120,668 Shares in Gold.com Inc. $GOLD Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new stake in Gold.com Inc. (NYSE:GOLD) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 120,668 shares of the company’s stock, valued at approximately $4,836,000.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. bought a new position in shares of Gold.com in the fourth quarter valued at approximately $32,408,000. Jacobs Asset Management LLC acquired a new position in shares of Gold.com during the fourth quarter valued at approximately $10,215,000. Bard Associates Inc. bought a new stake in Gold.com during the fourth quarter worth approximately $3,078,000. Gamco Investors INC. ET AL bought a new stake in Gold.com during the fourth quarter worth approximately $1,083,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Gold.com during the first quarter worth approximately $2,618,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Gold.com Stock Down 3.1%

NYSE GOLD opened at $41.99 on Friday. Gold.com Inc. has a 12 month low of $21.60 and a 12 month high of $66.70. The company has a market capitalization of $1.22 billion, a P/E ratio of 14.38 and a beta of 0.54. The company’s 50 day simple moving average is $41.30 and its 200 day simple moving average is $45.57. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29.

Gold.com (NYSE:GOLD) last issued its earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $1.62. The firm had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. Equities research analysts expect that Gold.com Inc. will post 5.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Gold.com

In other news, CEO Gregory N. Roberts sold 40,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $41.58, for a total transaction of $1,663,200.00. Following the completion of the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at $1,172,639.16. This trade represents a 58.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Tether Global Investments Fund bought 58,536 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average price of $43.11 per share, for a total transaction of $2,523,486.96. Following the completion of the acquisition, the insider directly owned 200,000 shares in the company, valued at approximately $8,622,000. The trade was a 41.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 200,000 shares of company stock worth $8,242,055 in the last ninety days. 0.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings raised Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Canaccord Genuity Group began coverage on Gold.com in a research note on Tuesday, June 9th. They issued a “buy” rating and a $70.00 price objective on the stock. DA Davidson restated a “buy” rating and issued a $60.00 price objective on shares of Gold.com in a report on Tuesday, April 28th. Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, Roth Capital set a $52.00 target price on Gold.com in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.75.

Gold.com Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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 various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.