Key Points
- Insider sale: Major shareholder William Richardson sold 20,000 shares at $40 each on March 31 for $800,000, cutting his stake by 6.72% to 277,400 shares, according to an SEC filing.
- Gold.com beat the quarter with EPS of $0.91 versus $0.70 and revenue of $6.48B versus $3.41B, but profitability is thin (net margin 0.08%) and the stock trades at a high P/E of 87.9 with a market cap of about $1.04B.
- Dividend: The company paid a $0.20 quarterly dividend (annualized $0.80, 1.9% yield) but has a high payout ratio of 170.21%, which could indicate the dividend is unsustainable.
Gold.com Inc. (NYSE:GOLD - Get Free Report) major shareholder William Richardson sold 20,000 shares of Gold.com stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $40.00, for a total value of $800,000.00. Following the completion of the transaction, the insider directly owned 277,400 shares of the company's stock, valued at $11,096,000. This represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Gold.com Stock Performance
GOLD opened at $41.30 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43. Gold.com Inc. has a 52-week low of $19.39 and a 52-week high of $66.70. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 87.86 and a beta of 0.50. The stock's fifty day moving average is $51.37.
Gold.com (NYSE:GOLD - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.21. Gold.com had a return on equity of 7.56% and a net margin of 0.08%.The business had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $3.41 billion.
Gold.com Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were given a $0.20 dividend. The ex-dividend date was Friday, February 20th. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. Gold.com's payout ratio is presently 170.21%.
Institutional Investors Weigh In On Gold.com
Several hedge funds and other institutional investors have recently made changes to their positions in GOLD. Hsbc Holdings PLC bought a new position in Gold.com in the 4th quarter valued at approximately $279,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Gold.com during the fourth quarter worth $129,000. Pacer Advisors Inc. bought a new stake in shares of Gold.com during the fourth quarter worth $6,185,000. Virtu Financial LLC acquired a new position in shares of Gold.com during the fourth quarter worth $960,000. Finally, Invesco Ltd. acquired a new position in shares of Gold.com during the fourth quarter worth $2,087,000. 62.85% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. DA Davidson increased their price target on shares of Gold.com from $53.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Roth Mkm set a $60.00 target price on Gold.com in a research note on Wednesday, January 28th. Weiss Ratings assumed coverage on Gold.com in a report on Wednesday, January 14th. They issued a "hold (c-)" rating on the stock. Zacks Research upgraded Gold.com from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 9th. Finally, Northland Securities raised Gold.com from a "market perform" rating to an "outperform" rating and set a $57.00 price target for the company in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $59.00.
View Our Latest Research Report on GOLD
About Gold.com
(
Get Free Report)
A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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 various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.
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