Gaia Inc (GAIA) Receives Consensus Recommendation of “Buy” from Analysts

Gaia Inc (NASDAQ:GAIA) has been assigned an average rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $23.00.

Several equities analysts recently weighed in on GAIA shares. B. Riley set a $24.00 price target on Gaia and gave the company a “buy” rating in a research note on Tuesday, March 5th. Lake Street Capital cut their price target on Gaia to $20.00 and set a “buy” rating for the company in a research note on Tuesday, March 5th. ValuEngine lowered Gaia from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research upgraded Gaia from a “sell” rating to a “hold” rating in a research note on Friday, January 4th.

Institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC increased its stake in shares of Gaia by 62.3% in the 4th quarter. FNY Investment Advisers LLC now owns 3,267 shares of the company’s stock valued at $33,000 after purchasing an additional 1,254 shares in the last quarter. Bank of America Corp DE boosted its holdings in 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 buying an additional 5,873 shares during the last quarter. Shepherd Kaplan Krochuk LLC acquired a new stake in Gaia in the 4th quarter worth about $155,000. Rhumbline Advisers boosted its holdings in Gaia by 41.2% in the 4th quarter. Rhumbline Advisers now owns 16,994 shares of the company’s stock worth $176,000 after buying an additional 4,958 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Gaia by 25,564.1% in the 4th quarter. Bank of Montreal Can now owns 20,018 shares of the company’s stock worth $208,000 after buying an additional 19,940 shares during the last quarter. Hedge funds and other institutional investors own 46.33% of the company’s stock.

NASDAQ GAIA opened at $9.27 on Friday. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.15. Gaia has a fifty-two week low of $8.45 and a fifty-two week high of $22.75. The stock has a market cap of $162.89 million, a price-to-earnings ratio of -4.73 and a beta of 1.01.

Gaia (NASDAQ:GAIA) last announced its quarterly earnings results on Monday, March 4th. The company reported ($0.62) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.58) by ($0.04). Gaia had a negative net margin of 77.08% and a negative return on equity of 35.28%. The business had revenue of $12.38 million during the quarter, compared to analysts’ expectations of $13.08 million. Analysts forecast that Gaia will post -1.09 EPS for the current year.

Gaia Company Profile

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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