Gaia Inc (NASDAQ:GAIA) has received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $19.50.
GAIA has been the topic of a number of recent research reports. Lake Street Capital lowered their target price on Gaia from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. ValuEngine upgraded Gaia from a “hold” rating to a “buy” rating in a research note on Monday, August 12th. Finally, Zacks Investment Research lowered Gaia from a “buy” rating to a “hold” rating in a research note on Friday.
In related news, Chairman Jirka Rysavy purchased 105,879 shares of Gaia stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of $7.14 per share, with a total value of $755,976.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Howard Sutherland purchased 15,000 shares of Gaia stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average cost of $6.28 per share, for a total transaction of $94,200.00. Following the transaction, the director now directly owns 89,057 shares of the company’s stock, valued at $559,277.96. The disclosure for this purchase can be found here. 34.83% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC raised its stake in Gaia by 24.4% in the second quarter. Parametric Portfolio Associates LLC now owns 14,812 shares of the company’s stock worth $112,000 after buying an additional 2,901 shares in the last quarter. Northern Trust Corp raised its stake in Gaia by 2.7% in the second quarter. Northern Trust Corp now owns 128,042 shares of the company’s stock worth $971,000 after buying an additional 3,335 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Gaia by 12.1% in the second quarter. Bank of New York Mellon Corp now owns 41,972 shares of the company’s stock worth $317,000 after buying an additional 4,524 shares in the last quarter. Shepherd Kaplan Krochuk LLC raised its stake in Gaia by 39.5% in the second quarter. Shepherd Kaplan Krochuk LLC now owns 106,094 shares of the company’s stock worth $804,000 after buying an additional 30,067 shares in the last quarter. Finally, AWM Investment Company Inc. raised its stake in Gaia by 121.7% in the second quarter. AWM Investment Company Inc. now owns 716,180 shares of the company’s stock worth $5,429,000 after buying an additional 393,206 shares in the last quarter. 43.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ GAIA traded down $0.09 during trading hours on Thursday, reaching $7.22. 108,700 shares of the stock were exchanged, compared to its average volume of 167,998. The firm has a market capitalization of $134.39 million, a price-to-earnings ratio of -3.68 and a beta of 1.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Gaia has a 52 week low of $5.68 and a 52 week high of $17.80. The stock’s fifty day simple moving average is $6.88 and its 200 day simple moving average is $8.65.
Gaia (NASDAQ:GAIA) last announced its earnings results on Monday, August 5th. The company reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.06. The company had revenue of $13.16 million for the quarter, compared to analyst estimates of $13.09 million. Gaia had a negative return on equity of 39.97% and a negative net margin of 66.00%. Research analysts predict that Gaia will post -1.1 EPS for the current fiscal year.
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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