Gold.com (NYSE:GOLD) CEO Sells 15,000 Shares of Stock

Gold.com Inc. (NYSE:GOLD) CEO Gregory Roberts sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $46.86, for a total value of $702,900.00. Following the completion of the sale, the chief executive officer owned 28,202 shares of the company’s stock, valued at $1,321,545.72. The trade was a 34.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Gold.com Trading Down 8.9%

Shares of Gold.com stock traded down $4.40 on Thursday, hitting $44.93. The stock had a trading volume of 371,845 shares, compared to its average volume of 615,814. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. Gold.com Inc. has a one year low of $23.00 and a one year high of $66.70. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 15.44 and a beta of 0.56. The stock’s 50-day simple moving average is $42.87 and its two-hundred day simple moving average is $44.20.

Gold.com (NYSE:GOLD) last issued its earnings results on Wednesday, September 2nd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.55). Gold.com had a return on equity of 18.15% and a net margin of 0.32%.The firm had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.67 billion. During the same period in the previous year, the firm earned $0.41 earnings per share. As a group, sell-side analysts predict that Gold.com Inc. will post 3.73 EPS for the current year.

Gold.com Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, September 16th. Gold.com’s dividend payout ratio (DPR) is 27.40%.

Key Stories Impacting Gold.com

Here are the key news stories impacting Gold.com this week:

• Positive Sentiment: Major shareholder increased its stake: Tether Global Investments Fund bought 100,000 GOLD shares at an average price of $39.30, raising its holdings by 50% to 300,000 shares. The purchase may signal confidence from a significant investor. Tether Global Investments Fund Buys 100,000 Shares of Gold.com Stock
• Positive Sentiment: Special dividend provides shareholder support: Gold.com declared a $0.20-per-share special dividend payable September 28 to shareholders of record September 16. The ex-dividend date is September 16.
• Positive Sentiment: Analyst sentiment remains constructive: The stock has a consensus “Moderate Buy” rating and an average price target of $58. Canaccord Genuity, DA Davidson and Northland Securities maintain targets of $65, $60 and $55, respectively, although Canaccord recently reduced its target from $70.
• Neutral Sentiment: Gold-price exposure remains a double-edged factor: Gold.com’s wholesale, direct-to-consumer and secured-lending businesses can benefit from elevated precious-metals prices, but the company’s results and valuation may remain sensitive to commodity-price volatility.
• Negative Sentiment: Quarterly results missed expectations: Gold.com reported fiscal fourth-quarter EPS of $0.41, versus the $0.96 consensus estimate, while revenue of $5.01 billion trailed expectations of $5.67 billion. Revenue increased 99% year over year but declined 52% sequentially, and EPS, EBITDA and new-customer growth weakened from the prior quarter. Gold.com’s Q4 Results Show Why This Stock Is More Than a Gold Bet
• Negative Sentiment: Insider selling may weigh on confidence: COO Brian Aquilino sold 6,667 shares for approximately $313,482, reducing his position by 50%. EVP Carol Meltzer sold 4,000 shares for $187,440, cutting her holdings by 72.73%. The sales were disclosed in SEC filings. Gold.com EVP Carol Meltzer Sells 4,000 Shares

Analysts Set New Price Targets

Several brokerages have recently weighed in on GOLD. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Northland Securities set a $55.00 target price on Gold.com in a report on Thursday, September 3rd. Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Canaccord Genuity Group dropped their price target on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, September 3rd. Finally, DA Davidson reissued a “buy” rating and issued a $60.00 price target on shares of Gold.com in a report on Thursday, September 3rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Gold.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Hedge Funds Weigh In On Gold.com

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP purchased a new position in shares of Gold.com in the fourth quarter worth $40,273,000. California State Teachers Retirement System raised its holdings in Gold.com by 3,975.9% in the 2nd quarter. California State Teachers Retirement System now owns 1,183,264 shares of the company’s stock worth $49,236,000 after purchasing an additional 1,154,233 shares during the period. Charles Schwab Investment Management Inc. purchased a new position in shares of Gold.com during the 4th quarter valued at approximately $32,408,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Gold.com in the fourth quarter valued at about $17,971,000. Finally, Geode Capital Management LLC purchased a new stake in Gold.com during the 4th quarter worth approximately $15,790,000. Institutional investors own 62.85% of the company’s stock.

Gold.com Company Profile

Gold.com, Inc, together with its subsidiaries, operates as a precious metals company. It operates through 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 complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.