Gold.com (NYSE:GOLD) Director Sells $617,515.52 in Stock

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 13,952 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $44.26, for a total value of $617,515.52. Following the sale, the director owned 279,594 shares in the company, valued at $12,374,830.44. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Gold.com Price Performance

NYSE:GOLD opened at $43.48 on Friday. Gold.com Inc. has a 12-month low of $23.00 and a 12-month high of $66.70. The firm has a market capitalization of $1.27 billion, a P/E ratio of 14.89 and a beta of 0.56. The business has a 50 day simple moving average of $43.89 and a 200 day simple moving average of $43.38.

Gold.com (NYSE:GOLD) last issued its earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.55). Gold.com had a return on equity of 17.22% and a net margin of 0.32%.The company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same period 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 fiscal year.

Gold.com Announces Dividend

The company also recently declared a special dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 16th. Gold.com’s dividend payout ratio is currently 27.40%.

Hedge Funds Weigh In On Gold.com

Several hedge funds have recently modified their holdings of the company. Jacobs Asset Management LLC bought a new stake in shares of Gold.com in the 4th quarter worth $10,215,000. Bard Associates Inc. bought a new position in Gold.com during the fourth quarter valued at about $3,078,000. Y Intercept Hong Kong Ltd bought a new position in Gold.com during the first quarter valued at about $2,618,000. Hsbc Holdings PLC grew its holdings in 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 acquiring an additional 27,180 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Gold.com during the second quarter worth about $7,143,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GOLD. Wall Street Zen downgraded shares of Gold.com from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Northland Securities set a $55.00 price target on shares of Gold.com in a research note on Thursday, September 3rd. DA Davidson reaffirmed a “buy” rating and set a $60.00 price target on shares of Gold.com in a report on Thursday, September 3rd. Finally, Canaccord Genuity Group reduced their price objective on Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.