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 JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued on Thursday, Marketbeat reports. They presently have a $37.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 10.22% from the company’s previous close.

LIFE has been the topic of a number of other reports. Barclays raised their price target 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 upped 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 report on Tuesday, August 4th. William Blair set a $33.00 price target on Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday, August 4th. Bank of America reissued a “buy” rating and set a $38.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a report on Thursday, September 24th. Finally, Citigroup restated a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.75.

Ethos Technologies Inc. Class A Common Stock Stock Performance

Shares of LIFE stock opened at $33.57 on Thursday. 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 fifty day simple moving average of $33.23. The firm has a market cap of $2.14 billion and a P/E ratio of -11.78.

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

Insider Buying and Selling

In other news, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $33.12, for a total value of $3,570,170.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Lingke Wang sold 118,333 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $38.96, for a total value of $4,610,253.68. Following the transaction, the president owned 1,537,543 shares of the company’s stock, valued at $59,902,675.28. This trade represents a 7.15% 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. Over the last quarter, insiders have sold 1,093,107 shares of company stock worth $31,271,566. Corporate insiders own 3.70% of the company’s stock.

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

An institutional investor recently bought a new stake in Ethos Technologies Inc. Class A Common Stock stock. State Street Corp bought a new position in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 51,400 shares of the company’s stock, valued at approximately $932,000. State Street Corp owned about 0.08% of Ethos Technologies Inc. Class A Common Stock as of its most recent SEC filing. 61.72% of the stock is currently owned by institutional investors.

Ethos Technologies Inc. Class A Common Stock Company Profile

Ethos Technologies Inc is a special purpose acquisition company (SPAC) whose Class A common stock trades on the Nasdaq Stock Market under the symbol LIFE. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with an operating business.

Unlike an operating company, Ethos Technologies does not currently appear to have established products, services, or significant commercial operations of its own.