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 stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a $37.00 price target on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 8.44% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Barclays boosted their target price on shares of Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Robert W. Baird boosted their target price 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. 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 research report on Thursday, September 24th. Citigroup reissued a “market outperform” rating on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $35.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.75.

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

Shares of Ethos Technologies Inc. Class A Common Stock stock traded up $1.55 on Thursday, reaching $34.12. The stock had a trading volume of 1,347,662 shares, compared to its average volume of 836,266. The firm’s 50 day moving average price is $33.81. Ethos Technologies Inc. Class A Common Stock has a 1 year low of $9.45 and a 1 year high of $42.55. The stock has a market cap of $2.18 billion and a PE ratio of -11.97.

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 analysts’ consensus estimates of $0.19 by $0.34. The firm had revenue of $189.56 million during the quarter. The company’s quarterly revenue was up 113.5% on a year-over-year basis. As a group, equities research analysts anticipate that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current year.

Insider Activity

In related news, CAO Brandt Walter Kucharski sold 8,735 shares of the stock in a transaction 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 sale, the chief accounting officer directly owned 91,648 shares of the company’s stock, valued at approximately $2,975,810.56. This represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 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 SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,093,107 shares of company stock valued at $31,271,566. 3.70% of the stock is currently owned by corporate insiders.

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. State Street Corp purchased a new position in shares of Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 filing with the Securities and Exchange Commission (SEC). 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.