Carol Meltzer Sells 4,000 Shares of Gold.com (NYSE:GOLD) Stock

Gold.com Inc. (NYSE:GOLD) EVP Carol Meltzer sold 4,000 shares of Gold.com stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $46.86, for a total value of $187,440.00. Following the completion of the sale, the executive vice president directly owned 1,500 shares of the company’s stock, valued at approximately $70,290. The trade was a 72.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Gold.com Stock Down 7.1%

GOLD stock opened at $45.81 on Friday. Gold.com Inc. has a 1-year low of $23.00 and a 1-year high of $66.70. The business has a fifty day moving average price of $42.90 and a 200-day moving average price of $44.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29. The stock has a market capitalization of $1.33 billion, a P/E ratio of 15.69 and a beta of 0.56.

Gold.com (NYSE:GOLD) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.55). Gold.com had a net margin of 0.32% and a return on equity of 18.15%. The business had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $5.67 billion. During the same period last year, the business earned $0.41 earnings per share. Equities analysts forecast that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.

Gold.com Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GOLD. Northland Securities set a $55.00 price target on shares of Gold.com in a research note on Thursday, September 3rd. Zacks Research cut shares of Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. DA Davidson reiterated a “buy” rating and set a $60.00 target price on shares of Gold.com in a research note on Thursday, September 3rd. Finally, Canaccord Genuity Group lowered their price target on Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Gold.com presently has an average rating of “Moderate Buy” and an average target price of $58.00.

Institutional Investors Weigh In On Gold.com

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC purchased a new position in shares of Gold.com in the fourth quarter worth approximately $35,000. Larson Financial Group LLC purchased a new stake in Gold.com during the fourth quarter valued at approximately $41,000. Caitong International Asset Management Co. Ltd purchased a new stake in Gold.com during the fourth quarter valued at approximately $42,000. New York State Teachers Retirement System bought a new position in Gold.com in the fourth quarter worth approximately $55,000. Finally, CANADA LIFE ASSURANCE Co bought a new position in Gold.com in the fourth quarter worth approximately $76,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Key Gold.com News

Here are the key news stories impacting Gold.com this week:

• Positive Sentiment: Major shareholder increased its stake: Tether Global Investments Fund bought 100,000 GOLD shares at an average price of $39.30, increasing its holdings by 50% to 300,000 shares. The purchase may signal confidence in Gold.com’s longer-term prospects. Tether Global Investments Fund buys shares
• Positive Sentiment: Special dividend provides shareholder support: Gold.com declared a $0.20-per-share special dividend payable September 28 to shareholders of record September 16. The dividend may help sustain interest in the stock ahead of the ex-dividend date.
• Positive Sentiment: Analyst sentiment remains favorable: Four analysts rate the shares Buy and two rate them Hold, producing a consensus “Moderate Buy” rating and an average price target of $58. Canaccord maintained Buy coverage despite reducing its target to $65, while DA Davidson and Northland Securities set targets of $60 and $55, respectively.
• Neutral Sentiment: Gold-price exposure remains a mixed factor: Gold.com’s wholesale, direct-to-consumer and secured-lending operations can benefit from elevated precious-metals prices, but revenue and earnings may remain volatile as trading activity and customer demand fluctuate.
• Negative Sentiment: Quarterly results missed expectations: Fiscal fourth-quarter EPS was $0.41 versus the $0.96 consensus estimate, while revenue of $5.01 billion missed the $5.67 billion forecast. Although revenue increased 99% year over year, it fell 52% sequentially, alongside declines in EBITDA and new-customer growth. Gold.com Q4 results
• Negative Sentiment: Multiple executives sold shares: CEO Gregory Roberts sold 40,000 shares across September 8–9, reducing his position by roughly 47%. COO Brian Aquilino sold 6,667 shares, and EVP Carol Meltzer sold 4,000 shares, cutting their holdings by 50% and 72.73%, respectively. The cluster of sales may raise concerns about near-term insider confidence.

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.