Gold.com (NYSE:GOLD) Director Sells $617,515.52 in Stock

Key Points

• Director Jeffrey Benjamin sold 13,952 Gold.com shares for approximately $617,516, reducing his ownership by 4.75% to 279,594 shares.
• Gold.com shares rose 2.1% to $44.71, but the company’s latest quarterly results fell short of expectations, with earnings of $0.41 per share versus the $0.96 consensus and revenue of $5.01 billion versus $5.67 billion expected.
• The company announced a $0.20-per-share special dividend, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $58.00.

Gold.com Inc. (NYSE:GOLD - Get Free Report) Director Jeffrey Benjamin sold 13,952 shares of Gold.com stock in a transaction on Monday, September 21st. The shares were sold at an average price of $44.26, for a total value of $617,515.52. Following the transaction, the director owned 279,594 shares in the company, valued at $12,374,830.44. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Gold.com Stock Up 2.1%

GOLD traded up $0.91 during midday trading on Tuesday, reaching $44.71. The company had a trading volume of 690,883 shares, compared to its average volume of 622,904. The business has a 50-day moving average of $43.59 and a two-hundred day moving average of $43.61. The company has a market cap of $1.30 billion, a P/E ratio of 15.31 and a beta of 0.56. Gold.com Inc. has a 1 year low of $23.00 and a 1 year high of $66.70.

Gold.com (NYSE:GOLD - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 17.22%. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, equities research analysts predict that Gold.com Inc. will post 3.73 EPS for the current year.

Gold.com Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. DA Davidson reissued a "buy" rating and issued a $60.00 price objective on shares of Gold.com in a research note on Thursday, September 3rd. 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Gold.com in a report on Monday, August 17th. Zacks Research downgraded 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 price target on Gold.com in a report on Thursday, September 3rd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

Institutional Investors Weigh In On Gold.com

Institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC purchased a new position in shares of Gold.com in the fourth quarter worth $41,000. SkyView Investment Advisors LLC bought a new position in shares of Gold.com during the second quarter worth $125,000. Caitong International Asset Management Co. Ltd purchased a new position in Gold.com during the fourth quarter valued at $129,000. Integrated Wealth Concepts LLC purchased a new position in Gold.com during the second quarter valued at $225,000. Finally, Arizona State Retirement System increased its holdings 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. Institutional investors own 62.85% of the company's stock.

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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