Key Points
- Tether Global Investments Fund bought 31,088 Gold.com shares for approximately $1.24 million, increasing its position by 10.33% to 332,118 shares. The fund also made purchases in September and October.
- Gold.com recently missed quarterly expectations, reporting $0.41 in EPS versus a $0.96 consensus and revenue of $5.01 billion versus estimates of $5.67 billion.
- Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $58, while the company also paid a special dividend of $0.20 per share.
Gold.com Inc. (NYSE:GOLD - Get Free Report) major shareholder Tether Global Investments Fund acquired 1,030 shares of the business's stock in a transaction on Wednesday, October 7th. The shares were purchased at an average price of $39.96 per share, with a total value of $41,158.80. Following the completion of the purchase, the insider owned 301,030 shares in the company, valued at $12,029,158.80. This represents a 0.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Tether Global Investments Fund also recently made the following trade(s):
- On Monday, October 12th, Tether Global Investments Fund bought 31,088 shares of Gold.com stock. The shares were purchased at an average cost of $39.87 per share, with a total value of $1,239,478.56.
- On Thursday, September 3rd, Tether Global Investments Fund bought 100,000 shares of Gold.com stock. The shares were purchased at an average cost of $39.30 per share, with a total value of $3,930,000.00.
Gold.com Price Performance
NYSE GOLD opened at $40.08 on Wednesday. The company has a market cap of $1.17 billion, a PE ratio of 7.95 and a beta of 0.71. The stock's 50 day simple moving average is $44.25 and its 200-day simple moving average is $42.95. Gold.com Inc. has a 1-year low of $23.00 and a 1-year 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). 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 during the quarter, compared to analyst estimates of $5.67 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. On average, equities research analysts anticipate that Gold.com Inc. will post 3.73 EPS for the current fiscal year.
Gold.com Dividend Announcement
The company also recently disclosed a special dividend, which was paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th were issued a $0.20 dividend. The ex-dividend date was Wednesday, September 16th. Gold.com's dividend payout ratio (DPR) is presently 27.40%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC grew its holdings in shares of Gold.com by 42.5% in the first quarter. Empowered Funds LLC now owns 277,029 shares of the company's stock valued at $11,103,000 after purchasing an additional 82,637 shares during the period. Pacer Advisors Inc. acquired a new stake in Gold.com during the fourth quarter worth about $6,185,000. Bank of New York Mellon Corp purchased a new position in Gold.com during the second quarter worth about $7,143,000. Counterpoint Mutual Funds LLC raised its stake in Gold.com by 740.1% during the first quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company's stock worth $5,000,000 after purchasing an additional 109,910 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in Gold.com during the first quarter worth about $4,836,000. Institutional investors and hedge funds own 62.85% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on GOLD shares. Zacks Research cut shares of Gold.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. Wall Street Zen raised shares of Gold.com from a "sell" rating to a "hold" rating in a report on Saturday. Canaccord Genuity Group reduced their target price on shares of Gold.com from $70.00 to $65.00 and set a "buy" rating for the company in a research report on Thursday, September 3rd. 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. Finally, Northland Securities set a $55.00 price target 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 given a Hold rating to the stock. Based on data from MarketBeat.com, Gold.com has an average rating of "Moderate Buy" and an average target price of $58.00.
Get Our Latest 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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