Gold.com (NYSE:GOLD) Stock Rating Raised to “Hold” at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Gold.com (NYSE:GOLD – Free Report) from a sell rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

A number of other analysts also recently weighed in on GOLD. Zacks Research downgraded Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Canaccord Genuity Group cut their target price on Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. DA Davidson reaffirmed a “buy” rating and set a $60.00 target price on shares of Gold.com in a research note on Thursday, September 3rd. Northland Securities set a $55.00 target price on Gold.com in a report on Thursday, September 3rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Check Out Our Latest Stock Report on GOLD

Gold.com Stock Down 2.1%

Shares of Gold.com stock opened at $40.77 on Friday. The company’s fifty day moving average is $44.35 and its 200 day moving average is $43.00. Gold.com has a twelve month low of $23.00 and a twelve month high of $66.70. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 13.96 and a beta of 0.71.

Gold.com (NYSE:GOLD – Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter last year, the business earned $0.41 earnings per share. As a group, equities analysts anticipate that Gold.com will post 3.73 earnings per share for the current fiscal year.

Gold.com Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, September 28th. Investors of record on Wednesday, September 16th were issued a $0.20 dividend. The ex-dividend date was Wednesday, September 16th. Gold.com’s dividend payout ratio (DPR) is currently 27.40%.

Insider Activity at Gold.com

In other Gold.com news, CEO Gregory Roberts sold 10,000 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were 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 owned 28,202 shares in the company, valued at approximately $1,292,497.66. The trade was a 26.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Benjamin sold 18,048 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $44.50, for a total transaction of $803,136.00. Following the sale, the director owned 261,546 shares of the company’s stock, valued at $11,638,797. This trade represents a 6.46% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 124,859 shares of company stock valued at $5,835,628. 16.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GOLD. Arizona State Retirement System lifted its holdings in shares of Gold.com by 7.1% in the second quarter. Arizona State Retirement System now owns 5,435 shares of the company’s stock valued at $226,000 after purchasing an additional 359 shares in the last quarter. GAMMA Investing LLC grew its holdings in Gold.com by 127.9% during the third quarter. GAMMA Investing LLC now owns 661 shares of the company’s stock worth $28,000 after buying an additional 371 shares in the last quarter. Swiss National Bank raised its position in Gold.com by 1.4% in the 1st quarter. Swiss National Bank now owns 36,500 shares of the company’s stock valued at $1,463,000 after buying an additional 500 shares during the last quarter. WINTON GROUP Ltd raised its position in Gold.com by 7.6% in the 2nd quarter. WINTON GROUP Ltd now owns 9,900 shares of the company’s stock valued at $412,000 after buying an additional 700 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in Gold.com by 16.9% in the 1st quarter. Hsbc Holdings PLC now owns 9,593 shares of the company’s stock valued at $384,000 after buying an additional 1,390 shares during the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Gold.com Company Profile

(Get Free Report)

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.

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