Gold.com (NYSE:GOLD) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Gold.com (NYSE:GOLD) from a hold rating to a sell rating in a research note published on Saturday,Wall Street Zen reports.

A number of other research analysts have also issued reports on GOLD. Canaccord Genuity Group decreased their target price on Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Gold.com in a report 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 report on Thursday, September 3rd. Finally, Northland Securities set a $55.00 price objective on shares of Gold.com in a report on Thursday, September 3rd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Gold.com Stock Up 5.8%

GOLD stock opened at $40.24 on Friday. The company’s 50-day simple moving average is $42.74 and its 200-day simple moving average is $44.69. Gold.com has a 52-week low of $23.00 and a 52-week high of $66.70. The firm has a market cap of $1.17 billion, a P/E ratio of 7.81 and a beta of 0.71.

Gold.com (NYSE:GOLD) last released 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). Gold.com had a return on equity of 17.22% 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 period in the previous year, the company posted $0.41 EPS. On average, analysts anticipate that Gold.com will post 3.73 earnings per share for the current fiscal year.

Gold.com Announces Dividend

The firm also recently announced a special dividend, which was paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 16th. Gold.com’s payout ratio is 27.40%.

Insiders Place Their Bets

In other Gold.com news, major shareholder Tether Global Investments Fund bought 27,633 shares of Gold.com stock in a transaction dated Wednesday, October 28th. The stock was acquired at an average cost of $39.39 per share, for a total transaction of $1,088,463.87. Following the completion of the transaction, the insider directly owned 500,000 shares of the company’s stock, valued at approximately $19,695,000. This represents a 5.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Benjamin sold 18,048 shares of the stock in a transaction dated 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 sale, the director owned 261,546 shares of the company’s stock, valued at $11,638,797. This trade represents a 6.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have bought 300,000 shares of company stock valued at $11,840,113 and have sold 124,859 shares valued at $5,835,628. 16.50% of the stock is owned by corporate insiders.

Institutional Trading of Gold.com

Large investors have recently bought and sold shares of the business. 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 last quarter. GAMMA Investing LLC grew its position in shares of Gold.com by 127.9% in the third quarter. GAMMA Investing LLC now owns 661 shares of the company’s stock valued at $28,000 after purchasing an additional 371 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Gold.com by 76.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 966 shares of the company’s stock valued at $41,000 after purchasing an additional 418 shares during the last quarter. Swiss National Bank increased its holdings in shares of Gold.com by 1.4% in the first quarter. Swiss National Bank now owns 36,500 shares of the company’s stock valued at $1,463,000 after purchasing an additional 500 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its position in Gold.com by 7.6% during the second quarter. WINTON GROUP Ltd now owns 9,900 shares of the company’s stock worth $412,000 after buying an additional 700 shares in the last quarter. Hedge funds and other 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.