Key Points
- CEO Gregory Roberts sold 10,000 Gold.com shares at an average price of $45.83, generating $458,300 and reducing his ownership by 26.18% to 28,202 shares.
- Gold.com’s latest quarterly results fell short of expectations, with EPS of $0.41 versus the $0.96 consensus estimate and revenue of $5.01 billion versus $5.67 billion expected.
- The company declared a $0.20 special dividend payable September 28 to shareholders of record September 16. Analysts maintain a “Moderate Buy” consensus with an average $58 price target, despite some recent rating downgrades.
Gold.com Inc. (NYSE:GOLD - Get Free Report) CEO Gregory Roberts sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $45.83, for a total value of $458,300.00. Following the sale, the chief executive officer owned 28,202 shares of the company's stock, valued at approximately $1,292,497.66. This trade represents a 26.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Gold.com Price Performance
Shares of Gold.com stock opened at $47.28 on Tuesday. The stock has a market capitalization of $1.38 billion, a P/E ratio of 16.19 and a beta of 0.56. The business has a 50 day simple moving average of $43.05 and a two-hundred day simple moving average of $43.98. Gold.com Inc. has a 12 month low of $23.00 and a 12 month high of $66.70.
Gold.com (NYSE:GOLD - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($0.55). The firm had revenue of $5.01 billion during 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 firm earned $0.41 earnings per share. As a group, research analysts anticipate that Gold.com Inc. will post 3.73 EPS for the current fiscal year.
Gold.com Announces Dividend
The company also recently disclosed a special dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, September 16th. Gold.com's dividend payout ratio (DPR) is presently 27.40%.
Analyst Ratings Changes
Several brokerages have issued reports on GOLD. Zacks Research cut shares of Gold.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. DA Davidson reiterated a "buy" rating and issued a $60.00 target price on shares of Gold.com in a research report on Thursday, September 3rd. Weiss Ratings reissued a "hold (c+)" rating on shares of Gold.com in a research note on Monday, August 17th. Northland Securities set a $55.00 price target on shares of Gold.com in a research report on Thursday, September 3rd. Finally, Wall Street Zen cut shares of Gold.com from a "hold" rating to a "sell" rating in a research note on Saturday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Gold.com has an average rating of "Moderate Buy" and a consensus target price of $58.00.
Read Our Latest Research Report on GOLD
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. WINTON GROUP Ltd increased its position in Gold.com by 7.6% during the second quarter. WINTON GROUP Ltd now owns 9,900 shares of the company's stock worth $412,000 after purchasing an additional 700 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Gold.com during the second quarter worth about $225,000. Squarepoint Ops LLC acquired a new position in Gold.com in the 2nd quarter valued at about $387,000. Arizona State Retirement System boosted its holdings in Gold.com by 7.1% in the 2nd quarter. Arizona State Retirement System now owns 5,435 shares of the company's stock valued at $226,000 after purchasing an additional 359 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Gold.com in the 2nd quarter valued at approximately $358,000. Hedge funds and other institutional investors own 62.85% of the company's stock.
About Gold.com
(
Get Free Report)
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.
Further Reading
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