Gold.com (NYSE:GOLD) Director Jeffrey Benjamin Sells 18,973 Shares

Key Points

• Director Jeffrey Benjamin sold 18,973 Gold.com shares at an average price of $47.82, generating approximately $907,289 and reducing his ownership by 5.87% to 304,265 shares.
• Gold.com shares fell 6.0% to $44.07 during Friday trading. The company recently missed quarterly earnings and revenue expectations, reporting $0.41 EPS versus a $0.96 consensus estimate.
• The company declared a $0.20-per-share special dividend, payable September 28 to shareholders of record as of September 16. Analysts maintain a consensus “Moderate Buy” rating with a $58 price target.

Gold.com Inc. (NYSE:GOLD - Get Free Report) Director Jeffrey Benjamin sold 18,973 shares of the business's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $47.82, for a total transaction of $907,288.86. Following the completion of the sale, the director owned 304,265 shares in the company, valued at approximately $14,549,952.30. This trade represents a 5.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Gold.com Trading Down 6.0%

Gold.com stock traded down $2.80 during midday trading on Friday, reaching $44.07. 216,224 shares of the stock traded hands, compared to its average volume of 615,137. The firm has a market cap of $1.28 billion, a PE ratio of 15.07 and a beta of 0.56. Gold.com Inc. has a 12-month low of $23.00 and a 12-month high of $66.70. The company has a 50-day simple moving average of $43.36 and a two-hundred day simple moving average of $43.78.

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

Gold.com Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 16th. Gold.com's payout ratio is currently 27.40%.

Analyst Ratings Changes

Several research firms have commented on GOLD. Canaccord Genuity Group lowered their price target on shares of Gold.com from $70.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, September 3rd. DA Davidson reiterated a "buy" rating and set a $60.00 target price on shares of Gold.com in a research note on Thursday, September 3rd. Wall Street Zen downgraded Gold.com from a "hold" rating to a "sell" rating in a report on Saturday, September 12th. Northland Securities set a $55.00 price objective on Gold.com in a research report on Thursday, September 3rd. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Gold.com in a research report on Monday, August 17th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

Institutional Investors Weigh In On Gold.com

A number of hedge funds and other institutional investors have recently modified their holdings of GOLD. Arizona State Retirement System grew 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 acquiring an additional 359 shares during the last quarter. Swiss National Bank raised its position in Gold.com by 1.4% during the first quarter. Swiss National Bank now owns 36,500 shares of the company's stock worth $1,463,000 after acquiring an additional 500 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in shares of Gold.com by 7.6% in the second quarter. WINTON GROUP Ltd now owns 9,900 shares of the company's stock valued at $412,000 after purchasing an additional 700 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of Gold.com in the fourth quarter valued at about $41,000. Finally, Hsbc Holdings PLC grew its position in shares of Gold.com by 16.9% in the first 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 currently owned by institutional investors and hedge funds.

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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