Insider Buying: Gold.com (NYSE:GOLD) Major Shareholder Purchases $1,088,463.87 in Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund bought 27,633 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The stock was purchased at an average cost of $39.39 per share, for a total transaction of $1,088,463.87. Following the transaction, the insider directly owned 500,000 shares of the company’s stock, valued at $19,695,000. The trade was a 5.85% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Tether Global Investments Fund also recently made the following trade(s):

• On Tuesday, October 27th, Tether Global Investments Fund bought 39,692 shares of Gold.com stock. The shares were purchased at an average price of $39.44 per share, for a total transaction of $1,565,452.48.
• On Monday, October 26th, Tether Global Investments Fund purchased 32,675 shares of Gold.com stock. The shares were purchased at an average cost of $38.96 per share, with a total value of $1,273,018.00.
• On Wednesday, October 14th, Tether Global Investments Fund purchased 25,200 shares of Gold.com stock. The shares were purchased at an average cost of $39.63 per share, with a total value of $998,676.00.
• On Tuesday, October 13th, Tether Global Investments Fund purchased 42,682 shares of Gold.com stock. The stock was purchased at an average price of $39.92 per share, with a total value of $1,703,865.44.
• On Monday, October 12th, Tether Global Investments Fund purchased 31,088 shares of Gold.com stock. The stock was purchased at an average price of $39.87 per share, with a total value of $1,239,478.56.
• On Wednesday, October 7th, Tether Global Investments Fund acquired 1,030 shares of Gold.com stock. The stock was purchased at an average cost of $39.96 per share, for a total transaction of $41,158.80.
• On Thursday, September 3rd, Tether Global Investments Fund acquired 100,000 shares of Gold.com stock. The stock was purchased at an average cost of $39.30 per share, for a total transaction of $3,930,000.00.

Gold.com Trading Down 1.3%

GOLD stock traded down $0.51 during trading hours on Wednesday, hitting $39.05. 480,153 shares of the stock were exchanged, compared to its average volume of 593,757. The firm has a market capitalization of $1.14 billion, a P/E ratio of 13.37 and a beta of 0.71. The company has a 50-day simple moving average of $43.21 and a two-hundred day simple moving average of $44.80. Gold.com Inc. has a 12 month low of $23.00 and a 12 month high of $66.70.

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 firm had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.67 billion. Gold.com had a return on equity of 17.22% and a net margin of 0.32%. During the same period in the prior year, the business posted $0.41 EPS. On average, equities research analysts predict that Gold.com Inc. will post 3.73 earnings per share for the current year.

Gold.com Dividend Announcement

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

Hedge Funds Weigh In On Gold.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. raised its holdings in Gold.com by 76.3% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 966 shares of the company’s stock valued at $41,000 after acquiring an additional 418 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Gold.com by 77.5% during the 3rd quarter. Evergreen Capital Management LLC now owns 34,059 shares of the company’s stock worth $1,450,000 after purchasing an additional 14,872 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Gold.com during the 3rd quarter worth $43,000. Inspire Investing LLC acquired a new stake in shares of Gold.com during the 3rd quarter worth $2,260,000. Finally, Nisa Investment Advisors LLC increased its position in shares of Gold.com by 365.5% in the third quarter. Nisa Investment Advisors LLC now owns 10,468 shares of the company’s stock worth $446,000 after purchasing an additional 8,219 shares during the period. 62.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on GOLD shares. Canaccord Genuity Group dropped their price objective on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating for the company 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. Zacks Research lowered shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Wall Street Zen raised shares of Gold.com from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.