Insider Selling: Gold.com (NYSE:GOLD) Director Sells 7,067 Shares

Key Points

• Gold.com Director Jeffrey Benjamin sold 7,067 shares at an average price of $45.24, generating approximately $319,711. After the transaction, he retained 293,546 shares.
• Gold.com recently missed quarterly expectations, reporting $0.41 in EPS versus a $0.96 consensus and revenue of $5.01 billion versus the $5.67 billion estimate.
• The company declared a $0.20-per-share special dividend, while analysts maintain a “Moderate Buy” consensus with an average price target of $58.00.

Gold.com Inc. (NYSE:GOLD - Get Free Report) Director Jeffrey Benjamin sold 7,067 shares of the stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $45.24, for a total value of $319,711.08. Following the sale, the director owned 293,546 shares of the company's stock, valued at $13,280,021.04. This represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Gold.com Stock Performance

GOLD traded up $0.91 on Tuesday, hitting $44.71. 690,883 shares of the company were exchanged, compared to its average volume of 622,904. The firm has a fifty day simple moving average of $43.59 and a two-hundred day simple moving average of $43.61. The stock has a market capitalization of $1.30 billion, a PE ratio of 15.31 and a beta of 0.56. Gold.com Inc. has a 12 month low of $23.00 and a 12 month high of $66.70.

Gold.com (NYSE:GOLD - Get Free Report) last announced 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). The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 17.22%. During the same quarter in the previous year, the firm posted $0.41 EPS. On average, equities analysts expect that Gold.com Inc. will post 3.73 earnings per share for the current year.

Gold.com Dividend Announcement

The company also recently declared 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 is Wednesday, September 16th. Gold.com's dividend payout ratio is currently 27.40%.

Hedge Funds Weigh In On Gold.com

Large investors have recently made changes to their positions in the business. Jacobs Asset Management LLC purchased a new stake in shares of Gold.com in the fourth quarter worth $10,215,000. CenterBook Partners LP purchased a new position in shares of Gold.com in the 4th quarter worth about $9,171,000. Pacer Advisors Inc. purchased a new position in shares of Gold.com in the 4th quarter worth about $6,185,000. Bank of New York Mellon Corp purchased a new stake in Gold.com during the 2nd quarter valued at about $7,143,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Gold.com during the first quarter valued at approximately $4,836,000. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GOLD shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Gold.com in a report on Monday, August 17th. DA Davidson reiterated a "buy" rating and set a $60.00 target price on shares of Gold.com in a report on Thursday, September 3rd. Wall Street Zen lowered Gold.com from a "hold" rating to a "sell" rating in a research report on Saturday, September 12th. Northland Securities set a $55.00 price objective on shares of Gold.com in a research report on Thursday, September 3rd. Finally, Canaccord Genuity Group reduced 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. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

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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