Gold.com Inc. (NYSE:GOLD) Stock Has Consensus Price Target of $58.00 According to Brokerages

Key Points

• Analysts maintain a moderately bullish view: Six brokerages give Gold.com a consensus “Moderate Buy” rating, with an average 12-month price target of $58.00 versus the stock’s reported $40.77 opening price.
• Recent operating results fell short of expectations: Gold.com reported quarterly EPS of $0.41 versus the $0.96 consensus estimate, while revenue of $5.01 billion missed the $5.67 billion forecast.
• Insiders have been selling shares while institutions hold a majority stake: Insiders sold 124,859 shares worth $5.84 million in the last quarter, whereas institutional investors own 62.85% of the company. Gold.com also declared a special dividend of $0.20 per share.

Gold.com Inc. (NYSE:GOLD - Get Free Report) has been given an average rating of "Moderate Buy" by the six brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $58.00.

A number of equities analysts have commented on the company. Wall Street Zen raised Gold.com from a "sell" rating to a "hold" rating in a research note on Saturday. DA Davidson reissued a "buy" rating and set a $60.00 price objective on shares of Gold.com in a research note on Thursday, September 3rd. Weiss Ratings reissued a "hold (c+)" rating on shares of Gold.com in a research note on Monday, August 17th. Zacks Research cut shares of Gold.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Finally, Northland Securities set a $55.00 target price on shares of Gold.com in a report on Thursday, September 3rd.

Insider Buying and Selling at Gold.com

In other Gold.com news, CEO Gregory N. Roberts sold 10,000 shares of the firm's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $45.83, for a total value of $458,300.00. Following the sale, the chief executive officer owned 28,202 shares of the company's stock, valued at $1,292,497.66. This trade represents a 26.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Moorhead John sold 1,000 shares of the business's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $47.34, for a total transaction 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. The trade was a 3.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 124,859 shares of company stock valued at $5,835,628 in the last quarter. Company insiders own 16.50% of the company's stock.

Hedge Funds Weigh In On Gold.com

Several hedge funds and other institutional investors have recently modified their holdings of GOLD. Arizona State Retirement System boosted its holdings 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 worth $226,000 after purchasing an additional 359 shares during the period. GAMMA Investing LLC increased its holdings in Gold.com by 127.9% during the 3rd quarter. GAMMA Investing LLC now owns 661 shares of the company's stock valued at $28,000 after purchasing an additional 371 shares during the period. Swiss National Bank increased its holdings in Gold.com by 1.4% during the 1st quarter. Swiss National Bank now owns 36,500 shares of the company's stock valued at $1,463,000 after purchasing an additional 500 shares during the period. WINTON GROUP Ltd increased its holdings in Gold.com by 7.6% during the 2nd quarter. WINTON GROUP Ltd now owns 9,900 shares of the company's stock valued at $412,000 after purchasing an additional 700 shares during the period. Finally, Hsbc Holdings PLC raised its position in Gold.com by 16.9% during the 1st quarter. Hsbc Holdings PLC now owns 9,593 shares of the company's stock valued at $384,000 after purchasing an additional 1,390 shares during the last quarter. 62.85% of the stock is owned by institutional investors.

Gold.com Trading Up 0.2%

GOLD opened at $40.77 on Monday. The company has a market cap of $1.19 billion, a P/E ratio of 13.96 and a beta of 0.71. The business's 50-day moving average price is $44.35 and its 200-day moving average price is $43.00. Gold.com has a 12 month low of $23.00 and a 12 month high of $66.70.

Gold.com (NYSE:GOLD - Get Free Report) last released its earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.55). Gold.com had a net margin of 0.32% and a return on equity of 17.22%. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.67 billion. During the same period last year, the firm posted $0.41 EPS. Equities research analysts forecast that Gold.com will post 3.73 earnings per share for the current fiscal year.

Gold.com Announces Dividend

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

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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