Gaia (NASDAQ:GAIA) Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Gaia (NASDAQ:GAIA) from a buy rating to a hold rating in a research note released on Friday morning, Zacks.com reports.

According to Zacks, “Gaia, Inc. provides digital video subscription service. Its video content is available through online digital streaming on virtually any Internet-connected device on a commercial-free basis. The Company’s subscribers access to a library of films, personal growth-related content, documentaries, interviews, yoga classes and fitness. It created a fitness and yoga-focused version of its video service. Gaia, Inc., formerly known as Gaiam Inc., is based in Louisville, United States. “

A number of other equities analysts also recently issued reports on the company. ValuEngine raised Gaia from a hold rating to a buy rating in a research report on Monday, August 12th. Lake Street Capital decreased their price objective on Gaia from $20.00 to $15.00 and set a buy rating for the company in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $15.67.

Shares of GAIA traded down $0.09 during midday trading on Friday, reaching $7.22. 108,700 shares of the stock were exchanged, compared to its average volume of 166,140. Gaia has a 52 week low of $5.68 and a 52 week high of $17.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The company’s 50 day moving average is $6.88 and its two-hundred day moving average is $8.65.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings results on Monday, August 5th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.06. Gaia had a negative return on equity of 39.97% and a negative net margin of 66.00%. The business had revenue of $13.16 million for the quarter, compared to the consensus estimate of $13.09 million. On average, equities research analysts anticipate that Gaia will post -1.1 earnings per share for the current fiscal year.

In related news, Chairman Jirka Rysavy acquired 105,879 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $7.14 per share, for a total transaction of $755,976.06. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul Howard Sutherland acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of $6.28 per share, with a total value of $94,200.00. Following the completion of the purchase, the director now directly owns 89,057 shares in the company, valued at $559,277.96. The disclosure for this purchase can be found here. Corporate insiders own 34.83% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC lifted its stake in shares of Gaia by 46.3% during 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 last quarter. Marshall Wace North America L.P. lifted its stake in shares of Gaia by 76.1% during 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 last quarter. Bank of America Corp DE lifted its stake in shares of Gaia by 146.0% during 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 last quarter. B. Riley Wealth Management Inc. purchased a new stake in shares of Gaia during the 1st quarter worth $132,000. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Gaia by 24.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 14,812 shares of the company’s stock worth $112,000 after purchasing an additional 2,901 shares during the last quarter. Hedge funds and other institutional investors own 43.29% of the company’s stock.

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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