shares in the company, valued at $53,524,512.80. This represents a 1.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,093,107 shares of company stock worth $31,271,566 in the last three months. Insiders own 3.70% of the company’s stock.

Institutional Trading of Ethos Technologies Inc. Class A Common Stock

A hedge fund recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 341,279 shares of the company’s stock, valued at approximately $6,191,000. The Manufacturers Life Insurance Company owned approximately 0.54% of Ethos Technologies Inc. Class A Common Stock as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 61.72% of the company’s stock.

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.