Gold.com Inc. (NYSE:GOLD) Stock Has Average Target Price of $58.00

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

Several equities research analysts have weighed in on the company. DA Davidson reissued a “buy” rating and set a $60.00 price objective on shares of Gold.com in a research note on Thursday, September 3rd. Northland Securities set a $55.00 price objective on Gold.com in a research note on Thursday, September 3rd. Wall Street Zen upgraded Gold.com from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th.

Insiders Place Their Bets

In other Gold.com news, major shareholder Tether Global Investments Fund acquired 31,088 shares of the stock in a transaction that occurred on Monday, October 12th. The stock was bought at an average cost of $39.87 per share, with a total value of $1,239,478.56. Following the completion of the purchase, the insider directly owned 332,118 shares in the company, valued at $13,241,544.66. The trade was a 10.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory N. Roberts sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $45.83, for a total transaction of $458,300.00. Following the completion of the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at approximately $1,292,497.66. This trade represents a 26.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have acquired 132,118 shares of company stock valued at $5,210,637 and have sold 124,859 shares valued at $5,835,628. 16.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in 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 during the last quarter. SkyView Investment Advisors LLC bought a new position in Gold.com in the second quarter worth about $125,000. WINTON GROUP Ltd raised its holdings in Gold.com by 7.6% in the second quarter. WINTON GROUP Ltd now owns 9,900 shares of the company’s stock worth $412,000 after purchasing an additional 700 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Gold.com in the second quarter worth about $225,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Gold.com during the second quarter valued at about $387,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Gold.com Stock Down 4.0%

Gold.com stock opened at $38.59 on Monday. The company’s 50-day moving average price is $44.15 and its 200-day moving average price is $42.94. Gold.com has a twelve month low of $23.00 and a twelve month high of $66.70. The company has a market cap of $1.12 billion, a PE ratio of 8.04 and a beta of 0.71.

Gold.com (NYSE:GOLD) last announced its earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.55). Gold.com had a net margin of 0.32% and a return on equity of 17.22%. The business had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $5.67 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. As a group, sell-side analysts expect that Gold.com will post 3.73 earnings per share for the current fiscal year.

Gold.com Dividend Announcement

The firm also recently declared a special dividend, which was paid on Monday, September 28th. Investors 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 dividend payout ratio (DPR) is currently 27.40%.

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.