Renaissance Technologies LLC Acquires New Position in Gold.com Inc. $GOLD

Key Points

• Renaissance Technologies acquired 120,668 shares of Gold.com worth approximately $4.84 million, representing about 0.42% of the company. Institutional investors collectively own 62.85% of the stock.
• Gold.com reported quarterly EPS of $3.06, beating the $1.44 consensus estimate, while revenue reached $10.35 billion versus expectations of $4.81 billion. Analysts maintain a “Moderate Buy” consensus with a $59.75 average price target.
• The stock opened at $41.99 and has traded between $21.60 and $66.70 over the past year. Insider activity was mixed: the CEO sold 40,000 shares, while a major shareholder purchased 58,536 shares.

Renaissance Technologies LLC acquired a new stake in shares of Gold.com Inc. (NYSE:GOLD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 120,668 shares of the company's stock, valued at approximately $4,836,000. Renaissance Technologies LLC owned approximately 0.42% of Gold.com as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. CWM LLC acquired a new stake in shares of Gold.com during the 4th quarter valued at approximately $35,000. Larson Financial Group LLC bought a new position in Gold.com during the fourth quarter worth $41,000. Caitong International Asset Management Co. Ltd acquired a new position in Gold.com in the fourth quarter worth $42,000. State of Alaska Department of Revenue acquired a new position in Gold.com in the fourth quarter worth $44,000. Finally, New York State Teachers Retirement System bought a new stake in Gold.com during the fourth quarter valued at $55,000. Institutional investors own 62.85% of the company's stock.

Gold.com Stock Performance

GOLD stock opened at $41.99 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 14.38 and a beta of 0.54. Gold.com Inc. has a 1 year low of $21.60 and a 1 year high of $66.70. The stock's fifty day moving average is $41.30 and its two-hundred day moving average is $45.57.

Gold.com (NYSE:GOLD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $1.62. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $4.81 billion. On average, research analysts predict that Gold.com Inc. will post 5.31 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Gold.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. DA Davidson reaffirmed a "buy" rating and set a $60.00 price objective on shares of Gold.com in a research report on Tuesday, April 28th. Canaccord Genuity Group initiated coverage on shares of Gold.com in a research note on Tuesday, June 9th. They set a "buy" rating and a $70.00 price objective on the stock. Roth Capital set a $52.00 target price on shares of Gold.com in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded Gold.com from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.75.

Insider Activity

In other Gold.com news, CEO Gregory N. Roberts sold 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total value of $1,663,200.00. Following the sale, the chief executive officer owned 28,202 shares in the company, valued at approximately $1,172,639.16. This trade represents a 58.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Tether Global Investments Fund purchased 58,536 shares of the business's stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $43.11 per share, for a total transaction of $2,523,486.96. Following the acquisition, the insider owned 200,000 shares of the company's stock, valued at approximately $8,622,000. The trade was a 41.38% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 200,000 shares of company stock worth $8,242,055. 0.63% of the stock is currently owned by insiders.

Gold.com Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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 various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.

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