Gold.com Inc. (NYSE:GOLD - Get Free Report) major shareholder Tether Global Investments Fund purchased 100,000 shares of Gold.com stock in a transaction that occurred on Thursday, September 3rd. The shares were purchased at an average cost of $39.30 per share, with a total value of $3,930,000.00. Following the transaction, the insider directly owned 300,000 shares of the company's stock, valued at $11,790,000. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Gold.com Stock Performance
GOLD stock opened at $47.41 on Wednesday. The stock has a market capitalization of $1.38 billion, a PE ratio of 16.24 and a beta of 0.56. Gold.com Inc. has a 12-month low of $22.00 and a 12-month high of $66.70. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. The stock's 50 day simple moving average is $42.73 and its 200 day simple moving average is $44.27.
Gold.com (NYSE:GOLD - Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.55). The business had revenue of $5.01 billion during the quarter, compared to analysts' expectations of $5.67 billion. Gold.com had a return on equity of 18.15% and a net margin of 0.32%.During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, research analysts forecast that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.
Gold.com Dividend Announcement
The firm also recently announced a special dividend, which will be paid on Monday, September 28th. Shareholders 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 payout ratio is 27.40%.
Institutional Investors Weigh In On Gold.com
A number of large investors have recently made changes to their positions in GOLD. CWM LLC purchased a new stake in shares of Gold.com during the 4th quarter valued at about $35,000. Larson Financial Group LLC purchased a new position in shares of Gold.com in the fourth quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd bought a new stake in Gold.com during the fourth quarter valued at approximately $42,000. New York State Teachers Retirement System bought a new stake in Gold.com during the fourth quarter valued at approximately $55,000. Finally, CANADA LIFE ASSURANCE Co purchased a new stake in Gold.com during the fourth quarter valued at approximately $76,000. 62.85% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on GOLD. Canaccord Genuity Group dropped their price target on shares of Gold.com from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday, September 3rd. Zacks Research downgraded shares of Gold.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. DA Davidson restated a "buy" rating and issued a $60.00 target price on shares of Gold.com in a report on Thursday, September 3rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Gold.com in a research report on Monday, August 17th. Finally, Northland Securities set a $55.00 target price on shares of Gold.com in a research note on Thursday, September 3rd. Four equities research 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 a consensus rating of "Moderate Buy" and a consensus target price of $58.00.
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About Gold.com
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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.
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