Key Points
- CEO Gregory Roberts sold 40,000 shares of Gold.com at an average price of $41.58, totaling about $1.66 million. After the sale, he still held 28,202 shares, and the transaction cut his position by 58.65%.
- Gold.com recently posted strong quarterly results, reporting EPS of $3.06 versus the $1.44 consensus estimate and revenue of $10.35 billion, far above expectations. Analysts now expect full-year EPS of 5.31.
- The company also initiated a share buyback program and declared a quarterly dividend of $0.20 per share, payable June 1, implying a 2.1% annualized yield. Institutional ownership remains high at 62.85%, and analysts’ consensus rating is Moderate Buy with a $56.33 price target.
Gold.com Inc. (NYSE:GOLD - Get Free Report) CEO Gregory Roberts sold 40,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $41.58, for a total value of $1,663,200.00. Following the completion of the transaction, the chief executive officer directly owned 28,202 shares of the company's stock, valued at approximately $1,172,639.16. The trade was a 58.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Gold.com Stock Performance
NYSE:GOLD opened at $38.73 on Friday. Gold.com Inc. has a 1 year low of $19.39 and a 1 year high of $66.70. The company has a market capitalization of $1.10 billion, a PE ratio of 13.26 and a beta of 0.55. The stock has a fifty day simple moving average of $44.84. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.66 and a current ratio of 1.18.
Gold.com (NYSE:GOLD - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $1.62. Gold.com had a return on equity of 17.82% and a net margin of 0.35%.The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $4.81 billion. On average, equities research analysts predict that Gold.com Inc. will post 5.31 EPS for the current year.
Gold.com declared that its board has initiated a stock buyback program on Wednesday, April 8th that allows the company to repurchase 2,000,000,000,000 shares. This repurchase authorization allows the company to buy up to 7.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.
Gold.com Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. Gold.com's dividend payout ratio is presently 27.40%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new position in Gold.com during the first quarter valued at about $4,836,000. Sei Investments Co. boosted its stake in Gold.com by 108.8% during the first quarter. Sei Investments Co. now owns 119,993 shares of the company's stock valued at $4,809,000 after buying an additional 62,537 shares in the last quarter. Globeflex Capital L P boosted its stake in Gold.com by 115.3% during the first quarter. Globeflex Capital L P now owns 68,773 shares of the company's stock valued at $2,756,000 after buying an additional 36,826 shares in the last quarter. First Trust Advisors LP boosted its stake in Gold.com by 4.7% during the first quarter. First Trust Advisors LP now owns 69,228 shares of the company's stock valued at $2,775,000 after buying an additional 3,094 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Gold.com by 1.4% during the first quarter. Swiss National Bank now owns 36,500 shares of the company's stock valued at $1,463,000 after buying an additional 500 shares in the last quarter. Institutional investors own 62.85% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on GOLD. DA Davidson reissued a "buy" rating and issued a $60.00 price target on shares of Gold.com in a research note on Tuesday, April 28th. Roth Mkm set a $52.00 target price on Gold.com in a research note on Thursday, May 7th. Northland Securities raised Gold.com from a "market perform" rating to an "outperform" rating and set a $57.00 target price for the company in a research note on Friday, February 6th. Zacks Research cut Gold.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings raised Gold.com from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Gold.com has an average rating of "Moderate Buy" and a consensus price target of $56.33.
Get Our Latest Analysis on Gold.com
Gold.com Company Profile
(
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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