Gold.com (NYSE:GOLD) Stock: Insider Tether Global Investments Fund Purchases 31,088 Shares

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund bought 31,088 shares of Gold.com stock in a transaction that occurred on Monday, October 12th. The shares were acquired at an average cost of $39.87 per share, with a total value of $1,239,478.56. Following the acquisition, the insider owned 332,118 shares of the company’s stock, valued at $13,241,544.66. The trade was a 10.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, October 7th, Tether Global Investments Fund bought 1,030 shares of Gold.com stock. The shares were acquired at an average price of $39.96 per share, with a total value of $41,158.80.
• On Thursday, September 3rd, Tether Global Investments Fund bought 100,000 shares of Gold.com stock. The shares were acquired at an average price of $39.30 per share, with a total value of $3,930,000.00.

Gold.com Stock Performance

NYSE:GOLD opened at $38.59 on Thursday. Gold.com Inc. has a one year low of $23.00 and a one year high of $66.70. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 8.04 and a beta of 0.71. The firm’s fifty day moving average is $44.15 and its two-hundred day moving average is $42.94.

Gold.com (NYSE:GOLD) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.55). The company had revenue of $5.01 billion for the quarter, compared to analyst estimates 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 earnings per share. As a group, equities research analysts predict that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.

Gold.com Dividend Announcement

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

Analyst Ratings Changes

GOLD has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. Wall Street Zen upgraded Gold.com from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. Canaccord Genuity Group decreased their price target on Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. DA Davidson restated a “buy” rating and issued a $60.00 price objective on shares of Gold.com in a research report on Thursday, September 3rd. Finally, Northland Securities set a $55.00 price objective on Gold.com in a research 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 company’s stock. Based on data from MarketBeat, Gold.com has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Institutional Investors Weigh In On Gold.com

Several hedge funds have recently modified their holdings of GOLD. Empowered Funds LLC boosted its position in Gold.com by 42.5% during the first quarter. Empowered Funds LLC now owns 277,029 shares of the company’s stock worth $11,103,000 after purchasing an additional 82,637 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Gold.com in the fourth quarter valued at approximately $6,185,000. Bank of New York Mellon Corp purchased a new stake in shares of Gold.com in the second quarter valued at approximately $7,143,000. Counterpoint Mutual Funds LLC increased its position in shares of Gold.com by 740.1% in the first quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company’s stock valued at $5,000,000 after buying an additional 109,910 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Gold.com in the first quarter valued at approximately $4,836,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

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.