Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock Bumped Down to “Neutral” by 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 report issued on Thursday, Marketbeat.com reports. They presently have a $37.00 price target on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 12.80% from the stock’s current price.

Several other brokerages have also recently issued reports on LIFE. Barclays raised their price objective on Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Bank of America restated a “buy” rating and set a $38.00 price objective on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Thursday, September 24th. Citizens Jmp raised their price objective on Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the stock a “market outperform” rating in a research note 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. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Friday, August 21st. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.75.

Ethos Technologies Inc. Class A Common Stock Trading Down 2.3%

Shares of Ethos Technologies Inc. Class A Common Stock stock traded down $0.77 on Thursday, hitting $32.80. 531,972 shares of the company’s stock traded hands, compared to its average volume of 812,967. The firm has a market capitalization of $2.09 billion and a PE ratio of -11.51. The business’s 50-day simple moving average is $33.23. Ethos Technologies Inc. Class A Common Stock has a 52-week low of $9.45 and a 52-week high of $42.55.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last released its 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 business had revenue of $189.56 million for the quarter. Ethos Technologies Inc. Class A Common Stock’s revenue was up 113.5% compared to the same quarter last year. As a group, equities research analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ethos Technologies Inc. Class A Common Stock news, President Lingke Wang sold 118,333 shares of the firm’s stock in a transaction on 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 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 filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Peter Colis sold 23,333 shares of the firm’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $38.85, for a total value of $906,487.05. Following the completion of the sale, the chief executive officer owned 1,537,360 shares in the company, valued at $59,726,436. The trade was 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. Over the last ninety days, insiders have sold 1,093,107 shares of company stock valued at $31,271,566. 3.70% of the stock is owned by corporate insiders.

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

An institutional investor recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. State Street Corp 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 13F filing with the Securities & Exchange Commission. The fund acquired 51,400 shares of the company’s stock, valued at approximately $932,000. State Street Corp owned approximately 0.08% of Ethos Technologies Inc. Class A Common Stock as of its most recent SEC filing. 61.72% of the stock is owned by institutional investors.

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.