Gregory Roberts Sells 25,000 Shares of Gold.com (NYSE:GOLD) Stock

Key Points

• CEO Gregory Roberts sold 25,000 Gold.com shares at an average price of $49.36, generating $1.234 million and reducing his direct stake by 46.99% to 28,202 shares.
• Gold.com shares fell 8.9% to $44.93, following quarterly results that missed expectations: EPS was $0.41 versus the $0.96 consensus, while revenue totaled $5.01 billion against estimates of $5.67 billion.
• The company announced a $0.20-per-share special dividend payable September 28, while analysts maintain a “Moderate Buy” consensus rating and an average price target of $58.

Gold.com Inc. (NYSE:GOLD - Get Free Report) CEO Gregory Roberts sold 25,000 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $49.36, for a total transaction of $1,234,000.00. Following the transaction, the chief executive officer directly owned 28,202 shares in the company, valued at $1,392,050.72. The trade was a 46.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Gold.com Stock Down 8.9%

NYSE:GOLD traded down $4.40 during mid-day trading on Thursday, reaching $44.93. The stock had a trading volume of 371,845 shares, compared to its average volume of 615,814. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 15.44 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. The stock's 50 day simple moving average is $42.87 and its two-hundred day simple moving average is $44.20.

Gold.com (NYSE:GOLD - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($0.55). Gold.com had a return on equity of 18.15% and a net margin of 0.32%.The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.67 billion. During the same period in the prior year, the business earned $0.41 EPS. Equities analysts anticipate 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. Investors of record on Wednesday, September 16th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 16th. Gold.com's payout ratio is presently 27.40%.

Key Headlines Impacting Gold.com

Here are the key news stories impacting Gold.com this week:

• Positive Sentiment: Major shareholder increased its stake: Tether Global Investments Fund bought 100,000 GOLD shares at an average price of $39.30, raising its holdings by 50% to 300,000 shares. The purchase may signal confidence from a significant investor. Tether Global Investments Fund Buys 100,000 Shares of Gold.com Stock
• Positive Sentiment: Special dividend provides shareholder support: Gold.com declared a $0.20-per-share special dividend payable September 28 to shareholders of record September 16. The ex-dividend date is September 16.
• Positive Sentiment: Analyst sentiment remains constructive: The stock has a consensus “Moderate Buy” rating and an average price target of $58. Canaccord Genuity, DA Davidson and Northland Securities maintain targets of $65, $60 and $55, respectively, although Canaccord recently reduced its target from $70.
• Neutral Sentiment: Gold-price exposure remains a double-edged factor: Gold.com’s wholesale, direct-to-consumer and secured-lending businesses can benefit from elevated precious-metals prices, but the company’s results and valuation may remain sensitive to commodity-price volatility.
• Negative Sentiment: Quarterly results missed expectations: Gold.com reported fiscal fourth-quarter EPS of $0.41, versus the $0.96 consensus estimate, while revenue of $5.01 billion trailed expectations of $5.67 billion. Revenue increased 99% year over year but declined 52% sequentially, and EPS, EBITDA and new-customer growth weakened from the prior quarter. Gold.com's Q4 Results Show Why This Stock Is More Than a Gold Bet
• Negative Sentiment: Insider selling may weigh on confidence: COO Brian Aquilino sold 6,667 shares for approximately $313,482, reducing his position by 50%. EVP Carol Meltzer sold 4,000 shares for $187,440, cutting her holdings by 72.73%. The sales were disclosed in SEC filings. Gold.com EVP Carol Meltzer Sells 4,000 Shares

Analysts Set New Price Targets

GOLD has been the subject of several research analyst 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. Northland Securities set a $55.00 target price on Gold.com in a research note on Thursday, September 3rd. Zacks Research downgraded Gold.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Weiss Ratings restated a "hold (c+)" rating on shares of Gold.com in a report on Monday, August 17th. Finally, Canaccord Genuity Group decreased 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. Four 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.

Institutional Investors Weigh In On Gold.com

Several large investors have recently made changes to their positions in GOLD. California State Teachers Retirement System grew its position in Gold.com by 3,975.9% in the second 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 acquired a new stake in shares of Gold.com in the 4th quarter valued at $40,273,000. Charles Schwab Investment Management Inc. bought a new stake in Gold.com in the fourth quarter worth $32,408,000. Jacobs Levy Equity Management Inc. bought a new stake in Gold.com in the fourth quarter worth $17,971,000. Finally, Geode Capital Management LLC acquired a new position in Gold.com during the fourth quarter worth $15,790,000. Institutional investors own 62.85% of the company's stock.

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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