Other equities research analysts also recently issued research reports about the company. BidaskClub raised Gaia from a hold rating to a buy rating in a research report on Friday, July 20th. Lake Street Capital boosted their price target on Gaia to $28.00 and gave the company a buy rating in a research report on Tuesday, August 7th. Finally, Zacks Investment Research raised Gaia from a hold rating to a buy rating and set a $23.00 price target for the company in a research report on Wednesday, July 11th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Gaia has a consensus rating of Buy and an average target price of $23.80.
Shares of NASDAQ:GAIA traded up $0.15 during midday trading on Thursday, reaching $12.37. The company’s stock had a trading volume of 139,705 shares, compared to its average volume of 116,922. The company has a market cap of $233.86 million, a P/E ratio of -7.88 and a beta of 0.68. Gaia has a 1 year low of $11.32 and a 1 year high of $22.75.
Gaia (NASDAQ:GAIA) last posted its quarterly earnings results on Monday, November 5th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by ($0.17). Gaia had a negative net margin of 70.92% and a negative return on equity of 29.95%. The firm had revenue of $11.39 million for the quarter, compared to analysts’ expectations of $11.27 million. Research analysts forecast that Gaia will post -1.91 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in Gaia by 237.2% during the first quarter. The Manufacturers Life Insurance Company now owns 8,240 shares of the company’s stock valued at $128,000 after acquiring an additional 5,796 shares during the period. Citadel Advisors LLC purchased a new stake in Gaia during the second quarter valued at about $332,000. Schwab Charles Investment Management Inc. grew its position in Gaia by 65.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 22,400 shares of the company’s stock valued at $454,000 after acquiring an additional 8,900 shares during the period. JPMorgan Chase & Co. grew its position in Gaia by 2,519.1% during the first quarter. JPMorgan Chase & Co. now owns 49,658 shares of the company’s stock valued at $770,000 after acquiring an additional 47,762 shares during the period. Finally, Millennium Management LLC grew its position in Gaia by 81.2% during the first quarter. Millennium Management LLC now owns 100,863 shares of the company’s stock valued at $1,563,000 after acquiring an additional 45,207 shares during the period. 43.22% of the stock is owned by hedge funds and other institutional investors.
Gaia Company Profile
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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