Gold.com (NYSE:GOLD) CEO Sells $702,900.00 in Stock

Gold.com Inc. (NYSE:GOLD) CEO Gregory Roberts sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $46.86, for a total value of $702,900.00. Following the completion of the transaction, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at $1,321,545.72. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Gold.com Trading Up 4.9%

Gold.com stock opened at $48.13 on Friday. The firm has a market cap of $1.40 billion, a PE ratio of 16.48 and a beta of 0.56. Gold.com Inc. has a 12 month low of $23.00 and a 12 month high of $66.70. The stock’s 50 day simple moving average is $42.99 and its two-hundred day simple moving average is $44.14. 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) last posted its earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.55). Gold.com had a net margin of 0.32% and a return on equity of 18.15%. The firm had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $5.67 billion. During the same period last year, the firm earned $0.41 earnings per share. Analysts anticipate 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. Investors 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 (DPR) is currently 27.40%.

Hedge Funds Weigh In On Gold.com

Large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. purchased a new stake in shares of Gold.com during the fourth quarter worth about $32,408,000. Jacobs Asset Management LLC purchased a new position in Gold.com in the 4th quarter valued at about $10,215,000. Bard Associates Inc. acquired a new stake in Gold.com in the 4th quarter worth about $3,078,000. Gamco Investors INC. ET AL acquired a new stake in Gold.com in the 4th quarter worth about $1,083,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Gold.com in the 1st quarter worth about $2,618,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOLD has been the subject of a number of analyst reports. Northland Securities set a $55.00 price objective on shares of Gold.com in a research report on Thursday, September 3rd. DA Davidson restated a “buy” rating and issued a $60.00 price target on shares of Gold.com in a research note on Thursday, September 3rd. Canaccord Genuity Group reduced their price target on Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.00.

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.