Gaia Inc (NASDAQ:GAIA) – Equities research analysts at B. Riley lowered their FY2019 EPS estimates for shares of Gaia in a report released on Tuesday, November 5th. B. Riley analyst E. Wold now expects that the company will post earnings per share of ($1.02) for the year, down from their prior forecast of ($1.01). B. Riley also issued estimates for Gaia’s Q4 2019 earnings at ($0.17) EPS, Q1 2020 earnings at ($0.18) EPS, Q2 2020 earnings at ($0.14) EPS, Q4 2020 earnings at ($0.08) EPS, FY2020 earnings at ($0.50) EPS and FY2021 earnings at ($0.12) EPS.
Other equities analysts have also issued reports about the company. Lake Street Capital reduced their price target on Gaia from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. ValuEngine upgraded Gaia from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research lowered Gaia from a “buy” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $15.42.
Shares of Gaia stock traded down $0.06 during trading on Friday, hitting $8.91. 1,751 shares of the stock traded hands, compared to its average volume of 103,808. The firm’s fifty day moving average is $6.66 and its 200-day moving average is $7.35. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Gaia has a 52 week low of $5.50 and a 52 week high of $13.58. The stock has a market cap of $165.82 million, a price-to-earnings ratio of -4.55 and a beta of 1.10.
Gaia (NASDAQ:GAIA) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.04. The firm had revenue of $13.66 million for the quarter, compared to analyst estimates of $13.66 million. Gaia had a negative return on equity of 33.88% and a negative net margin of 51.13%.
In other Gaia news, major shareholder Corina S. Granado acquired 100,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were purchased at an average cost of $12.00 per share, for a total transaction of $1,200,000.00. Also, Chairman James Keenan acquired 50,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was acquired at an average price of $5.28 per share, for a total transaction of $264,000.00. Following the completion of the transaction, the chairman now owns 91,000 shares in the company, valued at approximately $480,480. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 160,750 shares of company stock worth $1,540,903. 34.83% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new stake in shares of Gaia in the 3rd quarter worth approximately $28,000. FNY Investment Advisers LLC boosted its holdings in Gaia by 69.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 8,081 shares of the company’s stock worth $52,000 after buying an additional 3,300 shares during the last quarter. Marshall Wace North America L.P. boosted its holdings in Gaia by 76.1% in the 1st quarter. Marshall Wace North America L.P. now owns 7,498 shares of the company’s stock worth $69,000 after buying an additional 3,240 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Gaia by 24.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 14,812 shares of the company’s stock worth $112,000 after buying an additional 2,901 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Gaia in the 3rd quarter worth about $117,000. Hedge funds and other institutional investors own 48.13% of the company’s stock.
Gaia, Inc operates a digital video subscription service and online community that caters underserved subscriber base 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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