Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from $21.50 to $23.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 11.06% from the company’s current price.

Other analysts have also recently issued research reports about the company. Citizens Jmp lifted their price target on Ethos Technologies Inc. Class A Common Stock from $21.00 to $27.00 and gave the company a “market outperform” rating in a report on Thursday, May 7th. Wall Street Zen downgraded shares of Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Barclays increased their price target on shares of Ethos Technologies Inc. Class A Common Stock from $20.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Weiss Ratings cut shares of Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a research note on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Ethos Technologies Inc. Class A Common Stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.67.

Ethos Technologies Inc. Class A Common Stock Price Performance

NASDAQ LIFE traded up $0.62 during mid-day trading on Monday, reaching $20.71. 222,998 shares of the stock were exchanged, compared to its average volume of 518,430. The firm has a market capitalization of $1.30 billion and a PE ratio of -6.57. Ethos Technologies Inc. Class A Common Stock has a 1-year low of $9.45 and a 1-year high of $32.50. The firm’s fifty day simple moving average is $19.43.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last issued its quarterly earnings results on Tuesday, March 17th. The company reported $0.42 earnings per share for the quarter. The business had revenue of $110.08 million during the quarter.

Insider Buying and Selling

In related news, CFO Christopher M. Capozzi sold 80,586 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $22.13, for a total value of $1,783,368.18. Following the transaction, the chief financial officer owned 665,228 shares in the company, valued at approximately $14,721,495.64. The trade was a 10.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Brandt Walter Kucharski sold 5,823 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $22.06, for a total value of $128,455.38. Following the transaction, the chief accounting officer owned 183,430 shares of the company’s stock, valued at approximately $4,046,465.80. This trade represents a 3.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 340,345 shares of company stock worth $7,721,475 over the last quarter. Company insiders own 3.70% of the company’s stock.

About Ethos Technologies Inc. Class A Common Stock

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.