53,088 Shares of Gold.com Inc. $GOLD Purchased by Inspire Investing LLC

Key Points

• Inspire Investing LLC acquired 53,088 Gold.com shares worth approximately $2.26 million, while institutional investors collectively own 62.85% of the company.
• Insider activity was mixed: CEO Gregory Roberts sold 25,000 shares, while major shareholder Tether Global Investments Fund bought 100,000 shares. Insiders own 16.50% of Gold.com.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $58 price target, although Gold.com recently missed quarterly earnings and revenue estimates.

Inspire Investing LLC acquired a new position in shares of Gold.com Inc. (NYSE:GOLD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 53,088 shares of the company's stock, valued at approximately $2,260,000. Inspire Investing LLC owned 0.18% of Gold.com as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its stake 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 buying an additional 371 shares during the period. SkyView Investment Advisors LLC acquired a new stake in Gold.com during the second quarter worth about $125,000. Integrated Wealth Concepts LLC acquired a new stake in Gold.com during the second quarter worth about $225,000. Arizona State Retirement System grew its position in 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 buying an additional 359 shares in the last quarter. Finally, OP Asset Management Ltd bought a new position in Gold.com during the first quarter valued at about $228,000. Institutional investors and hedge funds own 62.85% of the company's stock.

Insider Buying and Selling

In other Gold.com news, CEO Gregory N. Roberts sold 25,000 shares of the firm's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $49.36, for a total transaction of $1,234,000.00. Following the completion of the transaction, the chief executive officer owned 28,202 shares in the company, valued at $1,392,050.72. This trade represents a 46.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Tether Global Investments Fund acquired 100,000 shares of the firm's stock in a transaction on Thursday, September 3rd. The shares were bought at an average cost of $39.30 per share, for a total transaction of $3,930,000.00. Following the completion of the acquisition, the insider directly owned 300,000 shares of the company's stock, valued at approximately $11,790,000. This represents a 50.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 200,000 shares of company stock valued at $7,913,179 and sold 124,859 shares valued at $5,835,628. Company insiders own 16.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GOLD shares. Zacks Research lowered Gold.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. 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. Canaccord Genuity Group reduced their price objective on Gold.com from $70.00 to $65.00 and set a "buy" rating for the company in a research report on Thursday, September 3rd. Wall Street Zen raised Gold.com from a "sell" rating to a "hold" rating in a report on Saturday, October 10th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Gold.com in a research report on Monday, August 17th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Gold.com has an average rating of "Moderate Buy" and a consensus price target of $58.00.

Gold.com Price Performance

Shares of Gold.com stock opened at $38.40 on Monday. Gold.com Inc. has a 52-week low of $23.00 and a 52-week high of $66.70. The firm has a market capitalization of $1.12 billion, a PE ratio of 13.15 and a beta of 0.71. The company's fifty day moving average price is $43.48 and its two-hundred day moving average price is $42.85.

Gold.com (NYSE:GOLD - Get Free Report) last released 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 business had revenue of $5.01 billion for 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 period in the previous year, the business posted $0.41 earnings per share. Analysts predict that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.

Gold.com Announces Dividend

The firm also recently announced a special dividend, which was paid on Monday, September 28th. Investors of record on Wednesday, September 16th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. Gold.com's payout ratio is presently 27.40%.

Gold.com 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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