Gold.com (NYSE:GOLD) Stock Moved Down to Sell by Wall Street Zen

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

Several other equities analysts have also recently issued reports on the stock. Canaccord Genuity Group reduced their price target on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. DA Davidson reaffirmed a “buy” rating and issued a $60.00 price target on shares of Gold.com in a research report on Thursday, September 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Finally, Northland Securities set a $55.00 price target on shares of Gold.com in a report on Thursday, September 3rd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Gold.com Stock Performance

Shares of Gold.com stock opened at $37.98 on Friday. The company has a fifty day moving average of $42.86 and a 200-day moving average of $44.71. Gold.com has a 52-week low of $23.00 and a 52-week high of $66.70. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 13.01 and a beta of 0.71.

Gold.com (NYSE:GOLD) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 17.22%. During the same period last year, the business posted $0.41 earnings per share. On average, equities research analysts forecast that Gold.com will post 3.73 earnings per share for the current fiscal year.

Gold.com Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, September 28th. Investors of record on Wednesday, September 16th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. Gold.com’s dividend payout ratio is currently 27.40%.

Insider Buying and Selling

In other Gold.com news, CEO Gregory Roberts sold 25,000 shares of the stock in a transaction on Wednesday, September 9th. The stock was 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 owned 28,202 shares in the company, valued at approximately $1,392,050.72. This represents a 46.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Benjamin sold 18,973 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $47.82, for a total value of $907,288.86. Following the sale, the director directly owned 304,265 shares in the company, valued at approximately $14,549,952.30. This represents a 5.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders bought 300,000 shares of company stock valued at $11,840,113 and sold 124,859 shares valued at $5,835,628. 16.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gold.com

A number of hedge funds have recently made changes to their positions in the business. Empowered Funds LLC boosted its position in shares of Gold.com by 42.5% during the first quarter. Empowered Funds LLC now owns 277,029 shares of the company’s stock worth $11,103,000 after acquiring an additional 82,637 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Gold.com in the 2nd quarter valued at $7,143,000. Counterpoint Mutual Funds LLC increased its holdings in Gold.com by 740.1% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company’s stock valued at $5,000,000 after acquiring an additional 109,910 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Gold.com in the 1st quarter worth $4,836,000. Finally, Sei Investments Co. lifted its stake in Gold.com by 108.8% in the 1st quarter. Sei Investments Co. now owns 119,993 shares of the company’s stock worth $4,809,000 after purchasing an additional 62,537 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.

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.