Gold.com (NYSE:GOLD) Major Shareholder Tether Global Investments Fund Purchases 1,030 Shares of Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund purchased 1,030 shares of the business’s stock in a transaction on Wednesday, October 7th. The shares were bought at an average cost of $39.96 per share, for a total transaction of $41,158.80. Following the completion of the transaction, the insider directly owned 301,030 shares in the company, valued at $12,029,158.80. This trade represents a 0.34% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Tether Global Investments Fund also recently made the following trade(s):

• On Monday, October 12th, Tether Global Investments Fund acquired 31,088 shares of Gold.com stock. The shares were bought at an average price of $39.87 per share, with a total value of $1,239,478.56.
• On Thursday, September 3rd, Tether Global Investments Fund acquired 100,000 shares of Gold.com stock. The shares were bought at an average price of $39.30 per share, with a total value of $3,930,000.00.

Gold.com Stock Up 0.9%

Shares of GOLD stock opened at $40.08 on Wednesday. The stock has a market cap of $1.17 billion, a PE ratio of 7.95 and a beta of 0.71. The business has a 50-day simple moving average of $44.25 and a 200-day simple moving average of $42.95. Gold.com Inc. has a 52-week low of $23.00 and a 52-week high of $66.70.

Gold.com (NYSE:GOLD) last issued its earnings results on Wednesday, September 2nd. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). The company had revenue of $5.01 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $0.41 EPS. Sell-side analysts anticipate that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.

Gold.com Announces Dividend

The business also recently declared a special dividend, which was paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. Gold.com’s payout ratio is presently 27.40%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GOLD shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th. Wall Street Zen raised shares of Gold.com from a “sell” rating to a “hold” rating in a report on Saturday. Northland Securities set a $55.00 target price on shares of Gold.com in a research note on Thursday, September 3rd. Canaccord Genuity Group decreased their target price on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Finally, Zacks Research downgraded shares of Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $58.00.

Hedge Funds Weigh In On Gold.com

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in Gold.com by 127.9% during the third quarter. GAMMA Investing LLC now owns 661 shares of the company’s stock valued at $28,000 after purchasing an additional 371 shares in the last quarter. SkyView Investment Advisors LLC acquired a new stake in shares of Gold.com in the second quarter valued at about $125,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Gold.com in the fourth quarter valued at about $129,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Gold.com in the second quarter valued at about $225,000. Finally, Arizona State Retirement System increased its stake 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 purchasing an additional 359 shares in the last quarter. Hedge funds and other 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.