Gaia, Inc. (NASDAQ:GAIA – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 75,669 shares, a drop of 84.8% from the June 15th total of 496,536 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 475,528 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of Gaia
Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Gaia by 113.3% during the second quarter. Geode Capital Management LLC now owns 405,602 shares of the company’s stock worth $1,781,000 after purchasing an additional 215,415 shares during the last quarter. Marquette Asset Management LLC purchased a new position in shares of Gaia in the 2nd quarter worth approximately $189,000. Manatuck Hill Partners LLC bought a new position in shares of Gaia in the fourth quarter valued at approximately $290,000. Vanguard Group Inc. increased its position in shares of Gaia by 6.6% during the third quarter. Vanguard Group Inc. now owns 835,939 shares of the company’s stock valued at $4,949,000 after acquiring an additional 51,610 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Gaia during the fourth quarter valued at approximately $99,000. Hedge funds and other institutional investors own 40.53% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on GAIA. Weiss Ratings downgraded Gaia from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. Wall Street Zen cut Gaia from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Gaia Stock Down 0.5%
NASDAQ GAIA traded down $0.01 during trading hours on Monday, hitting $2.13. The company’s stock had a trading volume of 59,929 shares, compared to its average volume of 284,289. The company has a market capitalization of $53.91 million, a PE ratio of -11.21 and a beta of 0.95. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.05. Gaia has a 52 week low of $1.98 and a 52 week high of $6.39. The company’s 50-day simple moving average is $2.35 and its two-hundred day simple moving average is $2.91.
Gaia (NASDAQ:GAIA – Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $24.31 million during the quarter, compared to the consensus estimate of $25.00 million. Gaia had a negative return on equity of 4.62% and a negative net margin of 4.76%. Research analysts anticipate that Gaia will post -0.34 EPS for the current fiscal year.
About Gaia
Gaia, Inc operates a subscription-based streaming platform specializing in conscious media, alternative health, spirituality and personal transformation. The company’s digital library features a curated selection of original series, documentaries, yoga and meditation classes, and instructional content aimed at mindfulness, holistic wellness and metaphysical exploration. Gaia’s service is accessible through its website, mobile applications and a variety of connected-TV devices, providing on-demand access to content across multiple channels and formats.
Since launching its streaming service in 2011, Gaia has focused on developing proprietary programming and forging content partnerships with thought leaders, teachers and filmmakers in the fields of yoga, Ayurveda, consciousness studies and alternative healing.
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