Insider Selling: Gold.com (NYSE:GOLD) CEO Sells 15,000 Shares

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

Gold.com Price Performance

NYSE:GOLD traded down $4.40 during trading hours on Thursday, hitting $44.93. 371,845 shares of the company’s stock traded hands, compared to its average volume of 615,814. The firm has a market cap of $1.30 billion, a P/E ratio of 15.44 and a beta of 0.56. Gold.com Inc. has a 52 week low of $23.00 and a 52 week high of $66.70. The business’s fifty day simple moving average is $42.87 and its two-hundred day simple moving average is $44.20. 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 (NYSE:GOLD) last posted 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). The business had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Gold.com had a return on equity of 18.15% and a net margin of 0.32%.During the same quarter in the previous year, the firm earned $0.41 earnings per share. On average, research analysts anticipate that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.

Gold.com Announces Dividend

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

Institutional Investors Weigh In On Gold.com

A number of hedge funds have recently made changes to their positions in the business. Arizona State Retirement System boosted its stake in shares of 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 purchasing an additional 359 shares in the last quarter. Swiss National Bank grew its stake in shares of Gold.com by 1.4% during the first quarter. Swiss National Bank now owns 36,500 shares of the company’s stock valued at $1,463,000 after buying an additional 500 shares during the last quarter. WINTON GROUP Ltd increased its holdings in shares of Gold.com by 7.6% in the second quarter. WINTON GROUP Ltd now owns 9,900 shares of the company’s stock worth $412,000 after buying an additional 700 shares during the period. Larson Financial Group LLC purchased a new position in shares of Gold.com in the fourth quarter worth about $41,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Gold.com in the 4th quarter valued at about $42,000. 62.85% of the stock is currently owned by institutional investors.

Gold.com News Summary

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

Wall Street Analyst Weigh In

GOLD has been the topic of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of Gold.com in a research note on Thursday, September 3rd. Zacks Research lowered shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th. Canaccord Genuity Group lowered their price target on Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Finally, Northland Securities set a $55.00 price objective on Gold.com in a report on Thursday, September 3rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

About Gold.com

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.