Northern Trust Corp grew its holdings in shares of Gaia Inc (NASDAQ:GAIA) by 2.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,042 shares of the company’s stock after purchasing an additional 3,335 shares during the quarter. Northern Trust Corp owned about 0.72% of Gaia worth $971,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of GAIA. Marshall Wace North America L.P. boosted its position in Gaia by 76.1% during the first 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. Creative Planning bought a new position in shares of Gaia in the second quarter valued at approximately $274,000. Bank of New York Mellon Corp boosted its position in shares of Gaia by 12.1% in the second quarter. Bank of New York Mellon Corp now owns 41,972 shares of the company’s stock valued at $317,000 after acquiring an additional 4,524 shares during the period. Shepherd Kaplan Krochuk LLC boosted its position in shares of Gaia by 39.5% in the second quarter. Shepherd Kaplan Krochuk LLC now owns 106,094 shares of the company’s stock valued at $804,000 after acquiring an additional 30,067 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Gaia in the first quarter valued at approximately $975,000. Hedge funds and other institutional investors own 47.81% of the company’s stock.
In related news, Chairman Jirka Rysavy bought 105,879 shares of the company’s stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $7.14 per share, for a total transaction of $755,976.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Howard Sutherland bought 15,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $6.28 per share, with a total value of $94,200.00. Following the completion of the transaction, the director now owns 89,057 shares of the company’s stock, valued at $559,277.96. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 281,629 shares of company stock valued at $2,391,079. 34.83% of the stock is currently owned by company insiders.
A number of research firms have recently commented on GAIA. ValuEngine upgraded shares of Gaia from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered shares of Gaia from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. 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. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Gaia has an average rating of “Buy” and a consensus price target of $15.50.
GAIA stock opened at $6.31 on Friday. The firm has a 50 day moving average of $6.80 and a 200-day moving average of $7.56. 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 Inc has a 12 month low of $5.50 and a 12 month high of $16.77.
Gaia (NASDAQ:GAIA) last released its quarterly earnings data on Monday, August 5th. The company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates 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 anticipate that Gaia Inc will post -1.1 earnings per share for the current fiscal year.
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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