Gaiam CEO Lynn Powers Sells 35,147 Shares (GAIA)
Gaiam (NASDAQ:GAIA) CEO Lynn Powers unloaded 35,147 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $8.32, for a total value of $292,423.04. Following the completion of the transaction, the chief executive officer now directly owns 224,000 shares in the company, valued at approximately $1,863,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Gaiam (NASDAQ:GAIA) traded down 0.26% during mid-day trading on Monday, hitting $7.68. The stock had a trading volume of 108,944 shares. Gaiam has a 52-week low of $4.46 and a 52-week high of $8.76. The stock has a 50-day moving average of $7.38 and a 200-day moving average of $6.90. The company’s market cap is $184.8 million.
Gaiam (NASDAQ:GAIA) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.04) by $0.05. On average, analysts predict that Gaiam will post $-0.03 earnings per share for the current fiscal year.
A number of research firms have recently commented on GAIA. Analysts at Sidoti upgraded shares of Gaiam from a “neutral” rating to a “buy” rating in a research note on Thursday, June 19th. Separately, analysts at Zacks upgraded shares of Gaiam from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $7.80 price target on the stock. Finally, analysts at Lake Street Capital initiated coverage on shares of Gaiam in a research note on Monday, April 28th. They set a “buy” rating and a $10.00 price target on the stock.
Gaiam, Inc (NASDAQ:GAIA) is a lifestyle media company providing a range of information, media, products and services to customers who value personal development, wellness, ecological lifestyles, and responsible media.
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