Gold.com (NYSE:GOLD) Stock Rating Upgraded by Zacks Research

Gold.com (NYSE:GOLD) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other research analysts have also recently weighed in on the company. Weiss Ratings raised Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. DA Davidson restated a “buy” rating and set a $60.00 target price on shares of Gold.com in a research note on Tuesday, April 28th. Northland Securities upgraded shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research note on Friday, February 6th. Finally, Roth Mkm set a $52.00 target price on shares of Gold.com in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $56.33.

Gold.com Stock Up 1.3%

GOLD stock opened at $40.10 on Monday. Gold.com has a twelve month low of $20.13 and a twelve month high of $66.70. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.16 billion, a PE ratio of 13.73 and a beta of 0.53. The company’s 50-day moving average is $43.24.

Gold.com (NYSE:GOLD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $1.62. Gold.com had a return on equity of 17.82% and a net margin of 0.35%.The firm had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $4.81 billion. On average, equities research analysts expect that Gold.com will post 5.31 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In related news, CEO Gregory N. Roberts sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $41.58, for a total value of $1,663,200.00. Following the transaction, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. The trade was a 58.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey D. Benjamin sold 24,683 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $50.17, for a total value of $1,238,346.11. Following the completion of the transaction, the director directly owned 502,506 shares in the company, valued at approximately $25,210,726.02. This represents a 4.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders purchased 730,338 shares of company stock valued at $31,842,096 and sold 117,618 shares valued at $5,117,189. Corporate insiders own 23.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GOLD. Dimensional Fund Advisors LP bought a new stake in Gold.com in the 4th quarter worth approximately $40,273,000. Charles Schwab Investment Management Inc. bought a new stake in Gold.com in the 4th quarter worth approximately $32,408,000. Jacobs Levy Equity Management Inc. bought a new stake in Gold.com in the 4th quarter worth approximately $17,971,000. Geode Capital Management LLC bought a new stake in Gold.com in the 4th quarter worth approximately $15,790,000. Finally, State Street Corp bought a new stake in Gold.com in the 4th quarter worth approximately $15,019,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

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.