Wall Street Zen downgraded shares of Gold.com (NYSE:GOLD – Free Report) from a hold rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.
Several other research firms have also commented on GOLD. Canaccord Genuity Group lowered their target price on Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. Northland Securities set a $55.00 price objective on shares of Gold.com in a report on Thursday, September 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th. Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, DA Davidson reaffirmed a “buy” rating and set a $60.00 price objective on shares of Gold.com in a research note on Thursday, September 3rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.
Check Out Our Latest Stock Report on GOLD
Gold.com Price Performance
Gold.com (NYSE:GOLD – Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). Gold.com had a return on equity of 17.22% and a net margin of 0.32%.The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, research analysts anticipate that Gold.com will post 3.73 earnings per share for the current year.
Gold.com Announces Dividend
The firm also recently declared 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 is Wednesday, September 16th. Gold.com’s payout ratio is 27.40%.
Insider Activity at Gold.com
In other Gold.com news, COO Brian Aquilino sold 6,667 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $47.02, for a total transaction of $313,482.34. Following the completion of the transaction, the chief operating officer directly owned 6,667 shares in the company, valued at $313,482.34. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Tether Global Investments Fund bought 100,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was purchased at an average price of $39.30 per share, with a total value of $3,930,000.00. Following the purchase, the insider directly owned 300,000 shares of the company’s stock, valued at $11,790,000. The trade was a 50.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 60,667 shares of company stock worth $2,896,122 in the last three months. Corporate insiders own 23.10% of the company’s stock.
Institutional Trading of Gold.com
Several large investors have recently made changes to their positions in GOLD. Larson Financial Group LLC bought a new position in shares of Gold.com in the fourth quarter valued at about $41,000. Caitong International Asset Management Co. Ltd bought a new stake in Gold.com during the 4th quarter worth about $129,000. FourThought Financial Partners LLC acquired a new stake in Gold.com in the 4th quarter valued at about $205,000. Bailard Inc. bought a new position in shares of Gold.com in the fourth quarter worth about $211,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Gold.com in the second quarter worth about $225,000. 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.
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