Gold.com (NYSE:GOLD) CEO Gregory Roberts Sells 25,000 Shares

Gold.com Inc. (NYSE:GOLD) CEO Gregory Roberts sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $49.36, for a total value of $1,234,000.00. Following the completion of the transaction, the chief executive officer directly owned 28,202 shares in the company, valued at $1,392,050.72. The trade was a 46.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Gold.com Stock Performance

Shares of Gold.com stock traded down $4.40 on Thursday, reaching $44.93. The stock had a trading volume of 371,845 shares, compared to its average volume of 615,814. The business’s 50-day moving average price is $42.87 and its two-hundred day moving average price is $44.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18. Gold.com Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $66.70. The stock has a market cap of $1.30 billion, a P/E ratio of 15.44 and a beta of 0.56.

Gold.com (NYSE:GOLD) last posted its earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 18.15%. During the same quarter in the previous year, the business posted $0.41 earnings per share. On average, sell-side analysts forecast that Gold.com Inc. will post 3.73 EPS for the current year.

Gold.com Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, September 16th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. Gold.com’s dividend payout ratio (DPR) is currently 27.40%.

Institutional Investors Weigh In On Gold.com

Large investors have recently modified their holdings of the stock. California State Teachers Retirement System lifted its position in shares of Gold.com by 3,975.9% during the 2nd quarter. California State Teachers Retirement System now owns 1,183,264 shares of the company’s stock worth $49,236,000 after buying an additional 1,154,233 shares during the period. Dimensional Fund Advisors LP bought a new stake in Gold.com in the fourth quarter valued at $40,273,000. Charles Schwab Investment Management Inc. acquired a new position in Gold.com during the fourth quarter worth $32,408,000. Jacobs Levy Equity Management Inc. acquired a new position in Gold.com during the fourth quarter worth $17,971,000. Finally, Geode Capital Management LLC bought a new position in shares of Gold.com during the fourth quarter valued at $15,790,000. 62.85% of the stock is currently owned by institutional investors.

Key Stories Impacting Gold.com

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

• Positive Sentiment: Major shareholder increased its stake: Tether Global Investments Fund bought 100,000 GOLD shares at an average price of $39.30, raising its holdings by 50% to 300,000 shares. The purchase may signal confidence from a significant investor. Tether Global Investments Fund Buys 100,000 Shares of Gold.com Stock
• Positive Sentiment: Special dividend provides shareholder support: Gold.com declared a $0.20-per-share special dividend payable September 28 to shareholders of record September 16. The ex-dividend date is September 16.
• Positive Sentiment: Analyst sentiment remains constructive: The stock has a consensus “Moderate Buy” rating and an average price target of $58. Canaccord Genuity, DA Davidson and Northland Securities maintain targets of $65, $60 and $55, respectively, although Canaccord recently reduced its target from $70.
• Neutral Sentiment: Gold-price exposure remains a double-edged factor: Gold.com’s wholesale, direct-to-consumer and secured-lending businesses can benefit from elevated precious-metals prices, but the company’s results and valuation may remain sensitive to commodity-price volatility.
• Negative Sentiment: Quarterly results missed expectations: Gold.com reported fiscal fourth-quarter EPS of $0.41, versus the $0.96 consensus estimate, while revenue of $5.01 billion trailed expectations of $5.67 billion. Revenue increased 99% year over year but declined 52% sequentially, and EPS, EBITDA and new-customer growth weakened from the prior quarter. Gold.com’s Q4 Results Show Why This Stock Is More Than a Gold Bet
• Negative Sentiment: Insider selling may weigh on confidence: COO Brian Aquilino sold 6,667 shares for approximately $313,482, reducing his position by 50%. EVP Carol Meltzer sold 4,000 shares for $187,440, cutting her holdings by 72.73%. The sales were disclosed in SEC filings. Gold.com EVP Carol Meltzer Sells 4,000 Shares

Analyst Upgrades and Downgrades

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