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.
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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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