Gaia (NASDAQ:GAIA) Downgraded to “Hold” at Zacks Investment Research

Gaia (NASDAQ:GAIA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, 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. “

Other analysts also recently issued reports about the stock. Lake Street Capital reduced their target price on shares of Gaia from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. ValuEngine raised shares of Gaia from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $15.83.

NASDAQ GAIA traded down $0.18 during trading on Friday, hitting $7.30. The company had a trading volume of 155,103 shares, compared to its average volume of 107,399. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Gaia has a one year low of $5.68 and a one year high of $17.80. The company has a market cap of $138.62 million, a price-to-earnings ratio of -3.72 and a beta of 1.20. The company’s fifty day moving average is $6.87 and its 200-day moving average is $8.54.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.06. The business had revenue of $13.16 million during the quarter, compared to analyst estimates of $13.09 million. Gaia had a negative net margin of 66.00% and a negative return on equity of 39.97%. As a group, equities analysts anticipate that Gaia will post -1.1 EPS for the current year.

In other news, Director Paul Howard Sutherland acquired 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average cost of $6.28 per share, with a total value of $94,200.00. Following the transaction, the director now owns 89,057 shares of the company’s stock, valued at approximately $559,277.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dae Mellencamp acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average cost of $7.25 per share, for a total transaction of $36,250.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $36,250. The disclosure for this purchase can be found here. Insiders have purchased a total of 128,379 shares of company stock worth $905,126 over the last three months. 34.83% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Gaia by 20.7% during the 1st quarter. FMR LLC now owns 1,758,793 shares of the company’s stock valued at $16,093,000 after acquiring an additional 302,072 shares during the last quarter. AWM Investment Company Inc. boosted its holdings in shares of Gaia by 121.7% during the 2nd quarter. AWM Investment Company Inc. now owns 716,180 shares of the company’s stock valued at $5,429,000 after acquiring an additional 393,206 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Gaia by 7.6% during the 1st quarter. Royce & Associates LP now owns 691,300 shares of the company’s stock valued at $6,325,000 after acquiring an additional 48,800 shares during the last quarter. P.A.W. Capital Corp boosted its holdings in shares of Gaia by 20.0% during the 2nd quarter. P.A.W. Capital Corp now owns 300,000 shares of the company’s stock valued at $2,274,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Gaia by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 297,525 shares of the company’s stock valued at $3,082,000 after acquiring an additional 3,093 shares during the last quarter. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

About Gaia

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.

Further Reading: Average Daily Trade Volume – ADTV

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