Gold.com (NYSE:GOLD) Downgraded to Hold Rating by Zacks Research

Gold.com (NYSE:GOLD) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

GOLD has been the subject of several other research reports. Weiss Ratings upgraded shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Canaccord Genuity Group initiated coverage on shares of Gold.com in a research note on Tuesday, June 9th. They set a “buy” rating and a $70.00 target price for the company. DA Davidson restated a “buy” rating and issued a $60.00 target price on shares of Gold.com in a research report on Tuesday, April 28th. Finally, Roth Mkm set a $52.00 price target on shares of Gold.com in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.75.

Gold.com Stock Up 3.1%

NYSE GOLD opened at $43.86 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18. Gold.com has a 52 week low of $20.55 and a 52 week high of $66.70. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 15.02 and a beta of 0.55. The business’s fifty day moving average is $42.58.

Gold.com (NYSE:GOLD) last released its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $1.62. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $4.81 billion. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. Research analysts expect that Gold.com will post 5.31 EPS for the current year.

Gold.com declared that its Board of Directors has initiated a share repurchase plan on Wednesday, April 8th that permits the company to buyback 2,000,000,000,000 shares. This buyback authorization permits the company to purchase up to 7.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Gold.com

In other news, major shareholder Tether Global Investments Fund acquired 530,338 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were bought at an average price of $44.50 per share, with a total value of $23,600,041.00. Following the purchase, the insider owned 3,370,787 shares of the company’s stock, valued at approximately $150,000,021.50. This represents a 18.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory N. Roberts sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total value of $1,663,200.00. Following the transaction, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at $1,172,639.16. This represents a 58.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have bought 730,338 shares of company stock worth $31,842,096. 0.63% of the stock is owned by insiders.

Hedge Funds Weigh In On Gold.com

Hedge funds have recently made changes to their positions in the business. CWM LLC acquired a new position in Gold.com in the fourth quarter worth approximately $35,000. Larson Financial Group LLC acquired a new stake in shares of Gold.com during the fourth quarter worth $41,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Gold.com in the 4th quarter valued at $42,000. State of Alaska Department of Revenue purchased a new position in Gold.com in the 4th quarter worth about $44,000. Finally, New York State Teachers Retirement System acquired a new stake in Gold.com during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Gold.com Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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 various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.