Insider Selling: Gold.com (NYSE:GOLD) Director Sells $1,406,250.00 in Stock

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $56.25, for a total value of $1,406,250.00. Following the completion of the sale, the director owned 619,664 shares in the company, valued at $34,856,100. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Gold.com Trading Up 2.0%

GOLD opened at $57.49 on Monday. Gold.com Inc. has a twelve month low of $19.39 and a twelve month high of $66.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.66. The stock has a market capitalization of $1.45 billion, a PE ratio of 122.33 and a beta of 0.40.

Gold.com (NYSE:GOLD) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. The business had revenue of $6.48 billion during the quarter, compared to analyst estimates of $3.41 billion. Gold.com had a net margin of 0.08% and a return on equity of 7.56%.

Gold.com Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, February 20th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, February 20th. Gold.com’s payout ratio is presently 170.21%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Gold.com

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

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.