Insider Selling: Gold.com (NYSE:GOLD) Director Sells $803,136.00 in Stock

Key Points

• Gold.com director Jeffrey Benjamin sold 18,048 shares at an average price of $44.50, generating $803,136 and reducing his direct stake by 6.46% to 261,546 shares.
• Gold.com’s shares traded around $44.71, while the company’s latest quarterly results missed expectations: EPS was $0.41 versus a $0.96 consensus estimate, and revenue was $5.01 billion versus $5.67 billion expected.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a $58 price target; the company also announced a $0.20 special dividend payable September 28 to eligible shareholders.

Gold.com Inc. (NYSE:GOLD - Get Free Report) Director Jeffrey Benjamin sold 18,048 shares of Gold.com stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $44.50, for a total transaction of $803,136.00. Following the completion of the transaction, the director directly owned 261,546 shares in the company, valued at approximately $11,638,797. The trade was a 6.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Gold.com Price Performance

Shares of GOLD traded up $0.91 during midday trading on Tuesday, hitting $44.71. The stock had a trading volume of 690,883 shares, compared to its average volume of 622,904. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 15.31 and a beta of 0.56. The company has a 50 day simple moving average of $43.59 and a two-hundred day simple moving average of $43.61. Gold.com Inc. has a twelve month low of $23.00 and a twelve month high of $66.70.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($0.55). The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.67 billion. Gold.com had a return on equity of 17.22% and a net margin of 0.32%.During the same quarter in the previous year, the business posted $0.41 earnings per share. Analysts forecast that Gold.com Inc. will post 3.73 EPS for the current fiscal year.

Gold.com Dividend Announcement

The firm also recently disclosed 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 payout ratio is currently 27.40%.

Analysts Set New Price Targets

GOLD has been the topic of several recent research reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of Gold.com in a research note on Monday, August 17th. DA Davidson restated a "buy" rating and set a $60.00 price objective on shares of Gold.com in a research note on Thursday, September 3rd. Canaccord Genuity Group reduced their price objective on shares of Gold.com from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday, September 3rd. Zacks Research cut Gold.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Finally, Northland Securities set a $55.00 target price on Gold.com in a research 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. According to data from MarketBeat, Gold.com presently has an average rating of "Moderate Buy" and an average target price of $58.00.

Institutional Investors Weigh In On Gold.com

A number of large investors have recently added to or reduced their stakes in GOLD. Larson Financial Group LLC acquired a new stake in shares of Gold.com during the 4th quarter worth about $41,000. SkyView Investment Advisors LLC acquired a new position in Gold.com in the 2nd quarter valued at about $125,000. Caitong International Asset Management Co. Ltd acquired a new position in Gold.com in the 4th quarter valued at about $129,000. Integrated Wealth Concepts LLC bought a new position in Gold.com in the 2nd quarter valued at about $225,000. Finally, Arizona State Retirement System raised its holdings in 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 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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