Gold.com Inc. (GOLD) – What Are Investment Firms Thinking About This Stock?

Gold.com Inc. (NYSE:GOLD) has received an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $58.00.

GOLD has been the topic of several analyst reports. Canaccord Genuity Group dropped their target price on Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Wall Street Zen downgraded Gold.com from a “hold” rating to a “sell” rating in a report on Saturday, October 31st. Weiss Ratings reaffirmed 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 Gold.com in a research report on Thursday, September 3rd. Finally, DA Davidson reiterated a “buy” rating and issued a $60.00 price target on shares of Gold.com in a research note on Thursday, September 3rd.

Gold.com Stock Down 9.4%

Gold.com stock opened at $37.52 on Friday. The company has a market capitalization of $1.09 billion, a P/E ratio of 12.47 and a beta of 0.63. The stock’s 50 day moving average is $42.34 and its 200 day moving average is $44.70. Gold.com has a twelve month low of $23.00 and a twelve month high of $66.70.

Gold.com (NYSE:GOLD) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.63). The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $4.81 billion. Gold.com had a net margin of 0.34% and a return on equity of 17.42%. During the same period last year, the business earned ($0.04) EPS. As a group, equities analysts expect that Gold.com will post 3.73 EPS for the current year.

Gold.com Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, November 19th. Gold.com’s dividend payout ratio (DPR) is currently 26.58%.

Insiders Place Their Bets

In other news, major shareholder Tether Global Investments Fund purchased 100,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were purchased at an average price of $39.30 per share, for a total transaction of $3,930,000.00. Following the completion of 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory N. Roberts sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $49.36, for a total transaction of $1,234,000.00. Following the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at $1,392,050.72. This trade represents a 46.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders bought 300,000 shares of company stock valued at $11,840,113 and sold 124,859 shares valued at $5,835,628. Corporate insiders own 16.50% of the company’s stock.

Hedge Funds Weigh In On Gold.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GOLD. StoneX Group Inc. boosted its stake in Gold.com by 48.7% during the 3rd quarter. StoneX Group Inc. now owns 9,543 shares of the company’s stock valued at $404,000 after purchasing an additional 3,125 shares during the last quarter. CenterBook Partners LP bought a new stake in shares of Gold.com in the 3rd quarter worth $2,323,000. Commonwealth Equity Services LLC increased its holdings in shares of Gold.com by 19.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 9,045 shares of the company’s stock worth $385,000 after purchasing an additional 1,478 shares in the last quarter. State of Wyoming purchased a new position in shares of Gold.com in the third quarter worth $780,000. Finally, Pinnacle Wealth Planning Services Inc. raised its stake 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 worth $41,000 after purchasing an additional 418 shares during the last quarter. 62.85% of the stock is owned by institutional investors.

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.