Shares of Gaia Inc (NASDAQ:GAIA) have been given an average rating of “Buy” by the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $25.25.
Several brokerages have weighed in on GAIA. B. Riley increased their price target on Gaia to $26.00 and gave the stock a “buy” rating in a research report on Thursday, June 7th. BidaskClub raised Gaia from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Lake Street Capital increased their price target on Gaia to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Zacks Investment Research raised Gaia from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, July 11th. Finally, Roth Capital increased their price target on Gaia from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, June 22nd.
Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new stake in shares of Gaia during the 1st quarter worth about $1,710,000. Spectrum Asset Management Inc. NB CA boosted its stake in shares of Gaia by 94.0% during the 1st quarter. Spectrum Asset Management Inc. NB CA now owns 51,600 shares of the company’s stock worth $782,000 after acquiring an additional 25,000 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Gaia by 82.8% during the 4th quarter. Millennium Management LLC now owns 55,656 shares of the company’s stock worth $690,000 after acquiring an additional 25,202 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Gaia by 10.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 239,807 shares of the company’s stock worth $3,717,000 after acquiring an additional 23,051 shares in the last quarter. Finally, Amtrust Financial Services Inc. purchased a new stake in shares of Gaia during the 1st quarter worth about $388,000. 42.02% of the stock is currently owned by institutional investors and hedge funds.
GAIA traded up $0.10 during midday trading on Friday, hitting $17.65. 76,684 shares of the company were exchanged, compared to its average volume of 117,587. The company has a market capitalization of $314.14 million, a P/E ratio of -11.24 and a beta of 0.75. Gaia has a 1-year low of $10.85 and a 1-year high of $22.75.
Gaia (NASDAQ:GAIA) last announced its quarterly earnings results on Monday, August 6th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.07. The company had revenue of $10.46 million for the quarter, compared to the consensus estimate of $10.62 million. Gaia had a negative return on equity of 25.71% and a negative net margin of 64.31%. analysts predict that Gaia will post -1.67 earnings per share for the current fiscal year.
Gaia, Inc operates a digital video subscription service and online community that caters underserved subscribers 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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