Insider Selling: Gold.com (NYSE:GOLD) CEO Sells $1,663,200.00 in Stock

Gold.com Inc. (NYSE:GOLD) CEO Gregory Roberts sold 40,000 shares of the business’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 in the company, valued at approximately $1,172,639.16. This represents a 58.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Gold.com Stock Down 0.0%

Shares of Gold.com stock opened at $38.73 on Monday. 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 Inc. has a twelve month low of $19.39 and a twelve month high of $66.70. The company has a market capitalization of $1.10 billion, a PE ratio of 13.26 and a beta of 0.55. The business has a fifty day simple moving average of $44.84.

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

Gold.com announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 8th that allows the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization allows the company to reacquire up to 7.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Gold.com Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. Gold.com’s payout ratio is currently 27.40%.

Analyst Upgrades and Downgrades

GOLD has been the topic of several analyst reports. Zacks Research cut shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings raised shares of Gold.com from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. DA Davidson reissued a “buy” rating and set a $60.00 target price on shares of Gold.com in a research note on Tuesday, April 28th. Northland Securities raised shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research note on Friday, February 6th. Finally, Roth Mkm set a $52.00 target price on shares of Gold.com in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $56.33.

Hedge Funds Weigh In On Gold.com

A number of hedge funds have recently bought and sold shares of the company. Swiss National Bank raised its stake in Gold.com by 1.4% during the first quarter. Swiss National Bank now owns 36,500 shares of the company’s stock worth $1,463,000 after buying an additional 500 shares during the last quarter. CWM LLC acquired a new stake in Gold.com in the fourth quarter worth $35,000. Larson Financial Group LLC acquired a new stake in Gold.com in the fourth quarter worth $41,000. Caitong International Asset Management Co. Ltd acquired a new stake in Gold.com in the fourth quarter worth $42,000. Finally, State of Alaska Department of Revenue acquired a new stake in Gold.com in the fourth quarter worth $44,000. Institutional investors own 62.85% of the company’s stock.

About Gold.com

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.