Wells Fargo & Company Initiates Coverage on LifeGoal Wealth Builder ETF (NYSEARCA:WLTH)

Investment analysts at Wells Fargo & Company assumed coverage on shares of LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) in a research report issued on Tuesday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $16.50 price target on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 22.22% from the stock’s previous close.

Separately, Citizens Jmp initiated coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday. They issued an “outperform” rating and a $20.00 price objective for the company.

LifeGoal Wealth Builder ETF Stock Down 0.8%

NYSEARCA:WLTH opened at $13.50 on Tuesday. The stock has a fifty day simple moving average of $10.23 and a 200 day simple moving average of $8.99. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.46 and a beta of 0.67. LifeGoal Wealth Builder ETF has a 1-year low of $11.95 and a 1-year high of $14.88.

Insiders Place Their Bets

In other LifeGoal Wealth Builder ETF news, Director Kenneth A. Goldman sold 38,071 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $14.00, for a total value of $532,994.00. Following the transaction, the director owned 42,648 shares of the company’s stock, valued at approximately $597,072. The trade was a 47.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lauren Lin sold 30,229 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $14.00, for a total transaction of $423,206.00. Following the completion of the sale, the insider 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 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.