Gaia (NASDAQ:GAIA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Zacks.com reports. The firm currently has a $8.00 price objective on the stock. Zacks Investment Research‘s price target points to a potential upside of 11.11% from the stock’s previous close.
According to Zacks, “Gaia, Inc. provides digital video subscription service. Its video content is available through online digital streaming on virtually any Internet-connected device on a commercial-free basis. The Company’s subscribers access to a library of films, personal growth-related content, documentaries, interviews, yoga classes and fitness. It created a fitness and yoga-focused version of its video service. Gaia, Inc., formerly known as Gaiam Inc., is based in Louisville, United States. “
Separately, ValuEngine cut Yext from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $17.33.
GAIA stock traded up $0.11 during midday trading on Thursday, reaching $7.20. 50,500 shares of the company’s stock traded hands, compared to its average volume of 97,284. The business has a 50-day moving average of $7.32. Gaia has a 1-year low of $6.80 and a 1-year high of $22.10. The stock has a market cap of $127.09 million, a P/E ratio of -3.67 and a beta of 1.26. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.17.
Gaia (NASDAQ:GAIA) last released its quarterly earnings results on Monday, April 29th. The company reported ($0.36) earnings per share 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 analysts’ expectations of $12.76 million. On average, sell-side analysts anticipate that Gaia will post -1.21 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its position in Gaia by 41.2% in the 4th quarter. Rhumbline Advisers now owns 16,994 shares of the company’s stock valued at $176,000 after buying an additional 4,958 shares during the last quarter. Bank of America Corp DE boosted its position in Gaia by 146.0% in the 4th quarter. Bank of America Corp DE now owns 9,896 shares of the company’s stock valued at $102,000 after buying an additional 5,873 shares during the last quarter. B. Riley Wealth Management Inc. bought a new position in Gaia in the 1st quarter valued at $132,000. FNY Investment Advisers LLC boosted its position in Gaia by 46.3% in the 1st quarter. FNY Investment Advisers LLC now owns 4,781 shares of the company’s stock valued at $43,000 after buying an additional 1,514 shares during the last quarter. Finally, S Squared Technology LLC boosted its position in Gaia by 27.1% in the 1st quarter. S Squared Technology LLC now owns 234,139 shares of the company’s stock valued at $2,142,000 after buying an additional 49,981 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.
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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