Gaia Inc (NASDAQ:GAIA) Director Dae Mellencamp bought 5,000 shares of the stock in a transaction on Friday, August 16th. The shares were acquired at an average cost of $7.25 per share, with a total value of $36,250.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $36,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of GAIA stock traded up $0.46 on Monday, hitting $7.68. The stock had a trading volume of 6,812 shares, compared to its average volume of 167,998. Gaia Inc has a twelve month low of $5.68 and a twelve month high of $17.80. The firm has a market cap of $134.39 million, a P/E ratio of -3.92 and a beta of 1.20. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average price of $6.88 and a two-hundred day moving average price of $8.65.
Gaia (NASDAQ:GAIA) last announced its quarterly earnings results on Monday, August 5th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.06. Gaia had a negative net margin of 66.00% and a negative return on equity of 39.97%. The company had revenue of $13.16 million during the quarter, compared to analyst estimates of $13.09 million. On average, analysts expect that Gaia Inc will post -1.1 earnings per share for the current year.
A number of analysts have commented on GAIA shares. Zacks Investment Research lowered shares of Gaia from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine raised shares of Gaia from a “hold” rating to a “buy” rating in a report on Monday, August 12th. Finally, Lake Street Capital decreased their price target on shares of Gaia from $20.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $15.67.
Several hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC grew its holdings in shares of 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 period. Parametric Portfolio Associates LLC boosted its stake in Gaia by 24.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 14,812 shares of the company’s stock worth $112,000 after purchasing an additional 2,901 shares during the period. Dimensional Fund Advisors LP boosted its stake in Gaia by 1.1% in the 4th 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 during the period. Marshall Wace North America L.P. boosted its stake in Gaia by 76.1% in the 1st 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 during the period. Finally, Northern Trust Corp boosted its stake in Gaia by 2.7% in the 2nd quarter. Northern Trust Corp now owns 128,042 shares of the company’s stock worth $971,000 after purchasing an additional 3,335 shares during the period. 43.04% of the stock is owned by institutional investors.
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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