Gold.com (NYSE:GOLD) Downgraded by Wall Street Zen to Sell

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

Several other research analysts also recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. DA Davidson reissued a “buy” rating and set a $60.00 price target on shares of Gold.com in a research report on Thursday, September 3rd. Zacks Research downgraded Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Northland Securities set a $55.00 price target on Gold.com in a report on Thursday, September 3rd. Finally, Canaccord Genuity Group reduced their price objective 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. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $58.00.

Gold.com Stock Performance

NYSE:GOLD opened at $48.13 on Friday. 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 company has a market capitalization of $1.40 billion, a P/E ratio of 16.48 and a beta of 0.56. The firm has a 50-day moving average price of $42.99 and a two-hundred day moving average price of $44.14. Gold.com has a twelve month low of $23.00 and a twelve month high of $66.70.

Gold.com (NYSE:GOLD) last announced its quarterly earnings results 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 during 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 18.15%. During the same period last year, the company earned $0.41 EPS. As a group, research analysts expect that Gold.com will post 3.73 earnings per share for the current fiscal year.

Gold.com Announces Dividend

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

Insider Activity

In other Gold.com news, CEO Gregory Roberts sold 25,000 shares of Gold.com stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $49.36, for a total value of $1,234,000.00. Following the completion of the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at approximately $1,392,050.72. The trade was a 46.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carol Meltzer sold 4,000 shares of Gold.com stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $46.86, for a total transaction 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 $70,290. The trade was a 72.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 50,667 shares of company stock worth $2,437,822 in the last three months. 0.63% of the stock is owned by insiders.

Hedge Funds Weigh In On Gold.com

Several institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC purchased a new position in Gold.com during the fourth quarter worth about $41,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Gold.com during the 4th quarter worth about $42,000. CANADA LIFE ASSURANCE Co purchased a new position in shares of Gold.com during the 4th quarter worth about $76,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Gold.com in the fourth quarter worth approximately $182,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Gold.com in the fourth quarter worth approximately $205,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Gold.com Company Profile

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.