Gold.com Inc. $GOLD Stock Holdings Decreased by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in shares of Gold.com Inc. (NYSE:GOLD) by 14.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,280 shares of the company’s stock after selling 25,353 shares during the quarter. Pacer Advisors Inc.’s holdings in Gold.com were worth $6,264,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. CWM LLC acquired a new position in Gold.com in the 4th quarter worth approximately $35,000. Larson Financial Group LLC acquired a new stake in Gold.com during the 4th quarter valued at $41,000. Caitong International Asset Management Co. Ltd acquired a new stake in Gold.com during the 4th quarter valued at $42,000. State of Alaska Department of Revenue purchased a new stake in shares of Gold.com in the fourth quarter valued at $44,000. Finally, New York State Teachers Retirement System purchased a new stake in shares of Gold.com in the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, CEO Gregory N. Roberts sold 40,000 shares of Gold.com 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 owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. This trade represents a 58.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Tether Global Investments Fund bought 58,536 shares of the stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of $43.11 per share, for a total transaction of $2,523,486.96. Following the purchase, the insider directly owned 200,000 shares of the company’s stock, valued at approximately $8,622,000. This represents a 41.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 200,000 shares of company stock worth $8,242,055 over the last ninety days. 0.63% of the stock is currently owned by company insiders.

Gold.com Stock Up 1.9%

GOLD stock opened at $43.49 on Thursday. Gold.com Inc. has a 12-month low of $21.60 and a 12-month high of $66.70. 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 market cap of $1.26 billion, a price-to-earnings ratio of 14.90 and a beta of 0.54. The company has a 50 day moving average of $41.32 and a two-hundred day moving average of $45.57.

Gold.com (NYSE:GOLD) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 EPS for the quarter, beating 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 business had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $4.81 billion. On average, 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 initiated a stock buyback plan on Wednesday, April 8th that permits the company to buyback 2,000,000,000,000 shares. This buyback authorization permits the company to repurchase up to 7.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

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.