Gaia (NASDAQ:GAIA) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen lowered shares of Gaia (NASDAQ:GAIAFree Report) from a sell rating to a strong sell rating in a research report report published on Saturday morning.

Separately, Weiss Ratings cut shares of Gaia from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Gaia currently has an average rating of “Sell”.

Read Our Latest Research Report on GAIA

Gaia Trading Up 3.4%

GAIA stock opened at $1.51 on Friday. The firm’s 50-day moving average is $2.04 and its 200 day moving average is $2.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.41 and a quick ratio of 0.41. Gaia has a 12 month low of $1.16 and a 12 month high of $6.39. The company has a market capitalization of $38.40 million, a PE ratio of -6.29 and a beta of 0.95.

Gaia (NASDAQ:GAIAGet Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.01. Gaia had a negative net margin of 6.08% and a negative return on equity of 5.82%. The firm had revenue of $23.33 million during the quarter, compared to analysts’ expectations of $24.60 million. On average, research analysts anticipate that Gaia will post -0.41 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GAIA. Bank of America Corp DE raised its stake in Gaia by 201.9% in the second quarter. Bank of America Corp DE now owns 7,735 shares of the company’s stock valued at $34,000 after buying an additional 5,173 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Gaia during the fourth quarter valued at about $38,000. Ritholtz Wealth Management acquired a new position in shares of Gaia during the fourth quarter valued at about $39,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Gaia in the 2nd quarter valued at approximately $41,000. Finally, JPMorgan Chase & Co. boosted its stake in Gaia by 2,493.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,509 shares of the company’s stock worth $68,000 after purchasing an additional 14,911 shares in the last quarter. 40.53% of the stock is currently owned by hedge funds and other institutional investors.

About Gaia

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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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