Tether Global Investments Fund Acquires 100,000 Shares of Gold.com (NYSE:GOLD) Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund bought 100,000 shares of Gold.com stock in a transaction on Thursday, September 3rd. The shares were purchased at an average cost 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 in the company, valued at $11,790,000. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Gold.com Price Performance

Shares of NYSE:GOLD opened at $49.48 on Thursday. 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 52 week low of $22.00 and a 52 week high of $66.70. The firm’s 50 day moving average is $42.87 and its two-hundred day moving average is $44.20. The firm has a market capitalization of $1.44 billion, a P/E ratio of 16.95 and a beta of 0.56.

Gold.com (NYSE:GOLD) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.55). The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.67 billion. Gold.com had a return on equity of 18.15% and a net margin of 0.32%.During the same period in the previous year, the company posted $0.41 EPS. Analysts anticipate that Gold.com Inc. will post 3.73 earnings per share for the current year.

Gold.com Announces Dividend

The firm also recently announced a special dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, September 16th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, September 16th. Gold.com’s payout ratio is presently 27.40%.

Key Stories Impacting Gold.com

Here are the key news stories impacting Gold.com this week:

• Positive Sentiment: Major shareholder adds to position: Tether Global Investments Fund purchased 100,000 GOLD shares at an average of $39.30, increasing its ownership by 50% to 300,000 shares. The transaction may signal confidence from a significant shareholder. Tether Global Investments Fund Buys 100,000 Shares of Gold.com Stock
• Positive Sentiment: Special dividend announced: Gold.com declared a $0.20-per-share special dividend payable September 28 to shareholders of record September 16. The payment could support investor interest, though the stock’s payout ratio is relatively modest at 27.40%.
• Positive Sentiment: Analyst outlook remains favorable: Gold.com has a consensus “Moderate Buy” rating and an average price target of $58.00. Canaccord lowered its target to $65 from $70 but maintained a Buy rating, while DA Davidson reiterated its Buy rating with a $60 target. Northland Securities set a $55 target.
• Neutral Sentiment: Gold-related exposure remains a key theme: Gold.com operates wholesale precious-metals sales, direct-to-consumer and secured-lending businesses. Its shares remain sensitive to gold prices, which can benefit revenue but also contribute to volatility.
• Negative Sentiment: Quarterly performance missed expectations: Fiscal fourth-quarter revenue rose 99% year over year but fell 52% sequentially. EPS, EBITDA and new-customer growth also declined sharply from the prior quarter. The latest quarter produced $0.41 EPS versus the $0.96 consensus estimate, while revenue of $5.01 billion missed the $5.67 billion forecast. Gold.com’s Q4 Results Show Why This Stock Is More Than a Gold Bet
• Negative Sentiment: Executives sold shares: COO Brian Aquilino sold 6,667 shares for approximately $313,482, while EVP Carol Meltzer sold 4,000 shares for $187,440. Their holdings fell 50% and 72.73%, respectively, potentially weighing on sentiment.

Analysts Set New Price Targets

Several brokerages have commented on GOLD. DA Davidson reiterated a “buy” rating and issued a $60.00 target price on shares of Gold.com in a report on Thursday, September 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th. Northland Securities set a $55.00 price objective on Gold.com in a report on Thursday, September 3rd. Canaccord Genuity Group decreased their price objective on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. Finally, Zacks Research lowered Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Institutional Investors Weigh In On Gold.com

Hedge funds have recently bought and sold shares of the company. CWM LLC bought a new position in shares of Gold.com in the fourth quarter worth about $35,000. Larson Financial Group LLC bought a new stake in Gold.com during the 4th quarter valued at approximately $41,000. Caitong International Asset Management Co. Ltd bought a new stake in Gold.com during the 4th quarter valued at approximately $42,000. New York State Teachers Retirement System acquired a new stake in Gold.com in the 4th quarter valued at approximately $55,000. Finally, CANADA LIFE ASSURANCE Co acquired a new stake in Gold.com in the 4th quarter valued at approximately $76,000. 62.85% of the stock is currently owned by institutional investors.

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.