ValuEngine Lowers Gaia (GAIA) to Hold

ValuEngine cut shares of Gaia (NASDAQ:GAIA) from a buy rating to a hold rating in a research note released on Friday morning, ValuEngine reports.

Other research analysts have also recently issued research reports about the stock. B. Riley set a $24.00 target price on shares of Gaia and gave the stock a buy rating in a report on Tuesday, March 5th. Lake Street Capital reduced their target price on shares of Gaia to $20.00 and set a buy rating for the company in a report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $21.75.

NASDAQ GAIA opened at $8.93 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.94 and a quick ratio of 1.94. Gaia has a 12-month low of $8.45 and a 12-month high of $22.75. The firm has a market capitalization of $162.17 million, a price-to-earnings ratio of -4.56 and a beta of 1.07.

Gaia (NASDAQ:GAIA) last issued its earnings results on Monday, April 29th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $12.47 million during the quarter, compared to analysts’ expectations of $12.76 million. As a group, equities analysts anticipate that Gaia will post -1.21 earnings per share for the current year.

Several institutional investors have recently modified their holdings of GAIA. FMR LLC raised its holdings in shares of Gaia by 20.9% during the fourth quarter. FMR LLC now owns 1,456,721 shares of the company’s stock worth $15,092,000 after purchasing an additional 251,343 shares during the last quarter. Phoenician Capital LLC acquired a new stake in Gaia during the fourth quarter valued at $1,791,000. Menta Capital LLC acquired a new stake in Gaia during the fourth quarter valued at $1,290,000. Royce & Associates LP grew its position in Gaia by 13.6% during the fourth quarter. Royce & Associates LP now owns 642,500 shares of the company’s stock valued at $6,656,000 after buying an additional 76,900 shares during the period. Finally, Virginia National Bank grew its position in Gaia by 14.9% during the fourth quarter. Virginia National Bank now owns 577,091 shares of the company’s stock valued at $5,979,000 after buying an additional 74,994 shares during the period. 46.40% of the stock is owned by hedge funds and other institutional investors.

Gaia Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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