Gaia Inc (NASDAQ:GAIA) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,905,700 shares, an increase of 13.4% from the July 31st total of 1,679,900 shares. Based on an average trading volume of 118,400 shares, the days-to-cover ratio is currently 16.1 days. Approximately 17.5% of the shares of the company are sold short.
In other Gaia news, Chairman Jirka Rysavy bought 105,879 shares of Gaia stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $7.14 per share, with a total value of $755,976.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Howard Sutherland bought 15,000 shares of Gaia stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average cost of $6.28 per share, with a total value of $94,200.00. Following the transaction, the director now owns 89,057 shares of the company’s stock, valued at approximately $559,277.96. The disclosure for this purchase can be found here. In the last three months, insiders bought 278,379 shares of company stock valued at $2,369,126. 34.83% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of GAIA. Bank of America Corp DE lifted its position in Gaia by 146.0% during the fourth quarter. Bank of America Corp DE now owns 9,896 shares of the company’s stock worth $102,000 after purchasing an additional 5,873 shares during the period. Royce & Associates LP lifted its holdings in shares of Gaia by 7.6% in the first quarter. Royce & Associates LP now owns 691,300 shares of the company’s stock worth $6,325,000 after acquiring an additional 48,800 shares during the last quarter. S Squared Technology LLC lifted its holdings in shares of Gaia by 27.1% in the first quarter. S Squared Technology LLC now owns 234,139 shares of the company’s stock worth $2,142,000 after acquiring an additional 49,981 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Gaia in the first quarter worth about $975,000. Finally, Marshall Wace North America L.P. lifted its holdings in shares of Gaia by 76.1% in the first quarter. Marshall Wace North America L.P. now owns 7,498 shares of the company’s stock worth $69,000 after acquiring an additional 3,240 shares during the last quarter. 47.81% of the stock is owned by institutional investors and hedge funds.
GAIA traded up $0.93 on Friday, hitting $9.16. 33,852 shares of the stock were exchanged, compared to its average volume of 102,909. Gaia has a 12 month low of $5.68 and a 12 month high of $17.20. The business has a 50-day moving average of $6.80 and a two-hundred day moving average of $8.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $141.37 million, a price-to-earnings ratio of -4.64 and a beta of 1.10.
Gaia (NASDAQ:GAIA) last posted its quarterly earnings data on Monday, August 5th. The company reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $13.16 million during the quarter, compared to analysts’ expectations of $13.09 million. Equities research analysts expect that Gaia will post -1.1 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Gaia from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research cut shares of Gaia from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Lake Street Capital cut their price objective on shares of Gaia from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Gaia presently has an average rating of “Buy” and a consensus target price of $15.50.
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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