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

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Thursday, Marketbeat Ratings reports. They presently have a $37.00 price objective on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 8.44% from the company’s previous close.

LIFE has been the subject of a number of other research reports. Robert W. Baird upped their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. 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. Citigroup reaffirmed 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 reaffirmed 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. Finally, Citizens Jmp upped their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $33.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 4th. Six equities 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.75.

Ethos Technologies Inc. Class A Common Stock Stock Up 4.8%

Shares of NASDAQ LIFE traded up $1.55 on Thursday, reaching $34.12. 1,347,575 shares of the company traded hands, compared to its average volume of 836,266. 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’s 50 day moving average is $33.50. The company has a market capitalization of $2.18 billion and a PE ratio of -11.97.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating 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 quarterly revenue was up 113.5% on a year-over-year basis. As a group, analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current year.

Insider Buying and Selling at Ethos Technologies Inc. Class A Common Stock

In related news, CAO Brandt Walter Kucharski sold 8,735 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $32.47, for a total transaction of $283,625.45. Following the completion of the sale, the chief accounting officer owned 91,648 shares of the company’s stock, valued at approximately $2,975,810.56. This represents a 8.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Us (Ttgp) Ltd. Sc sold 107,795 shares of the stock in a transaction that occurred 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,093,107 shares of company stock worth $31,271,566 in the last quarter. Company insiders own 3.70% of the company’s stock.

Institutional Trading of Ethos Technologies Inc. Class A Common Stock

An institutional investor recently bought a new position in Ethos Technologies Inc. Class A Common Stock stock. The Manufacturers Life Insurance Company acquired a new position in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the second quarter, according to the company in its most recent filing with the SEC. 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 at the end of the most recent reporting period. 61.72% of the stock is owned by hedge funds and other 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.