Gold.com (NYSE:GOLD) CEO Sells 10,000 Shares of Stock

Gold.com Inc. (NYSE:GOLD) CEO Gregory Roberts sold 10,000 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $45.83, for a total value of $458,300.00. Following the sale, the chief executive officer owned 28,202 shares in the company, valued at $1,292,497.66. The trade was a 26.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Gold.com Price Performance

Shares of NYSE:GOLD traded down $0.09 during midday trading on Monday, reaching $48.13. The company’s stock had a trading volume of 212,858 shares, compared to its average volume of 616,001. The business’s fifty day simple moving average is $42.99 and its 200-day simple moving average is $44.05. Gold.com Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $66.70. The company has a market capitalization of $1.40 billion, a P/E ratio of 16.49 and a beta of 0.56.

Gold.com (NYSE:GOLD) last issued 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). Gold.com had a return on equity of 17.22% and a net margin of 0.32%.The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same quarter last year, the company earned $0.41 EPS. On average, 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. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 16th. Gold.com’s dividend payout ratio is presently 27.40%.

Hedge Funds Weigh In On Gold.com

Large investors have recently bought and sold shares of the business. WINTON GROUP Ltd boosted its stake in Gold.com by 7.6% in the second quarter. WINTON GROUP Ltd now owns 9,900 shares of the company’s stock valued at $412,000 after acquiring an additional 700 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Gold.com during the 2nd quarter valued at $225,000. Squarepoint Ops LLC acquired a new position in shares of Gold.com in the 2nd quarter valued at $387,000. Arizona State Retirement System lifted its stake in shares of Gold.com by 7.1% in the 2nd quarter. Arizona State Retirement System now owns 5,435 shares of the company’s stock valued at $226,000 after purchasing an additional 359 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Gold.com in the 2nd quarter worth $358,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOLD has been the subject of several research analyst reports. Northland Securities set a $55.00 price objective on shares of Gold.com in a research report on Thursday, September 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th. DA Davidson restated a “buy” rating and set a $60.00 target price on shares of Gold.com in a research report on Thursday, September 3rd. Wall Street Zen lowered Gold.com from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Gold.com presently has an average rating of “Moderate Buy” and an average price target of $58.00.

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.