JPMorgan Chase & Co. Downgrades Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) to Neutral

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 Ratings reports. They currently have a $37.00 price target on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 14.59% from the company’s previous close.

LIFE has been the subject of several other research reports. 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 research report on Thursday, September 24th. Robert W. Baird boosted their price objective on 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. William Blair set a $33.00 price objective on Ethos Technologies Inc. Class A Common Stock in a research report on Tuesday, August 4th. Barclays upped their price target on Ethos Technologies Inc. Class A Common Stock from $27.00 to $37.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Ethos Technologies Inc. Class A Common Stock in a report on Friday, August 21st. Six investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.75.

Ethos Technologies Inc. Class A Common Stock Price Performance

Shares of NASDAQ LIFE traded down $1.28 during trading hours on Thursday, hitting $32.29. 1,810,722 shares of the company’s stock were exchanged, compared to its average volume of 822,216. 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 $2.06 billion and a PE ratio of -11.33. The firm has a 50-day moving average of $33.23.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last posted 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 revenue was up 113.5% on a year-over-year basis. On average, research analysts predict that Ethos Technologies Inc. Class A Common Stock will post -2.04 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Brandt Walter Kucharski sold 8,735 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was 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 in the company, valued at $2,975,810.56. This represents a 8.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Lingke Wang sold 118,333 shares of the stock in a transaction that occurred 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 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,093,107 shares of company stock valued at $31,271,566 in the last 90 days. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

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 stake in Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) during the second quarter, according to its most recent filing with the SEC. The firm acquired 341,279 shares of the company’s stock, valued at approximately $6,191,000. The Manufacturers Life Insurance Company owned about 0.54% of Ethos Technologies Inc. Class A Common Stock as of its most recent filing with the SEC. 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.