Gold.com (NYSE:GOLD) Director Sells $825,872.00 in Stock

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 14,540 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $56.80, for a total transaction of $825,872.00. Following the transaction, the director owned 530,124 shares in the company, valued at $30,111,043.20. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Gold.com Stock Down 3.8%

Shares of Gold.com stock opened at $52.50 on Monday. Gold.com Inc. has a 12-month low of $19.39 and a 12-month high of $66.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.66. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 111.70 and a beta of 0.40.

Gold.com (NYSE:GOLD) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.70 by $0.21. The business had revenue of $6.48 billion for the quarter, compared to analyst estimates of $3.41 billion. Gold.com had a return on equity of 7.56% and a net margin of 0.08%.

Gold.com Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, February 20th. Gold.com’s payout ratio is presently 170.21%.

Institutional Investors Weigh In On Gold.com

Several hedge funds have recently modified their holdings of GOLD. CWM LLC acquired a new stake in shares of Gold.com in the fourth quarter worth $35,000. Larson Financial Group LLC acquired a new position in shares of Gold.com during the 4th quarter valued at $41,000. Caitong International Asset Management Co. Ltd purchased a new stake in Gold.com during the 4th quarter worth $42,000. State of Alaska Department of Revenue acquired a new stake in Gold.com in the 4th quarter valued at $44,000. Finally, New York State Teachers Retirement System acquired a new stake in Gold.com in the 4th quarter valued at $55,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GOLD. DA Davidson raised their price target on Gold.com from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Roth Mkm set a $60.00 price objective on shares of Gold.com in a research report on Wednesday, January 28th. Northland Securities raised shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a research note on Friday, February 6th. Weiss Ratings initiated coverage on shares of Gold.com in a report on Wednesday, January 14th. They set a “hold (c-)” rating for the company. Finally, Zacks Research upgraded shares of Gold.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Gold.com has a consensus rating of “Buy” and a consensus target price of $59.00.

About Gold.com

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.