Gaia (NASDAQ:GAIA) Raised to Hold at Wall Street Zen

Gaia (NASDAQ:GAIA) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Gaia in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Gaia presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

Gaia Stock Performance

Gaia stock opened at $3.53 on Friday. Gaia has a fifty-two week low of $2.93 and a fifty-two week high of $6.39. The company has a market capitalization of $88.64 million, a price-to-earnings ratio of -18.58 and a beta of 0.94. The stock has a fifty day moving average of $4.89 and a two-hundred day moving average of $4.91.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings data on Monday, November 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $24.98 million for the quarter, compared to the consensus estimate of $25.23 million. Gaia had a negative return on equity of 4.80% and a negative net margin of 4.87%. On average, analysts forecast that Gaia will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Gaia

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of Gaia by 201.9% during the 2nd quarter. Bank of America Corp DE now owns 7,735 shares of the company’s stock valued at $34,000 after buying an additional 5,173 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Gaia in the 2nd quarter worth $41,000. OMERS ADMINISTRATION Corp acquired a new position in Gaia in the first quarter valued at $54,000. JPMorgan Chase & Co. grew its position in Gaia by 2,493.5% during the second quarter. JPMorgan Chase & Co. now owns 15,509 shares of the company’s stock valued at $68,000 after acquiring an additional 14,911 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Gaia during the first quarter valued at about $73,000. Institutional investors and hedge funds own 40.53% of the company’s stock.

Gaia Company Profile

Gaia, Inc operates a digital video subscription service and online community for underserved member base in the United States, Canada, Australia, and internationally. The company has a digital content library with various titles in Spanish, German, and French languages available to its subscribers on internet connected devices.