Analysts forecast that Gaia Inc (NASDAQ:GAIA) will post sales of $13.09 million for the current quarter, according to Zacks. Two analysts have issued estimates for Gaia’s earnings, with the lowest sales estimate coming in at $13.08 million and the highest estimate coming in at $13.09 million. Gaia posted sales of $10.46 million in the same quarter last year, which suggests a positive year-over-year growth rate of 25.1%. The company is scheduled to report its next quarterly earnings results on Monday, August 5th.
On average, analysts expect that Gaia will report full-year sales of $55.46 million for the current year, with estimates ranging from $55.03 million to $55.89 million. For the next fiscal year, analysts expect that the business will post sales of $73.21 million, with estimates ranging from $67.90 million to $78.52 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Gaia.
Gaia (NASDAQ:GAIA) last posted its quarterly earnings results on Monday, April 29th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.12. Gaia had a negative return on equity of 38.97% and a negative net margin of 73.85%. The firm had revenue of $12.47 million during the quarter, compared to the consensus estimate of $12.76 million.
A number of equities research analysts have issued reports on GAIA shares. Lake Street Capital lowered their price target on Gaia to $20.00 and set a “buy” rating for the company in a research report on Tuesday, March 5th. B. Riley set a $24.00 price target on Gaia and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, ValuEngine downgraded Gaia from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $21.75.
GAIA stock traded down $0.22 during trading on Friday, reaching $7.93. 196,785 shares of the stock traded hands, compared to its average volume of 100,855. Gaia has a 52-week low of $7.82 and a 52-week high of $22.75. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.17. The company has a market cap of $144.99 million, a PE ratio of -4.05 and a beta of 1.07.
Several institutional investors and hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC lifted its stake in shares of Gaia by 62.3% during the fourth quarter. FNY Investment Advisers LLC now owns 3,267 shares of the company’s stock worth $33,000 after purchasing an additional 1,254 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Gaia by 9.9% during the first quarter. Wells Fargo & Company MN now owns 19,203 shares of the company’s stock worth $176,000 after purchasing an additional 1,734 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Gaia by 4.2% during the fourth quarter. California Public Employees Retirement System now owns 52,405 shares of the company’s stock worth $543,000 after purchasing an additional 2,100 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Gaia by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 297,525 shares of the company’s stock worth $3,082,000 after purchasing an additional 3,093 shares in the last quarter. Finally, Marshall Wace North America L.P. lifted its stake in shares of Gaia by 76.1% during the first quarter. Marshall Wace North America L.P. now owns 7,498 shares of the company’s stock worth $69,000 after purchasing an additional 3,240 shares in the last quarter. Institutional investors own 48.90% of the company’s stock.
Gaia Company Profile
Gaia, Inc operates a digital video subscription service and online community that caters underserved subscriber base 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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