Gold.com (NYSE:GOLD) CEO Gregory Roberts Sells 30,000 Shares

Gold.com Inc. (NYSE:GOLD) CEO Gregory Roberts sold 30,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $42.00, for a total transaction of $1,260,000.00. Following the sale, the chief executive officer owned 28,202 shares in the company, valued at approximately $1,184,484. This represents a 51.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Gold.com Stock Performance

GOLD stock opened at $41.34 on Thursday. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 14.16 and a beta of 0.55. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average price is $45.51. Gold.com Inc. has a one year low of $19.39 and a one year high of $66.70.

Gold.com (NYSE:GOLD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $1.62. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $4.81 billion. Research analysts predict that Gold.com Inc. will post 5.31 earnings per share for the current fiscal year.

Gold.com announced that its Board of Directors has initiated a stock buyback plan on Wednesday, April 8th that authorizes the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Gold.com Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th will be given a $0.20 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. Gold.com’s dividend payout ratio (DPR) is 27.40%.

Hedge Funds Weigh In On Gold.com

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP purchased a new position in shares of Gold.com in the fourth quarter worth about $40,273,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Gold.com in the fourth quarter worth about $32,408,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Gold.com in the fourth quarter worth about $17,971,000. Geode Capital Management LLC purchased a new position in shares of Gold.com in the fourth quarter worth about $15,790,000. Finally, State Street Corp purchased a new position in shares of Gold.com in the fourth quarter worth about $15,019,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GOLD shares. DA Davidson reiterated a “buy” rating and issued a $60.00 target price on shares of Gold.com in a research report on Tuesday, April 28th. Zacks Research lowered shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings upgraded shares of Gold.com from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Northland Securities upgraded shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research report on Friday, February 6th. Finally, Roth Mkm set a $52.00 target price on shares of Gold.com in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $56.33.

Gold.com Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.