Gold.com (NYSE:GOLD) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Gold.com from “sell” to “hold.” Other analysts remain generally positive, with four Buy ratings and two Hold ratings, an overall “Moderate Buy” consensus, and an average price target of $58.
• Gold.com shares opened at $40.77, with a 52-week range of $23.00 to $66.70 and a market capitalization of approximately $1.19 billion.
• The company’s latest quarter fell short of expectations, reporting EPS of $0.41 versus a $0.96 consensus estimate and revenue of $5.01 billion versus $5.67 billion expected. Insiders sold roughly $5.84 million of stock over the last quarter.

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

A number of other research analysts have also issued reports on GOLD. DA Davidson reiterated a "buy" rating and set a $60.00 price target on shares of Gold.com in a research note on Thursday, September 3rd. Northland Securities set a $55.00 price objective 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 report on Monday, August 17th. Canaccord Genuity Group lowered their price objective on Gold.com from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday, September 3rd. Finally, Zacks Research cut Gold.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $58.00.

Gold.com Price Performance

Shares of NYSE GOLD opened at $40.77 on Friday. The stock has a fifty day moving average price of $44.35 and a 200 day moving average price of $43.00. Gold.com has a 1-year low of $23.00 and a 1-year high of $66.70. The company has a market cap of $1.19 billion, a PE ratio of 13.96 and a beta of 0.71.

Gold.com (NYSE:GOLD - Get Free Report) last announced its quarterly earnings data 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). Gold.com had a net margin of 0.32% and a return on equity of 17.22%. The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same period in the prior year, the firm posted $0.41 earnings per share. Analysts anticipate that Gold.com will post 3.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Brian Aquilino sold 6,667 shares of Gold.com stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $47.02, for a total transaction of $313,482.34. Following the completion of the transaction, the chief operating officer directly owned 6,667 shares in the company, valued at $313,482.34. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Carol Meltzer sold 4,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 1,500 shares in the company, valued at approximately $70,290. The trade was a 72.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 124,859 shares of company stock valued at $5,835,628. Company insiders own 16.50% of the company's stock.

Hedge Funds Weigh In On Gold.com

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of Gold.com by 127.9% in the third quarter. GAMMA Investing LLC now owns 661 shares of the company's stock valued at $28,000 after acquiring an additional 371 shares in the last quarter. SkyView Investment Advisors LLC purchased a new stake in Gold.com during the 2nd quarter worth about $125,000. Caitong International Asset Management Co. Ltd purchased a new stake in Gold.com during the 4th quarter worth about $129,000. Integrated Wealth Concepts LLC acquired a new position in Gold.com in the 2nd quarter valued at about $225,000. Finally, Arizona State Retirement System raised its stake in Gold.com by 7.1% in the 2nd quarter. Arizona State Retirement System now owns 5,435 shares of the company's stock valued at $226,000 after purchasing an additional 359 shares during the last quarter. Hedge funds and other institutional investors 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.

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