Gold.com (NYSE:GOLD) Rating Lowered to Sell at Wall Street Zen

Gold.com (NYSE:GOLD) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

Other equities analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. DA Davidson reaffirmed a “buy” rating and set a $60.00 target price on shares of Gold.com in a research report on Thursday, September 3rd. Canaccord Genuity Group lowered their target price on Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, September 3rd. Finally, Northland Securities set a $55.00 price target on Gold.com in a research report on Thursday, September 3rd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Gold.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Gold.com Trading Down 0.2%

NYSE:GOLD opened at $48.13 on Friday. The stock has a market cap of $1.40 billion, a P/E ratio of 16.48 and a beta of 0.56. The stock’s 50-day moving average is $42.99 and its 200-day moving average is $44.05. Gold.com has a 1-year low of $23.00 and a 1-year high of $66.70.

Gold.com (NYSE:GOLD) last issued 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). 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 the consensus estimate of $5.67 billion. During the same quarter last year, the business earned $0.41 EPS. As a group, equities analysts forecast that Gold.com will post 3.73 EPS for the current year.

Insider Activity

In other news, major shareholder Tether Global Investments Fund bought 100,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was acquired at an average price of $39.30 per share, with a total value of $3,930,000.00. Following the completion of the purchase, the insider directly owned 300,000 shares of the company’s stock, valued at approximately $11,790,000. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Carol Meltzer sold 4,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $46.86, for a total transaction of $187,440.00. Following the completion of the transaction, the executive vice president owned 1,500 shares in the company, valued at approximately $70,290. The trade was a 72.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 50,667 shares of company stock worth $2,437,822 over the last ninety days. Corporate insiders own 23.10% of the company’s stock.

Institutional Investors Weigh In On Gold.com

Several institutional investors and hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC acquired a new stake in shares of Gold.com during the 4th quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Gold.com during the 4th quarter valued at $42,000. CANADA LIFE ASSURANCE Co bought a new position in Gold.com during the fourth quarter worth $76,000. Police & Firemen s Retirement System of New Jersey bought a new position in Gold.com during the fourth quarter worth $182,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Gold.com in the second quarter worth $225,000. Institutional investors own 62.85% of the company’s stock.

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.