Gregory Roberts Sells 40,000 Shares of Gold.com (NYSE:GOLD) Stock

Gold.com Inc. (NYSE:GOLD) CEO Gregory Roberts sold 40,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $41.58, for a total transaction of $1,663,200.00. Following the completion of the transaction, the chief executive officer owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. This trade represents a 58.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Gold.com Stock Down 3.7%

NYSE GOLD traded down $1.52 during trading hours on Friday, hitting $39.04. 290,311 shares of the company were exchanged, compared to its average volume of 731,591. The company’s 50 day simple moving average is $45.19. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.66 and a current ratio of 1.18. Gold.com Inc. has a 52-week low of $19.39 and a 52-week high of $66.70. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 13.37 and a beta of 0.55.

Gold.com (NYSE:GOLD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $1.44 by $1.62. Gold.com had a return on equity of 17.82% and a net margin of 0.35%.The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $4.81 billion. On average, equities research analysts predict that Gold.com Inc. will post 5.31 EPS for the current year.

Gold.com declared that its board has approved a share repurchase plan on Wednesday, April 8th that allows the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization allows the company to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Gold.com Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.80 annualized dividend and a yield of 2.0%. Gold.com’s dividend payout ratio is 27.40%.

Analysts Set New Price Targets

A number of research analysts have recently commented on GOLD shares. Zacks Research downgraded Gold.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Roth Mkm set a $52.00 price objective on Gold.com in a report on Thursday, May 7th. DA Davidson reiterated a “buy” rating and issued a $60.00 price objective on shares of Gold.com in a report on Tuesday, April 28th. Northland Securities upgraded Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a report on Friday, February 6th. Finally, Weiss Ratings upgraded Gold.com from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $56.33.

Hedge Funds Weigh In On Gold.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC acquired a new stake in Gold.com in the fourth quarter worth approximately $35,000. Larson Financial Group LLC acquired a new stake in Gold.com in the fourth quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd acquired a new stake in Gold.com in the fourth quarter worth approximately $42,000. State of Alaska Department of Revenue acquired a new stake in Gold.com in the fourth quarter worth approximately $44,000. Finally, New York State Teachers Retirement System acquired a new stake in Gold.com in the fourth quarter worth approximately $55,000. 62.85% of the stock is owned by institutional investors.

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.