Jeffrey Benjamin Sells 25,000 Shares of Gold.com (NYSE:GOLD) Stock

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 25,000 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $57.10, for a total value of $1,427,500.00. Following the completion of the sale, the director directly owned 569,664 shares of the company’s stock, valued at approximately $32,527,814.40. This trade represents a 4.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Gold.com Stock Down 1.8%

Gold.com stock traded down $1.00 during mid-day trading on Tuesday, hitting $55.86. The company’s stock had a trading volume of 359,939 shares, compared to its average volume of 881,845. Gold.com Inc. has a 52-week low of $19.39 and a 52-week high of $66.70. The company has a market cap of $1.41 billion, a P/E ratio of 118.85 and a beta of 0.41. 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 (NYSE:GOLD) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.70 by $0.21. The business had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Gold.com had a net margin of 0.08% and a return on equity of 7.56%.

Gold.com Dividend Announcement

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

Institutional Investors Weigh In On Gold.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC bought a new stake in shares of Gold.com during the 4th quarter valued at about $35,000. Larson Financial Group LLC purchased a new stake in Gold.com in the fourth quarter worth about $41,000. Caitong International Asset Management Co. Ltd bought a new stake in Gold.com during the 4th quarter valued at approximately $42,000. State of Alaska Department of Revenue purchased a new position in shares of Gold.com during the 4th quarter worth approximately $44,000. Finally, New York State Teachers Retirement System bought a new position in shares of Gold.com in the 4th quarter worth approximately $55,000. Institutional investors own 62.85% of the company’s stock.

Analysts Set New Price Targets

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

Gold.com Company Profile

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.