Gold.com (NYSE:GOLD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Gold.com (NYSE:GOLD) from a sell rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

GOLD has been the topic of several other research reports. Canaccord Genuity Group dropped their target price on Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. DA Davidson reiterated a “buy” rating and issued a $60.00 price target on shares of Gold.com in a report on Thursday, September 3rd. Zacks Research lowered Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th. Finally, Northland Securities set a $55.00 price objective on 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Gold.com Stock Performance

Shares of GOLD opened at $39.85 on Friday. The company has a 50 day moving average price of $44.30 and a 200-day moving average price of $42.97. Gold.com has a fifty-two week low of $23.00 and a fifty-two week high of $66.70. The stock has a market capitalization of $1.16 billion, a PE ratio of 13.65 and a beta of 0.71.

Gold.com (NYSE:GOLD) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.55). The business had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 17.22%. During the same period in the previous year, the business earned $0.41 earnings per share. Equities research analysts forecast that Gold.com will post 3.73 EPS for the current year.

Gold.com Announces Dividend

The business also recently disclosed a special dividend, which was paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th were given a $0.20 dividend. The ex-dividend date was Wednesday, September 16th. Gold.com’s dividend payout ratio is currently 27.40%.

Insiders Place Their Bets

In other news, Director Jeffrey D. Benjamin sold 18,048 shares of Gold.com stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $44.50, for a total transaction of $803,136.00. Following the completion of the transaction, the director directly owned 261,546 shares of the company’s stock, valued at $11,638,797. The trade was a 6.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Moorhead John sold 1,000 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $47.34, for a total transaction of $47,340.00. Following the completion of the transaction, the director owned 27,756 shares of the company’s stock, valued at approximately $1,313,969.04. This represents a 3.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 124,859 shares of company stock worth $5,835,628. Corporate insiders own 16.50% of the company’s stock.

Institutional Trading of Gold.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GOLD. Jacobs Asset Management LLC purchased a new position in shares of Gold.com during the 4th quarter valued at approximately $10,215,000. Empowered Funds LLC grew its stake in 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 acquiring an additional 82,637 shares during the period. Pacer Advisors Inc. acquired a new stake in Gold.com in the 4th quarter valued at $6,185,000. Bank of New York Mellon Corp acquired a new stake in Gold.com in the 2nd quarter valued at $7,143,000. Finally, Counterpoint Mutual Funds LLC increased its holdings in Gold.com by 740.1% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company’s stock worth $5,000,000 after acquiring an additional 109,910 shares in the last quarter. Institutional investors and hedge funds own 62.85% of the company’s stock.

About Gold.com

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.