Gold.com Inc. (NYSE:GOLD) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Gold.com Inc. (NYSE:GOLD) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $59.75.

Several research analysts recently weighed in on the company. Roth Capital set a $52.00 target price on Gold.com in a research note on Thursday, May 7th. Zacks Research downgraded Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Weiss Ratings upgraded Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. DA Davidson restated a “buy” rating and set a $60.00 price objective on shares of Gold.com in a report on Tuesday, April 28th. Finally, Canaccord Genuity Group assumed coverage on shares of Gold.com in a research report on Tuesday, June 9th. They issued a “buy” rating and a $70.00 price objective for the company.

Insider Buying and Selling

In other Gold.com news, CEO Gregory N. Roberts sold 40,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total value of $1,663,200.00. Following the completion of the transaction, the chief executive officer owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. This trade represents a 58.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Tether Global Investments Fund bought 58,536 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of $43.11 per share, for a total transaction of $2,523,486.96. Following the completion of the transaction, the insider owned 200,000 shares in the company, valued at $8,622,000. This trade represents a 41.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 200,000 shares of company stock worth $8,242,055 in the last 90 days. 23.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. acquired a new stake in shares of Gold.com during the fourth quarter worth about $32,408,000. Jacobs Asset Management LLC purchased a new stake in Gold.com in the fourth quarter valued at approximately $10,215,000. Bard Associates Inc. acquired a new position in Gold.com in the 4th quarter worth approximately $3,078,000. Gamco Investors INC. ET AL acquired a new position in Gold.com in the 4th quarter worth approximately $1,083,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Gold.com during the 1st quarter worth approximately $2,618,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Gold.com Trading Up 1.5%

NYSE:GOLD opened at $42.76 on Wednesday. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 14.65 and a beta of 0.54. Gold.com has a 52 week low of $21.03 and a 52 week high of $66.70. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average of $41.29 and a 200 day moving average of $45.54.

Gold.com (NYSE:GOLD) last released its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $1.62. The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $4.81 billion. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. As a group, sell-side analysts anticipate that Gold.com will post 5.31 earnings per share for the current fiscal year.

Gold.com announced that its board has authorized a stock repurchase program on Wednesday, April 8th that authorizes the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization authorizes the company to buy up to 7.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Gold.com Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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 various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.