Insider Selling: Gold.com (NYSE:GOLD) Director Sells $803,136.00 in Stock

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 18,048 shares of Gold.com stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $44.50, for a total value of $803,136.00. Following the sale, the director directly owned 261,546 shares of the company’s stock, valued at approximately $11,638,797. This trade represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Gold.com Trading Down 0.0%

NYSE:GOLD opened at $43.48 on Friday. Gold.com Inc. has a 1-year low of $23.00 and a 1-year high of $66.70. The business’s 50-day moving average price is $43.89 and its two-hundred day moving average price is $43.38. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 14.89 and a beta of 0.56.

Gold.com (NYSE:GOLD) last issued its earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.67 billion. Gold.com had a return on equity of 17.22% and a net margin of 0.32%.During the same quarter last year, the business posted $0.41 EPS. Sell-side analysts predict that Gold.com Inc. will post 3.73 earnings per share for the current year.

Gold.com Announces Dividend

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

Institutional Trading of Gold.com

Hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System raised its holdings in shares of Gold.com by 7.1% during the second quarter. Arizona State Retirement System now owns 5,435 shares of the company’s stock worth $226,000 after acquiring an additional 359 shares during the period. Swiss National Bank boosted its stake in Gold.com by 1.4% in the 1st quarter. Swiss National Bank now owns 36,500 shares of the company’s stock worth $1,463,000 after purchasing an additional 500 shares during the period. WINTON GROUP Ltd increased its holdings in Gold.com by 7.6% during the 2nd quarter. WINTON GROUP Ltd now owns 9,900 shares of the company’s stock worth $412,000 after purchasing an additional 700 shares in the last quarter. Larson Financial Group LLC bought a new position in Gold.com during the 4th quarter worth about $41,000. Finally, Hsbc Holdings PLC increased its holdings in Gold.com by 16.9% during the 1st quarter. Hsbc Holdings PLC now owns 9,593 shares of the company’s stock worth $384,000 after purchasing an additional 1,390 shares in the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GOLD. Wall Street Zen cut shares of Gold.com from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. DA Davidson reiterated a “buy” rating and issued a $60.00 target price on shares of Gold.com in a report on Thursday, September 3rd. Canaccord Genuity Group reduced their price target on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Zacks Research lowered shares of Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Northland Securities set a $55.00 target price on Gold.com in a report on Thursday, September 3rd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

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.