Gaia, Inc. (GAIA) Announces Earnings Results, Beats Expectations By $0.03 EPS
Gaia, Inc. (NASDAQ:GAIA) posted its earnings results on Monday. The company reported ($0.42) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.03, Morningstar.com reports. Gaia had a negative return on equity of 13.94% and a net margin of 460.97%. The firm had revenue of $6.56 million for the quarter.
Gaia (GAIA) traded down 6.23% during midday trading on Tuesday, reaching $12.05. The company had a trading volume of 143,911 shares. The company’s 50 day moving average is $11.28 and its 200-day moving average is $10.21. The company has a market capitalization of $182.59 million, a P/E ratio of 2.38 and a beta of 1.15. Gaia has a 52-week low of $6.05 and a 52-week high of $13.50.
Separately, Lake Street Capital reaffirmed a “buy” rating and issued a $17.00 target price (up previously from $12.00) on shares of Gaia in a research note on Tuesday, May 2nd.
Large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its stake in Gaia by 23.0% in the second quarter. Royce & Associates LP now owns 133,500 shares of the company’s stock valued at $1,495,000 after buying an additional 25,000 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Gaia by 37.9% in the second quarter. Bank of New York Mellon Corp now owns 31,220 shares of the company’s stock valued at $350,000 after buying an additional 8,587 shares during the last quarter. Rhumbline Advisers raised its stake in Gaia by 1.3% in the second quarter. Rhumbline Advisers now owns 11,834 shares of the company’s stock valued at $133,000 after buying an additional 155 shares during the last quarter. Spectrum Asset Management Inc. NB CA acquired a new stake in Gaia during the second quarter valued at about $153,000. Finally, Strs Ohio raised its stake in Gaia by 6.1% in the second quarter. Strs Ohio now owns 36,800 shares of the company’s stock valued at $412,000 after buying an additional 2,100 shares during the last quarter. 31.64% of the stock is owned by institutional investors and hedge funds.
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Gaia Company Profile
Gaia, Inc, formerly Gaiam, Inc, is engaged in providing global digital video subscription service. The Company is a global digital video streaming service and online community delivering curated media to its subscribers in over 120 countries. It provides its members access to approximately 7,000 video titles.
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