Insider Selling: Gold.com (NYSE:GOLD) Director Sells 3,652 Shares of Stock

Key Points

• Director Jeffrey Benjamin sold 3,652 Gold.com shares at an average price of $47.07, generating approximately $171,900 and reducing his direct holdings by 1.2% to 300,613 shares.
• Gold.com shares fell to $44.07, while the company’s latest quarterly results missed estimates, reporting $0.41 in EPS versus $0.96 expected and revenue of $5.01 billion versus $5.67 billion forecast.
• The company declared a $0.20-per-share special dividend, and analysts maintain a “Moderate Buy” consensus with an average price target of $58.00, despite some recent rating and target-price reductions.

Gold.com Inc. (NYSE:GOLD - Get Free Report) Director Jeffrey Benjamin sold 3,652 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $47.07, for a total value of $171,899.64. Following the transaction, the director directly owned 300,613 shares in the company, valued at approximately $14,149,853.91. This represents a 1.20% 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

Shares of GOLD stock traded down $2.80 during trading on Friday, reaching $44.07. The company had a trading volume of 216,224 shares, compared to its average volume of 615,137. The firm's 50 day simple moving average is $43.36 and its two-hundred day simple moving average is $43.78. Gold.com Inc. has a one year low of $23.00 and a one year high of $66.70. The company has a market capitalization of $1.28 billion, a PE ratio of 15.09 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. Analysts forecast that Gold.com Inc. will post 3.73 earnings per share for the current year.

Gold.com Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Zacks Research lowered shares of Gold.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. DA Davidson reiterated a "buy" rating and issued a $60.00 target price on shares of Gold.com in a research note on Thursday, September 3rd. Canaccord Genuity Group dropped their price target on Gold.com from $70.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, September 3rd. Northland Securities set a $55.00 price objective on Gold.com in a research note on Thursday, September 3rd. Finally, Wall Street Zen lowered Gold.com from a "hold" rating to a "sell" rating in a research note on Saturday, September 12th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Gold.com currently has an average rating of "Moderate Buy" and an average target price of $58.00.

Hedge Funds Weigh In On Gold.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOLD. Arizona State Retirement System increased its stake in shares of 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. Swiss National Bank boosted its stake in Gold.com by 1.4% during the 1st quarter. Swiss National Bank now owns 36,500 shares of the company's stock worth $1,463,000 after acquiring an additional 500 shares during the last quarter. WINTON GROUP Ltd grew its holdings in Gold.com by 7.6% during the second quarter. WINTON GROUP Ltd now owns 9,900 shares of the company's stock valued at $412,000 after purchasing an additional 700 shares during the period. Larson Financial Group LLC bought a new stake in Gold.com in the fourth quarter valued at approximately $41,000. Finally, Hsbc Holdings PLC raised its holdings in Gold.com by 16.9% in the first quarter. Hsbc Holdings PLC now owns 9,593 shares of the company's stock worth $384,000 after purchasing an additional 1,390 shares during the period. 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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