Gold.com (NYSE:GOLD) Major Shareholder Acquires 31,088 Shares of Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund purchased 31,088 shares of the business’s stock in a transaction on Monday, October 12th. The shares were bought at an average cost of $39.87 per share, for a total transaction of $1,239,478.56. Following the purchase, the insider owned 332,118 shares of the company’s stock, valued at $13,241,544.66. This trade represents a 10.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares 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 purchased 1,030 shares of Gold.com stock. The shares were purchased at an average cost of $39.96 per share, with a total value of $41,158.80.
• On Thursday, September 3rd, Tether Global Investments Fund purchased 100,000 shares of Gold.com stock. The shares were purchased at an average cost of $39.30 per share, with a total value of $3,930,000.00.

Gold.com Stock Performance

GOLD traded up $0.17 on Tuesday, reaching $39.91. 128,584 shares of the company’s stock were exchanged, compared to its average volume of 604,857. Gold.com Inc. has a twelve month low of $23.00 and a twelve month high of $66.70. The company’s 50 day moving average is $44.30 and its 200-day moving average is $42.97. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 13.66 and a beta of 0.71.

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 analysts’ consensus estimates of $0.96 by ($0.55). Gold.com had a net margin of 0.32% and a return on equity of 17.22%. The business had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same period last year, the firm earned $0.41 earnings per share. Sell-side analysts forecast that Gold.com Inc. will post 3.73 EPS for the current year.

Gold.com Announces Dividend

The firm also recently declared a special dividend, which was paid on Monday, September 28th. Investors of record on Wednesday, September 16th were given 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 27.40%.

Wall Street Analyst Weigh In

Several research analysts have commented on GOLD shares. Zacks Research lowered Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. 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. Northland Securities set a $55.00 price target on Gold.com in a research note on Thursday, September 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of Gold.com in a research report on Thursday, September 3rd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Hedge Funds Weigh In On Gold.com

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in Gold.com by 127.9% in the third quarter. GAMMA Investing LLC now owns 661 shares of the company’s stock worth $28,000 after purchasing an additional 371 shares in the last quarter. SkyView Investment Advisors LLC bought a new stake in Gold.com in the second quarter valued at about $125,000. Caitong International Asset Management Co. Ltd acquired a new stake in Gold.com during the fourth quarter valued at approximately $129,000. Integrated Wealth Concepts LLC acquired a new stake in Gold.com during the second quarter valued at approximately $225,000. Finally, Arizona State Retirement System lifted its holdings in Gold.com by 7.1% during the 2nd quarter. Arizona State Retirement System now owns 5,435 shares of the company’s stock worth $226,000 after buying an additional 359 shares during the last quarter. 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.