Insider Selling: Gold.com (NYSE:GOLD) Director Sells $319,711.08 in Stock

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 7,067 shares of the business’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $45.24, for a total value of $319,711.08. Following the completion of the transaction, the director directly owned 293,546 shares in the company, valued at approximately $13,280,021.04. This represents a 2.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Gold.com Stock Down 0.0%

Shares of GOLD stock opened at $43.48 on Friday. The stock has a 50-day moving average price of $43.89 and a 200 day moving average price of $43.38. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 14.89 and a beta of 0.56. Gold.com Inc. has a 12 month low of $23.00 and a 12 month high of $66.70.

Gold.com (NYSE:GOLD) last announced its quarterly 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 the consensus estimate of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 17.22%. During the same period last year, the company earned $0.41 earnings per share. Sell-side analysts predict that Gold.com Inc. will post 3.73 earnings per share for the current fiscal 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 issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 16th. Gold.com’s dividend payout ratio (DPR) is presently 27.40%.

Hedge Funds Weigh In On Gold.com

Several institutional investors and hedge funds have recently modified their holdings of GOLD. Jacobs Asset Management LLC bought a new stake in Gold.com during the fourth quarter worth about $10,215,000. CenterBook Partners LP bought a new position in Gold.com in the 4th quarter valued at about $9,171,000. Pacer Advisors Inc. acquired a new position in shares of Gold.com in the 4th quarter valued at approximately $6,185,000. Bank of New York Mellon Corp acquired a new position in shares of Gold.com in the 2nd quarter valued at approximately $7,143,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Gold.com during the 1st quarter worth approximately $4,836,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. 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 report on Thursday, September 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th. Northland Securities set a $55.00 price objective on Gold.com in a report on Thursday, September 3rd. Wall Street Zen downgraded Gold.com from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th. Finally, DA Davidson reiterated a “buy” rating and set a $60.00 target price on shares of Gold.com in a report on Thursday, September 3rd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.