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

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 18,048 shares of Gold.com stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $44.50, for a total value of $803,136.00. Following the sale, the director directly owned 261,546 shares of the company’s stock, valued at approximately $11,638,797. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Gold.com Price Performance

NYSE GOLD traded up $0.91 on Tuesday, reaching $44.71. The stock had a trading volume of 690,883 shares, compared to its average volume of 622,904. The company has a market cap of $1.30 billion, a P/E ratio of 15.31 and a beta of 0.56. The firm has a fifty day moving average of $43.59 and a two-hundred day moving average of $43.61. Gold.com Inc. has a 1-year low of $23.00 and a 1-year high of $66.70.

Gold.com (NYSE:GOLD) last posted its 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 firm had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.67 billion. Gold.com had a return on equity of 17.22% and a net margin of 0.32%.During the same period in the prior year, the business posted $0.41 EPS. Research analysts predict that Gold.com Inc. will post 3.73 EPS for the current fiscal year.

Gold.com Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. Gold.com’s payout ratio is currently 27.40%.

Institutional Trading of Gold.com

Several institutional investors and hedge funds have recently modified their holdings of GOLD. Jacobs Asset Management LLC bought a new position in Gold.com in the 4th quarter valued at approximately $10,215,000. Bard Associates Inc. bought a new stake in shares of Gold.com during the fourth quarter worth $3,078,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Gold.com during the first quarter worth $2,618,000. Hsbc Holdings PLC increased its holdings in shares of Gold.com by 283.3% during the second quarter. Hsbc Holdings PLC now owns 36,773 shares of the company’s stock worth $1,076,000 after buying an additional 27,180 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Gold.com in the 2nd quarter valued at $7,143,000. 62.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GOLD shares. DA Davidson restated a “buy” rating and issued a $60.00 price target on shares of Gold.com in a research report on Thursday, September 3rd. Northland Securities set a $55.00 price objective on shares of Gold.com in a research note on Thursday, September 3rd. Canaccord Genuity Group decreased their target price on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock 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. Finally, Wall Street Zen downgraded shares of Gold.com from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

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.