Shares of Gaia Inc (NASDAQ:GAIA) have received an average recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $22.00.
Several analysts recently commented on GAIA shares. ValuEngine downgraded shares of Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. Zacks Investment Research downgraded shares of Eisai from a “strong-buy” rating to a “hold” rating in a research report on Wednesday.
Hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC lifted its stake in shares of Gaia by 46.3% in the 1st quarter. FNY Investment Advisers LLC now owns 4,781 shares of the company’s stock worth $43,000 after purchasing an additional 1,514 shares during the period. 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 worth $69,000 after purchasing an additional 3,240 shares during the period. Bank of America Corp DE lifted its stake in shares of Gaia by 146.0% in the 4th quarter. Bank of America Corp DE now owns 9,896 shares of the company’s stock worth $102,000 after purchasing an additional 5,873 shares during the period. B. Riley Wealth Management Inc. bought a new position in shares of Gaia in the 1st quarter worth approximately $132,000. Finally, Rhumbline Advisers lifted its stake in shares of Gaia by 41.2% in the 4th quarter. Rhumbline Advisers now owns 16,994 shares of the company’s stock worth $176,000 after purchasing an additional 4,958 shares during the period. 42.83% of the stock is currently owned by institutional investors.
GAIA stock traded up $0.27 during midday trading on Friday, reaching $6.04. The company had a trading volume of 2,363 shares, compared to its average volume of 119,068. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.17. Gaia has a 1 year low of $5.70 and a 1 year high of $21.65. The company has a market cap of $105.97 million, a P/E ratio of -3.09 and a beta of 1.26. The company’s 50-day moving average is $7.21.
Gaia (NASDAQ:GAIA) last issued its quarterly earnings data on Monday, April 29th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.12. Gaia had a negative net margin of 73.85% and a negative return on equity of 38.97%. The business had revenue of $12.47 million for the quarter, compared to the consensus estimate of $12.76 million. As a group, analysts anticipate that Gaia will post -1.21 EPS for the current fiscal year.
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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