Insider Selling: Gold.com (NYSE:GOLD) CEO Sells $458,300.00 in Stock

Key Points

• CEO Gregory Roberts sold 10,000 Gold.com shares for approximately $458,300 at an average price of $45.83, reducing his direct holdings by 26.18% to 28,202 shares.
• Gold.com recently reported disappointing quarterly results, with EPS of $0.41 versus the $0.96 consensus estimate and revenue of $5.01 billion versus expectations of $5.67 billion.
• The company announced a $0.20 special dividend payable September 28 to shareholders of record September 16. Analysts maintain a “Moderate Buy” consensus with an average price target of $58, compared with the stock’s recent price of $48.13.

Gold.com Inc. (NYSE:GOLD - Get Free Report) CEO Gregory Roberts sold 10,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $45.83, for a total value of $458,300.00. Following the transaction, the chief executive officer directly owned 28,202 shares in the company, valued at approximately $1,292,497.66. This represents a 26.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Gold.com Price Performance

GOLD traded down $0.09 on Monday, hitting $48.13. The company had a trading volume of 212,858 shares, compared to its average volume of 616,001. The company's fifty day moving average price is $42.99 and its 200 day moving average price is $44.05. Gold.com Inc. has a 1-year low of $23.00 and a 1-year high of $66.70. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 16.49 and a beta of 0.56.

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). Gold.com had a net margin of 0.32% and a return on equity of 17.22%. The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same quarter last year, the business earned $0.41 EPS. On average, sell-side analysts forecast 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 paid a $0.20 dividend. The ex-dividend date is Wednesday, September 16th. Gold.com's dividend payout ratio (DPR) is presently 27.40%.

Wall Street Analysts Forecast Growth

GOLD has been the subject of a number of recent analyst reports. Zacks Research cut shares of Gold.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Wall Street Zen downgraded Gold.com from a "hold" rating to a "sell" rating in a research report on Saturday. Northland Securities set a $55.00 price target on 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. Finally, Canaccord Genuity Group reduced their price objective on Gold.com from $70.00 to $65.00 and set a "buy" rating for the company in a research report on Thursday, September 3rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

Institutional Investors Weigh In On Gold.com

Several institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System increased its position in shares of Gold.com by 3,975.9% during the 2nd quarter. California State Teachers Retirement System now owns 1,183,264 shares of the company's stock worth $49,236,000 after purchasing an additional 1,154,233 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in Gold.com in the fourth quarter valued at about $40,273,000. Charles Schwab Investment Management Inc. bought a new position in shares of Gold.com in the fourth quarter valued at approximately $32,408,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Gold.com in the 4th quarter worth approximately $17,971,000. Finally, Geode Capital Management LLC acquired a new position in shares of Gold.com in the 4th quarter worth approximately $15,790,000. Institutional investors and hedge funds 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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