Gaia (GAIA) Cut to “Buy” at BidaskClub

BidaskClub lowered shares of Gaia (NASDAQ:GAIA) from a strong-buy rating to a buy rating in a research report released on Thursday.

Other equities research analysts also recently issued research reports about the company. B. Riley raised their price objective on Gaia to $26.00 and gave the company a buy rating in a report on Thursday, June 7th. Dougherty & Co began coverage on Gaia in a report on Wednesday, March 28th. They set a buy rating and a $22.00 price objective on the stock. Roth Capital raised their price objective on Gaia from $22.00 to $25.00 and gave the company a buy rating in a report on Friday, June 22nd. Finally, ValuEngine raised Gaia from a buy rating to a strong-buy rating in a report on Wednesday, May 2nd. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $23.25.

Gaia opened at $20.25 on Thursday, according to Marketbeat. Gaia has a twelve month low of $10.35 and a twelve month high of $22.75.

Gaia (NASDAQ:GAIA) last released its quarterly earnings data on Monday, May 7th. The company reported ($0.39) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.53) by $0.14. Gaia had a negative return on equity of 26.84% and a negative net margin of 72.00%. The company had revenue of $9.62 million for the quarter, compared to the consensus estimate of $9.41 million. equities analysts anticipate that Gaia will post -1.65 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Gaia during the 1st quarter worth about $118,000. The Manufacturers Life Insurance Company lifted its holdings in Gaia by 237.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 8,240 shares of the company’s stock worth $128,000 after buying an additional 5,796 shares during the period. Suntrust Banks Inc. acquired a new position in Gaia during the 4th quarter worth about $136,000. Trexquant Investment LP acquired a new position in Gaia during the 1st quarter worth about $349,000. Finally, Amtrust Financial Services Inc. acquired a new position in Gaia during the 1st quarter worth about $388,000. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

About Gaia

Gaia, Inc operates a digital video subscription service and online community that caters underserved subscribers worldwide. The company has a digital content library of approximately 8,000 titles available to its subscribers on Internet-connected devices. Its subscribers have access to a library of films, documentaries, interviews, yoga classes, transformation related content, and others for digital streaming.

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