Gold.com Inc. (NYSE:GOLD – Get Free Report) shares were down 6.5% on Thursday following insider selling activity. The stock traded as low as $46.10 and last traded at $46.1160. 130,790 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 614,417 shares. The stock had previously closed at $49.33.
Specifically, COO Brian Aquilino sold 6,667 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $47.02, for a total transaction of $313,482.34. Following the completion of the sale, the chief operating officer directly owned 6,667 shares of the company’s stock, valued at approximately $313,482.34. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carol Meltzer sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $46.86, for a total value of $187,440.00. Following the sale, the executive vice president owned 1,500 shares of the company’s stock, valued at $70,290. This represents a 72.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.
Analysts Set New Price Targets
Several research analysts recently commented on GOLD shares. Northland Securities set a $55.00 price target on Gold.com in a research note on Thursday, September 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. Zacks Research lowered Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. 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 note on Thursday, September 3rd. Finally, DA Davidson reissued a “buy” rating and set a $60.00 price target on shares of Gold.com in a research report on Thursday, September 3rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.
Gold.com Price Performance
The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. The company has a 50 day simple moving average of $42.87 and a 200-day simple moving average of $44.20. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 15.79 and a beta of 0.56.
Gold.com (NYSE:GOLD – Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 18.15%. During the same quarter last year, the firm posted $0.41 earnings per share. As a group, research analysts anticipate that Gold.com Inc. will post 3.73 EPS for the current fiscal year.
Gold.com Announces Dividend
The business also recently declared a special dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 16th. Gold.com’s dividend payout ratio is presently 27.40%.
Institutional Investors Weigh In On Gold.com
Several large investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC bought a new stake in Gold.com in the 4th quarter valued at about $41,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Gold.com in the fourth quarter worth $42,000. CANADA LIFE ASSURANCE Co acquired a new position in shares of Gold.com during the fourth quarter valued at $76,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Gold.com during the fourth quarter valued at about $182,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Gold.com in the second quarter worth about $225,000. 62.85% of the stock is owned by institutional investors and hedge funds.
About Gold.com
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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