Insider Selling: Gold.com (NYSE:GOLD) Director Sells 1,500 Shares

Key Points

• Director Moorhead John sold 1,500 Gold.com shares at an average price of $48.41, generating $72,615 and reducing his direct position by 4.96% to 28,756 shares. He also sold an additional 1,000 shares the following Monday at $47.34 each.
• Gold.com shares recently traded at $48.12, within a 52-week range of $23.00 to $66.70. The company’s latest quarterly results missed expectations, with EPS of $0.41 versus the $0.96 consensus and revenue of $5.01 billion versus $5.67 billion expected.
• 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 $58.00.

Gold.com Inc. (NYSE:GOLD - Get Free Report) Director Moorhead John sold 1,500 shares of the company's stock in a transaction on Friday, September 11th. The stock was sold at an average price of $48.41, for a total transaction of $72,615.00. Following the completion of the transaction, the director directly owned 28,756 shares in the company, valued at approximately $1,392,077.96. The trade was a 4.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Moorhead John also recently made the following trade(s):

• On Monday, September 14th, Moorhead John sold 1,000 shares of Gold.com stock. The shares were sold at an average price of $47.34, for a total value of $47,340.00.

Gold.com Stock Performance

GOLD traded up $0.80 on Tuesday, reaching $48.12. The company had a trading volume of 74,255 shares, compared to its average volume of 615,011. Gold.com Inc. has a 52-week low of $23.00 and a 52-week high of $66.70. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 16.42 and a beta of 0.56. The business has a 50 day simple moving average of $43.05 and a 200 day simple moving average of $43.98.

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 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 analysts' expectations of $5.67 billion. During the same quarter last year, the business posted $0.41 EPS. As a group, equities research analysts predict that Gold.com Inc. will post 3.73 EPS for the current fiscal year.

Gold.com Announces Dividend

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

Hedge Funds Weigh In On Gold.com

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC bought a new position in Gold.com in the 4th quarter worth about $41,000. SkyView Investment Advisors LLC purchased a new stake in Gold.com in the 2nd quarter worth approximately $125,000. Caitong International Asset Management Co. Ltd bought a new stake in Gold.com in the fourth quarter worth $129,000. Integrated Wealth Concepts LLC bought a new stake in Gold.com during the second quarter valued at about $225,000. Finally, Arizona State Retirement System increased its position in Gold.com by 7.1% in the 2nd quarter. Arizona State Retirement System now owns 5,435 shares of the company's stock worth $226,000 after buying an additional 359 shares during the period. Hedge funds and other institutional investors own 62.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on GOLD shares. Northland Securities set a $55.00 price objective on shares of Gold.com in a report on Thursday, September 3rd. DA Davidson restated a "buy" rating and issued a $60.00 target price 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 research note on Monday, August 17th. Zacks Research downgraded shares of Gold.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. Finally, 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 research report on Thursday, September 3rd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $58.00.

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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