Gold.com (NYSE:GOLD) Major Shareholder Tether Global Investments Fund Purchases 31,088 Shares of Company Stock

Key Points

• Tether Global Investments Fund purchased 31,088 Gold.com shares at an average $39.87 each, increasing its stake by 10.33% to 332,118 shares worth approximately $13.24 million.
• Gold.com shares traded near $39.91, well below the 52-week high of $66.70. The company recently missed quarterly earnings and revenue estimates, reporting $0.41 EPS and $5.01 billion in revenue.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $58, while institutional investors collectively own 62.85% of the stock.

Gold.com Inc. (NYSE:GOLD - Get Free Report) major shareholder Tether Global Investments Fund bought 31,088 shares of the firm's stock in a transaction on Monday, October 12th. The shares were bought at an average price of $39.87 per share, for a total transaction of $1,239,478.56. Following the completion of the transaction, the insider directly owned 332,118 shares in the company, valued at approximately $13,241,544.66. This represents a 10.33% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Tether Global Investments Fund also recently made the following trade(s):

• On Wednesday, October 7th, Tether Global Investments Fund acquired 1,030 shares of Gold.com stock. The stock was bought at an average price of $39.96 per share, with a total value of $41,158.80.
• On Thursday, September 3rd, Tether Global Investments Fund acquired 100,000 shares of Gold.com stock. The shares were bought at an average cost of $39.30 per share, for a total transaction of $3,930,000.00.

Gold.com Stock Performance

GOLD traded up $0.17 on Tuesday, hitting $39.91. 128,584 shares of the company were exchanged, compared to its average volume of 604,857. The business's fifty day moving average is $44.30 and its 200 day moving average is $42.97. Gold.com Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $66.70. The firm has a market capitalization of $1.16 billion, a P/E ratio of 13.66 and a beta of 0.71.

Gold.com (NYSE:GOLD - Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.55). The firm had revenue of $5.01 billion for the quarter, compared to analysts' expectations 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 last year, the firm earned $0.41 EPS. Analysts forecast that Gold.com Inc. will post 3.73 EPS for the current fiscal year.

Gold.com Dividend Announcement

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

Analyst Ratings Changes

GOLD has been the topic of a number of research reports. 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Gold.com in a report on Monday, August 17th. Wall Street Zen upgraded shares of Gold.com from a "sell" rating to a "hold" rating in a research report on Saturday. Canaccord Genuity Group lowered their target price on Gold.com from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday, September 3rd. Finally, Zacks Research downgraded Gold.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Gold.com has an average rating of "Moderate Buy" and an average target price of $58.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Empowered Funds LLC increased its stake in Gold.com by 42.5% in the first quarter. Empowered Funds LLC now owns 277,029 shares of the company's stock valued at $11,103,000 after purchasing an additional 82,637 shares during the last quarter. Pacer Advisors Inc. purchased a new position in Gold.com during the fourth quarter worth about $6,185,000. Bank of New York Mellon Corp acquired a new stake in Gold.com in the 2nd quarter worth about $7,143,000. Counterpoint Mutual Funds LLC boosted its stake in Gold.com by 740.1% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company's stock worth $5,000,000 after buying an additional 109,910 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Gold.com in the 1st quarter worth about $4,836,000. 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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