LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Stock Price Down 6.1% – Should You Sell?

LifeGoal Wealth Builder ETF (NYSEARCA:WLTH)’s share price fell 6.1% during trading on Wednesday . The stock traded as low as $8.32 and last traded at $8.37. 741,219 shares changed hands during trading, a decline of 49% from the average session volume of 1,458,824 shares. The stock had previously closed at $8.91.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WLTH shares. JPMorgan Chase & Co. started coverage on LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They issued an “overweight” rating and a $16.00 target price for the company. Citizens Jmp assumed coverage on LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They issued an “outperform” rating and a $20.00 price objective on the stock. KeyCorp initiated coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They issued a “sector weight” rating for the company. The Goldman Sachs Group assumed coverage on LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set a “neutral” rating and a $14.50 target price for the company. Finally, Keefe, Bruyette & Woods initiated coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They issued an “outperform” rating and a $16.50 price target on the stock.

LifeGoal Wealth Builder ETF Stock Down 4.3%

The stock has a market cap of $1.28 billion, a P/E ratio of 15.46 and a beta of 0.67. The business’s 50-day simple moving average is $9.54 and its two-hundred day simple moving average is $9.21.

Insider Buying and Selling at LifeGoal Wealth Builder ETF

In related news, insider Lauren Lin sold 30,229 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $14.00, for a total value of $423,206.00. Following the completion of the transaction, the insider directly owned 95,279 shares of the company’s stock, valued at approximately $1,333,906. This trade represents a 24.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth A. Goldman sold 38,071 shares of LifeGoal Wealth Builder ETF stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $14.00, for a total transaction of $532,994.00. Following the completion of the transaction, the director owned 42,648 shares of the company’s stock, valued at $597,072. This represents a 47.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,101,965 shares of company stock valued at $15,427,510 in the last quarter.

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.