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.

COPYRIGHT VIOLATION WARNING: “Gaia, Inc. (GAIA) Announces Earnings Results, Beats Expectations By $0.03 EPS” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/08/08/gaia-inc-gaia-announces-earnings-results-beats-expectations-by-0-03-eps.html.

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.

Earnings History for Gaia (NASDAQ:GAIA)

Receive News & Ratings for Gaia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.