Gold.com Inc. (NYSE:GOLD) Stock Rated “Moderate Buy” by Sell-Side Analysts

Gold.com Inc. (NYSE:GOLD) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $58.00.

Several brokerages have commented on GOLD. Canaccord Genuity Group decreased their price objective 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. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of 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. Northland Securities set a $55.00 target price on Gold.com in a research note on Thursday, September 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th.

Gold.com Stock Up 0.0%

Shares of Gold.com stock opened at $39.37 on Monday. The company has a 50 day moving average price of $44.02 and a 200 day moving average price of $42.95. The firm has a market capitalization of $1.15 billion, a P/E ratio of 13.48 and a beta of 0.71. Gold.com has a 52 week low of $23.00 and a 52 week high of $66.70.

Gold.com (NYSE:GOLD) last posted its quarterly 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 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 period in the prior year, the business posted $0.41 EPS. As a group, research analysts anticipate that Gold.com will post 3.73 earnings per share for the current fiscal year.

Gold.com Dividend Announcement

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

Insider Buying and Selling at Gold.com

In other news, Director Jeffrey Benjamin sold 18,048 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $44.50, for a total transaction of $803,136.00. Following the completion of the transaction, the director directly owned 261,546 shares of the company’s stock, valued at $11,638,797. This represents a 6.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Tether Global Investments Fund bought 25,200 shares of Gold.com stock in a transaction dated Wednesday, October 14th. The shares were acquired at an average cost of $39.63 per share, with a total value of $998,676.00. Following the completion of the purchase, the insider owned 400,000 shares in the company, valued at approximately $15,852,000. This trade represents a 6.72% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 200,000 shares of company stock valued at $7,913,179 and have sold 124,859 shares valued at $5,835,628. 16.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gold.com

A number of large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in Gold.com by 127.9% during the third quarter. GAMMA Investing LLC now owns 661 shares of the company’s stock worth $28,000 after purchasing an additional 371 shares during the period. SkyView Investment Advisors LLC purchased a new stake in shares of Gold.com in the 2nd quarter valued at approximately $125,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Gold.com in the 4th quarter valued at $129,000. Integrated Wealth Concepts LLC purchased a new stake in Gold.com in the 2nd quarter valued at about $225,000. Finally, Arizona State Retirement System raised its holdings in Gold.com by 7.1% in the 2nd quarter. Arizona State Retirement System now owns 5,435 shares of the company’s stock valued at $226,000 after buying an additional 359 shares during the period. 62.85% of the stock is currently owned by institutional investors and hedge funds.

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.