Key Points
- Director Jeffrey Benjamin sold 18,973 Gold.com shares for approximately $907,289, reducing his ownership by 5.87% to 304,265 shares.
- Gold.com’s latest quarterly results missed 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 special $0.20-per-share dividend, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $58.00.
Gold.com Inc. (NYSE:GOLD - Get Free Report) Director Jeffrey Benjamin sold 3,652 shares of the business's stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $47.07, for a total transaction of $171,899.64. Following the completion of the transaction, the director owned 300,613 shares of the company's stock, valued at $14,149,853.91. This trade represents a 1.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Gold.com Stock Performance
NYSE:GOLD opened at $45.35 on Friday. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 15.53 and a beta of 0.56. The stock's fifty day moving average price is $43.48 and its two-hundred day moving average price is $43.79. Gold.com Inc. has a 52-week low of $23.00 and a 52-week high of $66.70.
Gold.com (NYSE:GOLD - Get Free Report) last released its earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.55). Gold.com had a return on equity of 17.22% and a net margin of 0.32%.The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, equities analysts predict that Gold.com Inc. will post 3.73 EPS 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 dividend of $0.20 per share. The ex-dividend date is Wednesday, September 16th. Gold.com's dividend payout ratio is presently 27.40%.
Hedge Funds Weigh In On Gold.com
A number of hedge funds and other institutional investors have recently made changes to their positions in GOLD. Empowered Funds LLC increased its position in shares of Gold.com by 42.5% in the 1st quarter. Empowered Funds LLC now owns 277,029 shares of the company's stock valued at $11,103,000 after buying an additional 82,637 shares in the last quarter. Jacobs Asset Management LLC acquired a new position in Gold.com in the fourth quarter valued at about $10,215,000. CenterBook Partners LP bought a new stake in shares of Gold.com in the fourth quarter worth about $9,171,000. Bank of New York Mellon Corp acquired a new stake in shares of Gold.com during the second quarter worth about $7,143,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of Gold.com during the fourth quarter worth about $6,185,000. 62.85% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Northland Securities set a $55.00 price target on shares of Gold.com in a research report on Thursday, September 3rd. DA Davidson reiterated a "buy" rating and issued a $60.00 price objective on shares of Gold.com in a report on Thursday, September 3rd. Canaccord Genuity Group cut their target price on Gold.com from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, September 3rd. Wall Street Zen cut Gold.com from a "hold" rating to a "sell" rating in a report on Saturday, September 12th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Gold.com in a research report on Monday, August 17th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $58.00.
Check Out Our Latest Research Report on GOLD
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.
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