Shares of Gaia, Inc. (NASDAQ:GAIA) have been given an average rating of “Buy” by the six brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $17.33.
A number of equities research analysts recently commented on the company. Colliers Securities reaffirmed a “buy” rating and set a $15.00 target price on shares of Gaia in a report on Wednesday, March 3rd. Roth Capital reiterated a “buy” rating on shares of Gaia in a research report on Thursday, February 18th. Zacks Investment Research cut Gaia from a “hold” rating to a “sell” rating in a research report on Monday, May 17th. Lake Street Capital lifted their price target on Gaia from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, March 2nd. Finally, B. Riley reiterated a “buy” rating and set a $17.00 price target on shares of Gaia in a research report on Tuesday, March 2nd.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GAIA. Marshall Wace North America L.P. lifted its stake in shares of Gaia by 76.1% in the 1st quarter. Marshall Wace North America L.P. now owns 7,498 shares of the company’s stock valued at $69,000 after purchasing an additional 3,240 shares during the last quarter. Alpha Paradigm Partners LLC purchased a new stake in Gaia during the 1st quarter worth about $98,000. BNP Paribas Arbitrage SA increased its holdings in Gaia by 209.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,594 shares of the company’s stock worth $102,000 after purchasing an additional 5,818 shares during the period. DRW Securities LLC purchased a new stake in Gaia during the 1st quarter worth about $151,000. Finally, Barclays PLC increased its holdings in shares of Gaia by 305.2% in the 1st quarter. Barclays PLC now owns 15,830 shares of the company’s stock valued at $188,000 after acquiring an additional 11,923 shares during the last quarter. 44.68% of the stock is currently owned by institutional investors.
Gaia (NASDAQ:GAIA) last issued its quarterly earnings results on Sunday, May 2nd. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $18.90 million during the quarter, compared to the consensus estimate of $18.80 million. Gaia had a return on equity of 6.15% and a net margin of 6.26%. On average, analysts expect that Gaia will post 0.11 EPS for the current year.
Gaia, Inc operates a digital video subscription service and on-line community for underserved member base in the United States, Canada, Australia, and internationally. The company has a digital content library of approximately 8,000 titles in Spanish, German, and French languages available to its subscribers on internet-connected devices.
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