Gaia Inc (GAIA) Stake Lifted by Royce & Associates LP

Royce & Associates LP grew its position in shares of Gaia Inc (NASDAQ:GAIA) by 45.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 565,600 shares of the company’s stock after purchasing an additional 177,500 shares during the period. Royce & Associates LP owned approximately 3.16% of Gaia worth $8,710,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Gaia by 23.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 294,432 shares of the company’s stock valued at $4,534,000 after purchasing an additional 56,125 shares in the last quarter. FMR LLC grew its position in shares of Gaia by 0.7% during the 3rd quarter. FMR LLC now owns 1,205,378 shares of the company’s stock valued at $18,563,000 after purchasing an additional 8,125 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Gaia by 16.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 70,046 shares of the company’s stock valued at $1,079,000 after purchasing an additional 10,148 shares in the last quarter. Unterberg Capital LLC grew its position in shares of Gaia by 20.0% during the 3rd quarter. Unterberg Capital LLC now owns 300,000 shares of the company’s stock valued at $4,620,000 after purchasing an additional 50,000 shares in the last quarter. Finally, P.A.W. Capital Corp grew its position in shares of Gaia by 10.0% during the 3rd quarter. P.A.W. Capital Corp now owns 220,000 shares of the company’s stock valued at $3,388,000 after purchasing an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors own 49.13% of the company’s stock.

In related news, insider Paul C. Jr. Tarell bought 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was bought at an average cost of $11.72 per share, for a total transaction of $41,020.00. Following the completion of the transaction, the insider now owns 25,140 shares of the company’s stock, valued at $294,640.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 43.40% of the stock is currently owned by insiders.

GAIA has been the subject of a number of recent analyst reports. TheStreet lowered shares of Gaia from a “c-” rating to a “d” rating in a research report on Thursday, November 8th. Zacks Investment Research upgraded shares of Gaia from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a research report on Wednesday, October 10th. Finally, BidaskClub upgraded shares of Gaia from a “sell” rating to a “hold” rating in a research report on Saturday, October 6th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Gaia currently has a consensus rating of “Buy” and a consensus price target of $23.80.

Shares of NASDAQ:GAIA opened at $11.56 on Friday. Gaia Inc has a 52-week low of $11.32 and a 52-week high of $22.75.

Gaia (NASDAQ:GAIA) last announced its earnings results on Monday, November 5th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.17). Gaia had a negative return on equity of 29.95% and a negative net margin of 70.92%. The company had revenue of $11.39 million during the quarter, compared to analysts’ expectations of $11.27 million. Analysts forecast that Gaia Inc will post -1.91 EPS for the current fiscal year.

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About Gaia

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.

Read More: Hedge Funds – How They Work For Investors

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Institutional Ownership by Quarter for Gaia (NASDAQ:GAIA)

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