Insider Selling: Gold.com (NYSE:GOLD) EVP Sells 2,000 Shares of Stock

Gold.com Inc. (NYSE:GOLD) EVP Carol Meltzer sold 2,000 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $56.38, for a total transaction of $112,760.00. Following the completion of the sale, the executive vice president owned 23,500 shares in the company, valued at approximately $1,324,930. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Gold.com Stock Down 1.8%

Shares of NYSE:GOLD traded down $1.00 during trading on Tuesday, reaching $55.86. The company’s stock had a trading volume of 359,939 shares, compared to its average volume of 881,845. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43. Gold.com Inc. has a 12 month low of $19.39 and a 12 month high of $66.70. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 118.85 and a beta of 0.41.

Gold.com (NYSE:GOLD) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.21. The company had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Gold.com had a return on equity of 7.56% and a net margin of 0.08%.

Gold.com Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, February 20th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, February 20th. Gold.com’s dividend payout ratio is presently 170.21%.

Institutional Investors Weigh In On Gold.com

Several hedge funds have recently made changes to their positions in GOLD. Barclays PLC bought a new stake in shares of Gold.com in the fourth quarter valued at about $1,193,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Gold.com during the fourth quarter valued at approximately $17,971,000. First Trust Advisors LP bought a new position in Gold.com in the fourth quarter worth approximately $2,252,000. State Street Corp purchased a new stake in Gold.com during the fourth quarter worth $15,019,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Gold.com during the 4th quarter valued at $42,000. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GOLD shares. Zacks Research raised shares of Gold.com from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Roth Mkm set a $60.00 target price on Gold.com in a research report on Wednesday, January 28th. DA Davidson raised their price target on Gold.com from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Weiss Ratings started coverage on Gold.com in a research report on Wednesday, January 14th. They issued a “hold (c-)” rating on the stock. Finally, Northland Securities upgraded Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $59.00.

About Gold.com

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.