Gold.com (NYSE:GOLD) Trading 6.5% Higher - Time to Buy?

Key Points

• Gold.com shares rose 6.5% to about $48.88, although trading volume was 85% below the average session volume.
• Analysts maintain a generally positive outlook, with four Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $58.
• The company missed quarterly earnings and revenue expectations, but announced a special $0.20-per-share dividend; insider activity was mixed, with a major shareholder buying shares while the COO sold 6,667 shares.

Gold.com Inc. (NYSE:GOLD - Get Free Report)'s share price traded up 6.5% during trading on Friday . The stock traded as high as $48.70 and last traded at $48.8820. 90,325 shares were traded during trading, a decline of 85% from the average session volume of 614,182 shares. The stock had previously closed at $45.88.

Analysts Set New Price Targets

Several brokerages have recently commented on GOLD. Northland Securities set a $55.00 target price on Gold.com in a report on Thursday, September 3rd. Zacks Research cut shares of Gold.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. Weiss Ratings reiterated a "hold (c+)" rating on shares of Gold.com in a research report on Monday, August 17th. Canaccord Genuity Group dropped their price objective on Gold.com from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, September 3rd. Finally, DA Davidson reaffirmed a "buy" rating and issued a $60.00 price target on shares of Gold.com in a research note on Thursday, September 3rd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $58.00.

Gold.com Trading Up 6.1%

The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 16.63 and a beta of 0.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29. The business has a 50-day moving average of $42.90 and a 200-day moving average of $44.11.

Gold.com (NYSE:GOLD - Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates 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 18.15%. During the same quarter in the prior year, the business earned $0.41 earnings per share. Research analysts anticipate that Gold.com Inc. will post 3.73 EPS for the current year.

Gold.com Dividend Announcement

The firm 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 payout ratio is presently 27.40%.

Insider Buying and Selling at Gold.com

In other news, COO Brian Aquilino sold 6,667 shares of Gold.com stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $47.02, for a total value of $313,482.34. Following the completion of the sale, the chief operating officer directly owned 6,667 shares in the company, valued at approximately $313,482.34. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Tether Global Investments Fund purchased 100,000 shares of Gold.com stock in a transaction that occurred on Thursday, September 3rd. The shares were bought at an average cost of $39.30 per share, for a total transaction of $3,930,000.00. Following the transaction, the insider directly owned 300,000 shares of the company's stock, valued at $11,790,000. This represents a 50.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have sold 50,667 shares of company stock worth $2,437,822. 0.63% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Bailard Inc. acquired a new stake in Gold.com during the fourth quarter worth about $211,000. Gamco Investors INC. ET AL bought a new stake in shares of Gold.com during the 4th quarter worth approximately $1,083,000. Larson Financial Group LLC bought a new stake in shares of Gold.com during the 4th quarter worth approximately $41,000. FourThought Financial Partners LLC acquired a new stake in shares of Gold.com during the 4th quarter worth approximately $205,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Gold.com during the 4th quarter worth approximately $15,790,000. Institutional investors own 62.85% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.