Gaia Inc (NASDAQ:GAIA) has been given a consensus recommendation of “Buy” by the eight brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $25.25.
GAIA has been the topic of a number of research analyst reports. BidaskClub lowered Gaia from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. Zacks Investment Research raised Gaia from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a report on Wednesday, October 10th. Finally, TheStreet lowered Gaia from a “c-” rating to a “d” rating in a report on Thursday, November 8th.
In other news, insider Paul C. Jr. Tarell acquired 3,500 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The shares were bought at an average price of $11.72 per share, with a total value of $41,020.00. Following the acquisition, the insider now owns 25,140 shares of the company’s stock, valued at $294,640.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 43.40% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the company. Marshall Wace North America L.P. acquired a new stake in shares of Gaia during the 3rd quarter worth approximately $709,000. Vanguard Group Inc. grew its holdings in shares of Gaia by 13.0% during the 3rd quarter. Vanguard Group Inc. now owns 611,347 shares of the company’s stock worth $9,414,000 after purchasing an additional 70,517 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Gaia by 202.4% during the 3rd quarter. AQR Capital Management LLC now owns 36,085 shares of the company’s stock worth $556,000 after purchasing an additional 24,152 shares in the last quarter. Virginia National Bank acquired a new stake in shares of Gaia during the 3rd quarter worth approximately $7,732,000. Finally, Allianz Asset Management GmbH grew its holdings in shares of Gaia by 13.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 261,786 shares of the company’s stock worth $4,032,000 after purchasing an additional 31,346 shares in the last quarter. 49.13% of the stock is currently owned by institutional investors.
GAIA opened at $11.56 on Friday. The company has a market capitalization of $221.07 million, a price-to-earnings ratio of -7.36 and a beta of 0.66. Gaia has a 12-month low of $11.32 and a 12-month high of $22.75.
Gaia (NASDAQ:GAIA) last released its earnings results on Monday, November 5th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by ($0.17). The business had revenue of $11.39 million during the quarter, compared to analyst estimates of $11.27 million. Gaia had a negative net margin of 70.92% and a negative return on equity of 29.95%. Equities research analysts forecast that Gaia will post -1.91 earnings per share for the current fiscal year.
Gaia, Inc operates a digital video subscription service and online community that caters underserved subscribers 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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