Equities research analysts expect Gaia Inc (NASDAQ:GAIA) to report ($0.41) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Gaia’s earnings, with estimates ranging from ($0.43) to ($0.40). Gaia posted earnings of ($0.37) per share in the same quarter last year, which would suggest a negative year over year growth rate of 10.8%. The firm is expected to announce its next earnings report on Monday, November 5th.
According to Zacks, analysts expect that Gaia will report full year earnings of ($1.67) per share for the current fiscal year, with EPS estimates ranging from ($1.74) to ($1.59). For the next financial year, analysts anticipate that the firm will report earnings of ($1.26) per share, with EPS estimates ranging from ($1.37) to ($1.16). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Gaia.
Gaia (NASDAQ:GAIA) last issued its quarterly earnings results on Monday, August 6th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.42) by $0.07. The firm had revenue of $10.46 million during the quarter, compared to the consensus estimate of $10.62 million. Gaia had a negative return on equity of 25.71% and a negative net margin of 64.31%.
A number of analysts have recently issued reports on GAIA shares. Zacks Investment Research upgraded Gaia from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Wednesday, July 11th. BidaskClub downgraded Gaia from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 28th. Roth Capital lifted their price target on Gaia from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, June 22nd. B. Riley lifted their price target on Gaia to $26.00 and gave the company a “buy” rating in a research report on Thursday, June 7th. Finally, Lake Street Capital lifted their price target on Gaia to $28.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Gaia currently has an average rating of “Buy” and a consensus target price of $24.80.
Shares of GAIA opened at $15.70 on Friday. The stock has a market cap of $287.30 million, a PE ratio of -10.00 and a beta of 0.77. Gaia has a 12-month low of $11.20 and a 12-month high of $22.75.
Several institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC bought a new stake in Gaia in the 2nd quarter worth approximately $332,000. FMR LLC lifted its position in Gaia by 1.7% in the 2nd quarter. FMR LLC now owns 1,197,253 shares of the company’s stock worth $24,244,000 after buying an additional 19,993 shares during the last quarter. BlackRock Inc. lifted its position in Gaia by 21.7% in the 2nd quarter. BlackRock Inc. now owns 939,416 shares of the company’s stock worth $19,023,000 after buying an additional 167,612 shares during the last quarter. Royce & Associates LP lifted its position in Gaia by 32.3% in the 2nd quarter. Royce & Associates LP now owns 388,100 shares of the company’s stock worth $7,859,000 after buying an additional 94,700 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Gaia by 65.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 22,400 shares of the company’s stock worth $454,000 after buying an additional 8,900 shares during the last quarter. Hedge funds and other institutional investors own 42.82% of the company’s stock.
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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