Gold.com Inc. (NYSE:GOLD – Get Free Report) was down 5.7% during trading on Friday following insider selling activity. The company traded as low as $44.60 and last traded at $44.2080. Approximately 106,834 shares changed hands during trading, a decline of 83% from the average daily volume of 614,510 shares. The stock had previously closed at $46.87.
Specifically, Director Jeffrey Benjamin sold 3,652 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $47.07, for a total transaction of $171,899.64. Following the completion of the transaction, the director directly owned 300,613 shares of the company’s stock, valued at approximately $14,149,853.91. This trade represents a 1.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeffrey Benjamin sold 18,973 shares of Gold.com stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $47.82, for a total transaction of $907,288.86. Following the sale, the director owned 304,265 shares of the company’s stock, valued at approximately $14,549,952.30. The trade was a 5.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In other news, Director Moorhead John sold 1,000 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $47.34, for a total value of $47,340.00. Following the sale, the director owned 27,756 shares in the company, valued at $1,313,969.04. This represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on GOLD shares. DA Davidson restated a “buy” rating and set a $60.00 target price on shares of Gold.com in a research report on Thursday, September 3rd. Zacks Research downgraded Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Canaccord Genuity Group decreased their price objective 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 target price on Gold.com in a research note on Thursday, September 3rd. Finally, Wall Street Zen lowered Gold.com from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.00.
Gold.com Price Performance
The company’s 50 day moving average price is $43.36 and its two-hundred day moving average price is $43.78. The stock has a market capitalization of $1.30 billion, a PE ratio of 15.28 and a beta of 0.56.
Gold.com (NYSE:GOLD – Get Free Report) last released 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 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 company posted $0.41 earnings per share. Analysts forecast that Gold.com Inc. will post 3.73 earnings per share for the current year.
Gold.com Announces Dividend
The company also recently declared a special dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 16th. Gold.com’s dividend payout ratio is 27.40%.
Institutional Investors Weigh In On Gold.com
Several institutional investors and hedge funds have recently modified their holdings of GOLD. SkyView Investment Advisors LLC acquired a new position in shares of Gold.com in the second quarter valued at approximately $125,000. WINTON GROUP Ltd grew its position in shares of Gold.com by 7.6% during the second quarter. WINTON GROUP Ltd now owns 9,900 shares of the company’s stock worth $412,000 after acquiring an additional 700 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Gold.com during the 2nd quarter worth approximately $225,000. Squarepoint Ops LLC purchased a new stake in shares of Gold.com in the second quarter valued at approximately $387,000. Finally, Arizona State Retirement System raised its holdings in Gold.com by 7.1% during the second quarter. Arizona State Retirement System now owns 5,435 shares of the company’s stock worth $226,000 after purchasing an additional 359 shares during the last quarter. Hedge funds and other 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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