Key Points
- CEO Gregory Roberts sold 30,000 shares of Gold.com stock on May 12 at an average price of $42.00, totaling $1.26 million. After the sale, he still held 28,202 shares, and his ownership fell by 51.54%.
- Gold.com reported strong quarterly earnings on May 6, with EPS of $3.06 versus the $1.44 consensus estimate and revenue of $10.35 billion, well above expectations.
- The company also announced a quarterly dividend and share repurchase program, including a $0.20 per-share dividend and authorization to buy back up to 7.9% of outstanding shares, while analysts maintain a Moderate Buy rating with a $56.33 average price target.
Gold.com Inc. (NYSE:GOLD - Get Free Report) CEO Gregory Roberts sold 30,000 shares of Gold.com stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $42.00, for a total transaction of $1,260,000.00. Following the transaction, the chief executive officer directly owned 28,202 shares in the company, valued at $1,184,484. This trade represents a 51.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Gold.com Price Performance
Shares of GOLD stock opened at $41.34 on Thursday. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. The stock's 50-day moving average price is $45.51. Gold.com Inc. has a 12 month low of $19.39 and a 12 month high of $66.70. The stock has a market capitalization of $1.18 billion, a P/E ratio of 14.16 and a beta of 0.55.
Gold.com (NYSE:GOLD - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $1.62. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $4.81 billion. Sell-side analysts forecast that Gold.com Inc. will post 5.31 EPS for the current year.
Gold.com declared that its Board of Directors has approved a share repurchase program on Wednesday, April 8th that permits the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization permits the company to purchase up to 7.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.
Gold.com Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Gold.com's payout ratio is 27.40%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Roth Mkm set a $52.00 target price on shares of Gold.com in a research note on Thursday, May 7th. Weiss Ratings raised shares of Gold.com from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, May 6th. Northland Securities upgraded shares of Gold.com from a "market perform" rating to an "outperform" rating and set a $57.00 price target for the company in a research report on Friday, February 6th. Zacks Research cut shares of Gold.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 7th. Finally, DA Davidson reiterated a "buy" rating and set a $60.00 price target on shares of Gold.com in a research report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Gold.com has an average rating of "Moderate Buy" and an average price target of $56.33.
Get Our Latest Stock Report on GOLD
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP acquired a new position in shares of Gold.com in the fourth quarter valued at approximately $40,273,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Gold.com in the fourth quarter valued at approximately $32,408,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Gold.com in the fourth quarter valued at approximately $17,971,000. Geode Capital Management LLC acquired a new position in shares of Gold.com in the fourth quarter valued at approximately $15,790,000. Finally, State Street Corp acquired a new position in shares of Gold.com in the fourth quarter valued at approximately $15,019,000. Institutional investors and hedge funds own 62.85% of the company's stock.
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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