Gold.com Inc. (NYSE:GOLD – Get Free Report) major shareholder Tether Global Investments Fund acquired 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was bought at an average price of $39.30 per share, for a total transaction of $3,930,000.00. Following the completion of the transaction, the insider 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Gold.com Price Performance
Shares of NYSE:GOLD traded up $1.28 during trading on Tuesday, reaching $47.41. The company had a trading volume of 1,016,948 shares, compared to its average volume of 614,937. The company has a fifty day moving average of $42.62 and a two-hundred day moving average of $44.34. The stock has a market capitalization of $1.38 billion, a P/E ratio of 16.24 and a beta of 0.56. Gold.com Inc. has a 12 month low of $22.00 and a 12 month high of $66.70. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11.
Gold.com (NYSE:GOLD – Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.67 billion. Gold.com had a return on equity of 18.15% and a net margin of 0.32%.During the same period in the prior year, the firm posted $0.41 earnings per share. Equities research analysts forecast that Gold.com Inc. will post 3.73 earnings per share for the current year.
Gold.com Announces Dividend
Institutional Investors Weigh In On Gold.com
Several institutional investors have recently added to or reduced their stakes in GOLD. CWM LLC bought a new stake in Gold.com in the 4th quarter worth $35,000. Larson Financial Group LLC purchased a new stake in Gold.com in the fourth quarter worth about $41,000. Caitong International Asset Management Co. Ltd bought a new stake in Gold.com during the 4th quarter valued at approximately $42,000. New York State Teachers Retirement System purchased a new position in shares of Gold.com during the 4th quarter worth approximately $55,000. Finally, CANADA LIFE ASSURANCE Co purchased a new position in shares of Gold.com during the 4th quarter worth approximately $76,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have commented on GOLD. Northland Securities set a $55.00 price target on shares of Gold.com in a research report on Thursday, September 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Zacks Research downgraded shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. DA Davidson restated a “buy” rating and set a $60.00 price target on shares of Gold.com in a research report on Thursday, September 3rd. Finally, Canaccord Genuity Group decreased their price objective on Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.00.
View Our Latest Research Report on Gold.com
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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