Moorhead John Sells 1,000 Shares of Gold.com (NYSE:GOLD) Stock

Gold.com Inc. (NYSE:GOLD) Director Moorhead John sold 1,000 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $47.34, for a total transaction of $47,340.00. Following the completion of the transaction, the director directly owned 27,756 shares of the company’s stock, valued at approximately $1,313,969.04. This trade represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Moorhead John also recently made the following trade(s):

• On Friday, September 11th, Moorhead John sold 1,500 shares of Gold.com stock. The shares were sold at an average price of $48.41, for a total transaction of $72,615.00.

Gold.com Stock Down 1.8%

GOLD stock opened at $46.92 on Thursday. Gold.com Inc. has a 52 week low of $23.00 and a 52 week high of $66.70. The firm has a market capitalization of $1.37 billion, a P/E ratio of 16.07 and a beta of 0.56. The company has a fifty day simple moving average of $43.26 and a two-hundred day simple moving average of $43.85.

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 analysts’ consensus estimates 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 17.22% and a net margin of 0.32%.During the same quarter last year, the firm earned $0.41 earnings per share. As a group, analysts anticipate that Gold.com Inc. will post 3.73 EPS for the current year.

Gold.com Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 16th. Gold.com’s payout ratio is presently 27.40%.

Institutional Trading of Gold.com

Hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC increased its position in Gold.com by 42.5% during the 1st quarter. Empowered Funds LLC now owns 277,029 shares of the company’s stock valued at $11,103,000 after purchasing an additional 82,637 shares during the period. Jacobs Asset Management LLC purchased a new stake in shares of Gold.com in the 4th quarter worth approximately $10,215,000. CenterBook Partners LP purchased a new stake in shares of Gold.com in the 4th quarter worth approximately $9,171,000. Bank of New York Mellon Corp bought a new position in shares of Gold.com during the second quarter valued at approximately $7,143,000. Finally, Pacer Advisors Inc. bought a new stake in Gold.com during the 4th quarter valued at $6,185,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Canaccord Genuity Group reduced their target price on Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Northland Securities set a $55.00 price objective on shares of Gold.com in a report on Thursday, September 3rd. Wall Street Zen cut shares of Gold.com from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th. Finally, DA Davidson reiterated a “buy” rating and issued a $60.00 price target on shares of Gold.com in a report on Thursday, September 3rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

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.