Wells Fargo & Company Cuts LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Price Target to $15.50

LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) had its target price trimmed by Wells Fargo & Company from $16.50 to $15.50 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. began coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They set an “overweight” rating and a $16.00 target price for the company. Royal Bank Of Canada began coverage on LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set an “outperform” rating and a $17.00 price objective for the company. Citizens Jmp initiated coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They issued an “outperform” rating and a $20.00 target price on the stock. Keefe, Bruyette & Woods initiated coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set an “outperform” rating and a $16.50 price target for the company. Finally, KeyCorp assumed coverage on shares of LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They issued a “sector weight” rating on the stock.

LifeGoal Wealth Builder ETF Price Performance

Shares of WLTH stock opened at $10.15 on Tuesday. The company has a market capitalization of $1.48 billion, a PE ratio of 15.46 and a beta of 0.67. The firm’s 50-day moving average is $10.62 and its two-hundred day moving average is $9.12. LifeGoal Wealth Builder ETF has a 12 month low of $9.70 and a 12 month high of $14.88.

Insider Activity

In related news, Director Kenneth A. Goldman sold 5,373 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $14.00, for a total transaction of $75,222.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Fortunato sold 95,416 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $14.00, for a total value of $1,335,824.00. Following the completion of the transaction, the chief executive officer directly owned 153,503 shares in the company, valued at $2,149,042. This trade represents a 38.33% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,101,965 shares of company stock valued at $15,427,510.

LifeGoal Wealth Builder ETF Company Profile

The LifeGoal Wealth Builder ETF (WLTH) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that allocates to equities, debt securities and commodity-linked instruments. The fund seeks long-term capital growth. WLTH was launched on Sep 9, 2021 and is managed by LifeGoal.