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.
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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