Gaia (GAIA) Announces Earnings Results

Gaia (NASDAQ:GAIA) announced its quarterly earnings data on Monday. The company reported ($0.58) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.41) by ($0.17), Morningstar.com reports. The firm had revenue of $11.39 million during the quarter, compared to the consensus estimate of $11.27 million. Gaia had a negative net margin of 64.31% and a negative return on equity of 25.71%.

GAIA traded down $1.78 during mid-day trading on Tuesday, reaching $13.90. The stock had a trading volume of 409,970 shares, compared to its average volume of 93,532. The firm has a market capitalization of $275.30 million, a price-to-earnings ratio of -8.85 and a beta of 0.68. Gaia has a 52 week low of $11.32 and a 52 week high of $22.75.

GAIA has been the topic of a number of recent research reports. BidaskClub lowered Gaia from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. Zacks Investment Research upgraded Gaia from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research report on Wednesday, October 10th. Finally, Lake Street Capital increased their price objective on Gaia to $28.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $23.80.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC boosted its position in shares of 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 purchasing an additional 19,993 shares during the last quarter. BlackRock Inc. boosted its position in shares of 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 purchasing an additional 167,612 shares during the last quarter. Royce & Associates LP boosted its position in shares of 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 purchasing an additional 94,700 shares during the last quarter. Unterberg Capital LLC boosted its position in shares of Gaia by 20.0% in the 3rd quarter. Unterberg Capital LLC now owns 300,000 shares of the company’s stock worth $4,620,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Gaia by 10.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 239,807 shares of the company’s stock worth $3,717,000 after purchasing an additional 23,051 shares during the last quarter. Hedge funds and other institutional investors own 43.22% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/11/06/gaia-gaia-announces-earnings-results.html.

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.

Further Reading: Trading Strategy Methods for Individual Investors

Earnings History for Gaia (NASDAQ:GAIA)

Receive News & Ratings for Gaia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaia and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply