Gold.com (NYSE:GOLD) Major Shareholder Purchases $3,930,000.00 in Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 100,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was purchased at an average price of $39.30 per share, for a total transaction of $3,930,000.00. Following the acquisition, the insider directly owned 300,000 shares in the company, valued at $11,790,000. This represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Gold.com Stock Down 7.1%

Shares of Gold.com stock opened at $45.81 on Friday. Gold.com Inc. has a 1-year low of $23.00 and a 1-year high of $66.70. The company has a market capitalization of $1.33 billion, a PE ratio of 15.69 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) last released 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 return on equity of 18.15% and a net margin of 0.32%.The business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same quarter last year, the firm posted $0.41 EPS. As a group, equities analysts forecast that Gold.com Inc. will post 3.73 EPS for the current fiscal year.

Gold.com Announces Dividend

The firm also recently announced a special dividend, which will be paid on Monday, September 28th. Shareholders 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 dividend payout ratio is presently 27.40%.

Hedge Funds Weigh In On Gold.com

A number of large investors have recently bought and sold shares of GOLD. WINTON GROUP Ltd boosted its stake in Gold.com by 7.6% in the second quarter. WINTON GROUP Ltd now owns 9,900 shares of the company’s stock valued at $412,000 after acquiring an additional 700 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Gold.com during the 2nd quarter worth approximately $225,000. Squarepoint Ops LLC bought a new stake in shares of Gold.com in the 2nd quarter worth approximately $387,000. Arizona State Retirement System boosted its position in Gold.com by 7.1% during the 2nd quarter. Arizona State Retirement System now owns 5,435 shares of the company’s stock valued at $226,000 after purchasing an additional 359 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Gold.com during the 2nd quarter valued at approximately $358,000. Institutional investors own 62.85% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GOLD. Zacks Research lowered shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Northland Securities set a $55.00 price objective on shares of Gold.com in a research note on Thursday, September 3rd. DA Davidson reissued a “buy” rating and set a $60.00 price objective on shares of Gold.com in a report on Thursday, September 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Finally, Canaccord Genuity Group cut their target price on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Key Stories Impacting Gold.com

Here are the key news stories impacting Gold.com this week:

• Positive Sentiment: Major shareholder increased its stake: Tether Global Investments Fund bought 100,000 GOLD shares at an average price of $39.30, increasing its holdings by 50% to 300,000 shares. The purchase may signal confidence in Gold.com’s longer-term prospects. Tether Global Investments Fund buys shares
• Positive Sentiment: Special dividend provides shareholder support: Gold.com declared a $0.20-per-share special dividend payable September 28 to shareholders of record September 16. The dividend may help sustain interest in the stock ahead of the ex-dividend date.
• Positive Sentiment: Analyst sentiment remains favorable: Four analysts rate the shares Buy and two rate them Hold, producing a consensus “Moderate Buy” rating and an average price target of $58. Canaccord maintained Buy coverage despite reducing its target to $65, while DA Davidson and Northland Securities set targets of $60 and $55, respectively.
• Neutral Sentiment: Gold-price exposure remains a mixed factor: Gold.com’s wholesale, direct-to-consumer and secured-lending operations can benefit from elevated precious-metals prices, but revenue and earnings may remain volatile as trading activity and customer demand fluctuate.
• Negative Sentiment: Quarterly results missed expectations: Fiscal fourth-quarter EPS was $0.41 versus the $0.96 consensus estimate, while revenue of $5.01 billion missed the $5.67 billion forecast. Although revenue increased 99% year over year, it fell 52% sequentially, alongside declines in EBITDA and new-customer growth. Gold.com Q4 results
• Negative Sentiment: Multiple executives sold shares: CEO Gregory Roberts sold 40,000 shares across September 8–9, reducing his position by roughly 47%. COO Brian Aquilino sold 6,667 shares, and EVP Carol Meltzer sold 4,000 shares, cutting their holdings by 50% and 72.73%, respectively. The cluster of sales may raise concerns about near-term insider confidence.

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.