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

Key Points

• Wall Street Zen downgraded Gold.com to “sell” from “hold,” although the broader analyst consensus remains “Moderate Buy” with a $58 average price target.
• Gold.com reported quarterly EPS of $0.41, missing the $0.96 consensus estimate, while revenue of $5.01 billion also fell short of the $5.67 billion forecast.
• The stock opened at $48.13, well below its 52-week high of $66.70. A major shareholder increased its position by 50%, but insiders collectively sold about $2.44 million of shares over the past three months.

Gold.com (NYSE:GOLD - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday, Wall Street Zen reports.

Several other brokerages also recently commented on GOLD. DA Davidson reaffirmed a "buy" rating and set a $60.00 target price on shares of Gold.com in a report on Thursday, September 3rd. Northland Securities set a $55.00 price target on Gold.com in a research report on Thursday, September 3rd. Canaccord Genuity Group dropped their price target on Gold.com from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, September 3rd. Zacks Research downgraded Gold.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Gold.com in a research note on Monday, August 17th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

Gold.com Price Performance

NYSE GOLD opened at $48.13 on Friday. The stock has a market capitalization of $1.40 billion, a P/E ratio of 16.48 and a beta of 0.56. Gold.com has a 1 year low of $23.00 and a 1 year high of $66.70. The business's fifty day moving average is $42.99 and its two-hundred day moving average is $44.14. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18.

Gold.com (NYSE:GOLD - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.41 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 analyst estimates of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 18.15%. During the same quarter last year, the company posted $0.41 EPS. On average, research analysts forecast that Gold.com will post 3.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gold.com news, major shareholder Tether Global Investments Fund bought 100,000 shares of the firm's stock in a transaction dated Thursday, September 3rd. The stock was acquired at an average price of $39.30 per share, with a total value of $3,930,000.00. Following the completion of the transaction, the insider directly owned 300,000 shares in the company, valued at approximately $11,790,000. This represents a 50.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carol Meltzer sold 4,000 shares of Gold.com stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $46.86, for a total value of $187,440.00. Following the transaction, the executive vice president owned 1,500 shares in the company, valued at $70,290. This represents a 72.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 50,667 shares of company stock worth $2,437,822 over the last three months. Company insiders own 0.63% of the company's stock.

Institutional Investors Weigh In On Gold.com

Institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC acquired a new position in shares of Gold.com in the 4th quarter valued at about $41,000. Caitong International Asset Management Co. Ltd purchased a new position in Gold.com during the fourth quarter valued at approximately $42,000. CANADA LIFE ASSURANCE Co purchased a new position in Gold.com during the fourth quarter valued at approximately $76,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Gold.com in the 4th quarter valued at approximately $182,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Gold.com during the 2nd quarter valued at $225,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

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.

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