Gold.com (NYSE:GOLD) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Gold.com from “hold” to “sell.” The broader analyst consensus remains “Moderate Buy,” with an average price target of $58 and four Buy ratings versus two Holds.
• Gold.com shares opened at $37.98, below their 50-day and 200-day moving averages, after the company reported quarterly EPS of $0.41—well below the $0.96 consensus estimate—and revenue of $5.01 billion versus expectations of $5.67 billion.
• Insider activity was mixed: a major shareholder purchased roughly $1.09 million of stock, while a director sold about $803,000. Institutional investors and hedge funds own approximately 62.85% of the company.

Gold.com (NYSE:GOLD - Get Free Report) was downgraded by research 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 equities analysts have also issued reports on GOLD. DA Davidson reiterated a "buy" rating and issued a $60.00 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. Northland Securities set a $55.00 target price on shares of Gold.com in a report on Thursday, September 3rd. Finally, Canaccord Genuity Group dropped their target price on shares of Gold.com from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday, September 3rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Gold.com currently has a consensus rating of "Moderate Buy" and an average target price of $58.00.

Gold.com Trading Down 1.5%

GOLD stock opened at $37.98 on Friday. Gold.com has a 1-year low of $23.00 and a 1-year high of $66.70. The firm has a market cap of $1.11 billion, a PE ratio of 13.01 and a beta of 0.71. The business's 50-day moving average price is $42.86 and its two-hundred day moving average price is $44.71.

Gold.com (NYSE:GOLD - Get Free Report) last announced 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). The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.67 billion. Gold.com had a return on equity of 17.22% and a net margin of 0.32%. During the same quarter last year, the company earned $0.41 earnings per share. On average, analysts forecast that Gold.com will post 3.73 earnings per share for the current year.

Insider Buying and Selling

In other Gold.com news, major shareholder Tether Global Investments Fund bought 27,633 shares of the firm's stock in a transaction that occurred on Wednesday, October 28th. The stock was acquired at an average price of $39.39 per share, with a total value of $1,088,463.87. Following the completion of the transaction, the insider owned 500,000 shares in the company, valued at approximately $19,695,000. This trade represents a 5.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey D. Benjamin sold 18,048 shares of Gold.com stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $44.50, for a total transaction of $803,136.00. Following the completion of the sale, the director owned 261,546 shares in the company, valued at $11,638,797. The trade was a 6.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders bought 300,000 shares of company stock worth $11,840,113 and sold 124,859 shares worth $5,835,628. 16.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gold.com

A number of large investors have recently modified their holdings of GOLD. Arizona State Retirement System raised its stake in shares of Gold.com by 7.1% during the 2nd quarter. Arizona State Retirement System now owns 5,435 shares of the company's stock worth $226,000 after purchasing an additional 359 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Gold.com by 127.9% in the 3rd quarter. GAMMA Investing LLC now owns 661 shares of the company's stock valued at $28,000 after buying an additional 371 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in shares of Gold.com by 76.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 966 shares of the company's stock valued at $41,000 after buying an additional 418 shares in the last quarter. Swiss National Bank grew its stake in shares of Gold.com by 1.4% in the first quarter. Swiss National Bank now owns 36,500 shares of the company's stock valued at $1,463,000 after buying an additional 500 shares in the last quarter. Finally, WINTON GROUP Ltd increased its holdings in Gold.com by 7.6% during the second quarter. WINTON GROUP Ltd now owns 9,900 shares of the company's stock worth $412,000 after buying an additional 700 shares during the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.

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.

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