Key Points
- Tether Global Investments Fund purchased 25,200 Gold.com shares at an average $39.63 per share, spending nearly $1 million and increasing its position by 6.72% to 400,000 shares.
- Gold.com’s latest quarterly results fell short of expectations, with EPS of $0.41 versus the $0.96 consensus and revenue of $5.01 billion versus estimates of $5.67 billion.
- Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $58, despite some recent downgrades and target-price reductions.
Gold.com Inc. (NYSE:GOLD - Get Free Report) major shareholder Tether Global Investments Fund bought 25,200 shares of the stock in a transaction that occurred on Wednesday, October 14th. The stock was purchased at an average price of $39.63 per share, for a total transaction of $998,676.00. Following the completion of the purchase, the insider directly owned 400,000 shares in the company, valued at $15,852,000. The trade was a 6.72% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Tether Global Investments Fund also recently made the following trade(s):
- On Tuesday, October 13th, Tether Global Investments Fund acquired 42,682 shares of Gold.com stock. The shares were purchased at an average price of $39.92 per share, for a total transaction of $1,703,865.44.
- On Monday, October 12th, Tether Global Investments Fund acquired 31,088 shares of Gold.com stock. The shares were bought at an average cost of $39.87 per share, with a total value of $1,239,478.56.
- On Wednesday, October 7th, Tether Global Investments Fund purchased 1,030 shares of Gold.com stock. The shares were bought at an average price of $39.96 per share, for a total transaction of $41,158.80.
- On Thursday, September 3rd, Tether Global Investments Fund acquired 100,000 shares of Gold.com stock. The stock was bought at an average price of $39.30 per share, with a total value of $3,930,000.00.
Gold.com Trading Up 2.3%
GOLD opened at $39.63 on Friday. Gold.com Inc. has a 1-year low of $23.00 and a 1-year high of $66.70. The stock has a market capitalization of $1.15 billion, a PE ratio of 7.74 and a beta of 0.71. The firm has a 50-day moving average price of $44.10 and a two-hundred day moving average price of $42.94.
Gold.com (NYSE:GOLD - Get Free Report) last announced its 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 company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. On average, research analysts predict that Gold.com Inc. will post 3.73 EPS for the current year.
Gold.com Announces Dividend
The firm also recently announced a special dividend, which was paid on Monday, September 28th. Stockholders of record on Wednesday, September 16th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. Gold.com's dividend payout ratio (DPR) is 27.40%.
Institutional Trading of Gold.com
Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Gold.com by 127.9% during the 3rd quarter. GAMMA Investing LLC now owns 661 shares of the company's stock worth $28,000 after acquiring an additional 371 shares during the last quarter. SkyView Investment Advisors LLC acquired a new position in Gold.com during the second quarter valued at approximately $125,000. Caitong International Asset Management Co. Ltd acquired a new position in Gold.com during the fourth quarter valued at approximately $129,000. Integrated Wealth Concepts LLC acquired a new position in Gold.com during the second quarter valued at approximately $225,000. Finally, Arizona State Retirement System increased its stake in Gold.com by 7.1% in the second 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 in the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on GOLD. DA Davidson restated 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 lowered their target price on shares of Gold.com from $70.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, September 3rd. Wall Street Zen upgraded shares of Gold.com from a "sell" rating to a "hold" rating in a research report on Saturday, October 10th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Gold.com in a research report on Monday, August 17th. Finally, Zacks Research downgraded Gold.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $58.00.
Read Our Latest Report on GOLD
Gold.com Company Profile
(
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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