Gold.com (NYSE:GOLD) Stock Gets Downgrade from Wall Street Zen

Gold.com (NYSE:GOLD) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

Other research analysts have also recently issued reports about the company. Canaccord Genuity Group reduced their target price on 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 reiterated a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. DA Davidson reaffirmed a “buy” rating and set a $60.00 price target on shares of Gold.com in a research note on Thursday, September 3rd. Finally, Northland Securities set a $55.00 price objective on Gold.com in a research note on Thursday, September 3rd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Gold.com Price Performance

Gold.com stock opened at $37.98 on Friday. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 13.01 and a beta of 0.63. The firm’s fifty day moving average price is $42.86 and its 200 day moving average price is $44.71. Gold.com has a 12-month low of $23.00 and a 12-month high of $66.70.

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). 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 during the quarter, compared to analyst estimates of $5.67 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. Analysts forecast that Gold.com will post 3.73 earnings per share for the current fiscal year.

Insider Transactions at Gold.com

In other news, major shareholder Tether Global Investments Fund purchased 27,633 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The shares were bought at an average cost of $39.39 per share, for a total transaction of $1,088,463.87. Following the acquisition, the insider owned 500,000 shares of the company’s stock, valued at approximately $19,695,000. This trade represents a 5.85% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey D. Benjamin sold 18,048 shares of the business’s stock in a transaction dated 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 owned 261,546 shares of the company’s stock, valued at $11,638,797. This represents a 6.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have acquired 300,000 shares of company stock valued at $11,840,113 and have sold 124,859 shares valued at $5,835,628. 16.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. State of Wyoming purchased a new stake in shares of Gold.com in the 3rd quarter valued at approximately $780,000. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Gold.com by 76.3% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 966 shares of the company’s stock worth $41,000 after buying an additional 418 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Gold.com by 77.5% during the 3rd quarter. Evergreen Capital Management LLC now owns 34,059 shares of the company’s stock worth $1,450,000 after purchasing an additional 14,872 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in Gold.com in the third quarter valued at approximately $43,000. Finally, Inspire Investing LLC acquired a new stake in shares of Gold.com in the third quarter worth $2,260,000. 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.