Gold.com (NYSE:GOLD) Trading Down 5.7% Following Insider Selling

Gold.com Inc. (NYSE:GOLD)’s stock price traded down 5.7% during mid-day trading on Friday following insider selling activity. The company traded as low as $44.60 and last traded at $44.2080. Approximately 106,834 shares changed hands during trading, a decline of 83% from the average daily volume of 614,510 shares. The stock had previously closed at $46.87.

Specifically, Director Jeffrey Benjamin sold 3,652 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $47.07, for a total value of $171,899.64. Following the completion of the transaction, the director owned 300,613 shares in the company, valued at approximately $14,149,853.91. This represents a 1.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey Benjamin sold 18,973 shares of Gold.com stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $47.82, for a total value of $907,288.86. Following the transaction, the director owned 304,265 shares in the company, valued at approximately $14,549,952.30. This trade represents a 5.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In related news, Director Moorhead John sold 1,000 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $47.34, for a total value of $47,340.00. Following the completion of the transaction, the director owned 27,756 shares in the company, valued at $1,313,969.04. This trade represents a 3.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Analyst Ratings Changes

A number of analysts have recently issued reports on GOLD shares. Zacks Research lowered Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Wall Street Zen lowered Gold.com from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. DA Davidson reaffirmed 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 dropped their target price 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 equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Gold.com currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Gold.com Stock Down 4.7%

The company has a 50-day moving average price of $43.36 and a 200-day moving average price of $43.78. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 15.28 and a beta of 0.56.

Gold.com (NYSE:GOLD) last announced its earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.55). The business 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 quarter in the previous year, the company earned $0.41 EPS. Equities analysts expect that Gold.com Inc. will post 3.73 EPS for the current fiscal year.

Gold.com Announces Dividend

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

Institutional Investors Weigh In On Gold.com

Several hedge funds and other institutional investors have recently modified their holdings of GOLD. Larson Financial Group LLC acquired a new position in Gold.com during the 4th quarter valued at $41,000. SkyView Investment Advisors LLC acquired a new stake in Gold.com in the 2nd quarter worth $125,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Gold.com during the 4th quarter worth about $129,000. Integrated Wealth Concepts LLC bought a new position in shares of Gold.com during the 2nd quarter worth about $225,000. Finally, Arizona State Retirement System raised its position in shares of Gold.com by 7.1% during the second quarter. Arizona State Retirement System now owns 5,435 shares of the company’s stock valued at $226,000 after buying an additional 359 shares during the last quarter. Institutional investors and hedge funds own 62.85% of the company’s stock.

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.