Wall Street Zen Upgrades Gold.com (NYSE:GOLD) to Hold

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

A number of other equities research analysts have also commented on the company. Canaccord Genuity Group lowered their price target 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. Weiss Ratings restated 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 shares of Gold.com in a report on Thursday, September 3rd. DA Davidson reaffirmed a “buy” rating and set a $60.00 price objective on shares of Gold.com in a report on Thursday, September 3rd. Finally, Zacks Research lowered shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Four equities research 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, Gold.com currently has an average rating of “Moderate Buy” and an average target price of $58.00.

Gold.com Stock Up 0.2%

Shares of Gold.com stock opened at $40.77 on Friday. The company has a market cap of $1.19 billion, a PE ratio of 13.96 and a beta of 0.71. Gold.com has a 52 week low of $23.00 and a 52 week high of $66.70. The business has a 50 day moving average price of $44.35 and a 200-day moving average price of $43.00.

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 company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 17.22%. During the same quarter in the prior year, the business earned $0.41 EPS. As a group, research analysts anticipate that Gold.com will post 3.73 EPS for the current year.

Insider Transactions at Gold.com

In related news, Director Jeffrey D. Benjamin sold 18,973 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $47.82, for a total transaction of $907,288.86. Following the completion of the sale, the director directly owned 304,265 shares of the company’s stock, valued at approximately $14,549,952.30. This trade represents a 5.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Tether Global Investments Fund purchased 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were acquired at an average cost of $39.30 per share, with a total value of $3,930,000.00. Following the completion of the transaction, the insider directly owned 300,000 shares of the company’s stock, valued at $11,790,000. The trade was a 50.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have sold 124,859 shares of company stock worth $5,835,628. 16.50% of the stock is owned by insiders.

Institutional Trading of Gold.com

Hedge funds have recently bought and sold shares of the business. Jacobs Asset Management LLC bought a new stake in Gold.com in the fourth quarter worth about $10,215,000. Pacer Advisors Inc. purchased a new position in Gold.com in the fourth quarter valued at about $6,185,000. Bank of New York Mellon Corp purchased a new position in Gold.com in the second quarter valued at about $7,143,000. Renaissance Technologies LLC bought a new position in shares of Gold.com during the 1st quarter valued at approximately $4,836,000. Finally, Counterpoint Mutual Funds LLC grew its position in shares of Gold.com by 740.1% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company’s stock valued at $5,000,000 after acquiring an additional 109,910 shares during the period. 62.85% of the stock is currently owned by institutional investors.

Gold.com Company Profile

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.