Gold.com (NYSE:GOLD) CEO Sells $1,260,000.00 in Stock

Gold.com Inc. (NYSE:GOLD) CEO Gregory Roberts sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $42.00, for a total value of $1,260,000.00. Following the completion of the sale, the chief executive officer owned 28,202 shares of the company’s stock, valued at $1,184,484. This trade represents a 51.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Gold.com Price Performance

NYSE:GOLD opened at $38.73 on Friday. Gold.com Inc. has a 12-month low of $19.39 and a 12-month high of $66.70. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 13.26 and a beta of 0.55. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $44.84.

Gold.com (NYSE:GOLD) last released its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $1.62. Gold.com had a return on equity of 17.82% and a net margin of 0.35%.The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $4.81 billion. Research analysts anticipate that Gold.com Inc. will post 5.31 EPS for the current fiscal year.

Gold.com declared that its Board of Directors has initiated a share buyback program on Wednesday, April 8th that allows the company to buyback 2,000,000,000,000 shares. This buyback authorization allows the company to buy up to 7.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Gold.com Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be given 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 Wednesday, May 20th. Gold.com’s payout ratio is 27.40%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Gold.com

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP acquired a new stake in shares of Gold.com during the fourth quarter worth $40,273,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Gold.com during the fourth quarter worth $32,408,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Gold.com during the fourth quarter worth $17,971,000. Geode Capital Management LLC acquired a new stake in shares of Gold.com during the fourth quarter worth $15,790,000. Finally, State Street Corp acquired a new stake in shares of Gold.com during the fourth quarter worth $15,019,000. 62.85% of the stock is owned by institutional investors and hedge funds.

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.