Carol Meltzer Sells 4,000 Shares of Gold.com (NYSE:GOLD) Stock

Key Points

• Executive sale: Gold.com EVP Carol Meltzer sold 4,000 shares at an average price of $46.86, generating $187,440. Her remaining stake fell 72.73% to 1,500 shares.
• Mixed performance: Shares rose 3.6% to $49.18, but the company’s latest quarterly results missed expectations, with EPS of $0.41 versus the $0.96 consensus and revenue of $5.01 billion versus $5.67 billion expected.
• Investor outlook: Gold.com announced a special $0.20 dividend, while analysts maintain a “Moderate Buy” consensus with an average price target of $58.00. Institutional investors own 62.85% of the stock.

Gold.com Inc. (NYSE:GOLD - Get Free Report) EVP Carol Meltzer sold 4,000 shares of Gold.com stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $46.86, for a total value of $187,440.00. Following the completion of the transaction, the executive vice president owned 1,500 shares in the company, valued at approximately $70,290. This represents a 72.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Gold.com Trading Up 3.6%

GOLD stock traded up $1.71 during trading on Wednesday, hitting $49.18. 382,295 shares of the company traded hands, compared to its average volume of 613,846. The firm has a market capitalization of $1.43 billion, a PE ratio of 16.83 and a beta of 0.56. Gold.com Inc. has a 1 year low of $22.00 and a 1 year high of $66.70. The company has a 50-day moving average of $42.73 and a 200-day moving average of $44.27. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18.

Gold.com (NYSE:GOLD - Get Free Report) last posted 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). Gold.com had a return on equity of 18.15% and a net margin of 0.32%.The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter in the previous year, the business earned $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 Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Gold.com in a research report on Monday, August 17th. Canaccord Genuity Group decreased their price objective on shares of Gold.com from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Thursday, September 3rd. Zacks Research lowered shares of Gold.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Northland Securities set a $55.00 target price on Gold.com in a research note on Thursday, September 3rd. Finally, DA Davidson restated a "buy" rating and set a $60.00 price target on shares of Gold.com 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. According to data from MarketBeat, Gold.com presently has an average rating of "Moderate Buy" and a consensus target price of $58.00.

Institutional Trading of Gold.com

Large investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its position in shares of Gold.com by 3,975.9% in the 2nd quarter. California State Teachers Retirement System now owns 1,183,264 shares of the company's stock worth $49,236,000 after acquiring an additional 1,154,233 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Gold.com during the fourth quarter valued at approximately $40,273,000. Charles Schwab Investment Management Inc. purchased a new stake in Gold.com in the fourth quarter worth $32,408,000. Jacobs Levy Equity Management Inc. bought a new position in Gold.com in the fourth quarter worth $17,971,000. Finally, Geode Capital Management LLC bought a new position in Gold.com in the fourth quarter worth $15,790,000. 62.85% of the stock is owned by institutional investors.

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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