LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Hits New 52-Week Low After Analyst Downgrade

LifeGoal Wealth Builder ETF (NYSEARCA:WLTH)’s stock price hit a new 52-week low during mid-day trading on Tuesday after Wells Fargo & Company lowered their price target on the stock from $16.50 to $15.50. Wells Fargo & Company currently has an overweight rating on the stock. LifeGoal Wealth Builder ETF traded as low as $9.70 and last traded at $10.83, with a volume of 1738564 shares changing hands. The stock had previously closed at $12.59.

WLTH has been the topic of several other research reports. The Goldman Sachs Group began coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They set a “neutral” rating and a $14.50 target price on the stock. Royal Bank Of Canada initiated coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They issued an “outperform” rating and a $17.00 target price for the company. Citizens Jmp initiated coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set an “outperform” rating and a $20.00 price target on the stock. KeyCorp initiated coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They issued a “sector weight” rating for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They set an “overweight” rating and a $16.00 price objective on the stock.

Insider Buying and Selling

In other news, Director Kenneth A. Goldman sold 5,373 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $14.00, for a total transaction of $75,222.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lauren Lin sold 30,229 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $14.00, for a total value of $423,206.00. Following the sale, the insider directly owned 95,279 shares of the company’s stock, valued at $1,333,906. The trade was a 24.09% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,101,965 shares of company stock worth $15,427,510.

LifeGoal Wealth Builder ETF Stock Down 14.4%

The firm has a fifty day moving average price of $10.50 and a 200 day moving average price of $9.09. The company has a market cap of $1.58 billion, a P/E ratio of 15.46 and a beta of 0.67.

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.