Gold.com (NYSE:GOLD) Trading Down 7.8% Following Insider Selling

Gold.com Inc. (NYSE:GOLD) fell 7.8% on Monday after an insider sold shares in the company. The stock traded as low as $48.19 and last traded at $48.32. 449,063 shares traded hands during trading, a decline of 47% from the average session volume of 852,930 shares. The stock had previously closed at $52.42.

Specifically, Director Jeffrey D. Benjamin sold 14,540 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $56.80, for a total value of $825,872.00. Following the transaction, the director directly owned 530,124 shares in the company, valued at $30,111,043.20. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey D. Benjamin sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $56.73, for a total transaction of $1,418,250.00. Following the sale, the director owned 544,664 shares of the company’s stock, valued at $30,898,788.72. This represents a 4.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other news, EVP Carol Meltzer sold 2,000 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $56.38, for a total value of $112,760.00. Following the completion of the transaction, the executive vice president owned 23,500 shares in the company, valued at approximately $1,324,930. This represents a 7.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Analysts Set New Price Targets

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

Gold.com Stock Down 4.5%

The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 1.21. The company has a market cap of $1.27 billion, a P/E ratio of 106.55 and a beta of 0.40.

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

Gold.com Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, February 20th. Gold.com’s dividend payout ratio is 170.21%.

Hedge Funds Weigh In On Gold.com

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP purchased a new position in Gold.com during the 4th quarter worth $40,273,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Gold.com during the fourth quarter worth about $32,408,000. Jacobs Levy Equity Management Inc. purchased a new position in Gold.com during the fourth quarter worth about $17,971,000. Geode Capital Management LLC acquired a new stake in Gold.com in the fourth quarter valued at about $15,790,000. Finally, State Street Corp purchased a new stake in Gold.com in the 4th quarter valued at approximately $15,019,000. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

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.