Gaia (NASDAQ:GAIA) Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Gaia (NASDAQ:GAIA) from a buy rating to a hold rating in a research report sent to investors on Tuesday, Zacks.com reports.

According to Zacks, “Gaia, Inc. provides digital video subscription service. Its video content is available through online digital streaming on virtually any Internet-connected device on a commercial-free basis. The Company’s subscribers access to a library of films, personal growth-related content, documentaries, interviews, yoga classes and fitness. It created a fitness and yoga-focused version of its video service. Gaia, Inc., formerly known as Gaiam Inc., is based in Louisville, United States. “

Several other research analysts have also recently commented on GAIA. ValuEngine raised Gaia from a hold rating to a buy rating in a research note on Wednesday, September 11th. Lake Street Capital lowered their target price on Gaia from $20.00 to $15.00 and set a buy rating for the company in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $15.83.



GAIA opened at $7.48 on Tuesday. Gaia has a 12 month low of $5.68 and a 12 month high of $17.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The business has a fifty day moving average price of $7.20 and a 200 day moving average price of $7.99.

Gaia (NASDAQ:GAIA) last released its earnings results on Monday, August 5th. The company reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.06. Gaia had a negative return on equity of 39.97% and a negative net margin of 66.00%. The firm had revenue of $13.16 million during the quarter, compared to analysts’ expectations of $13.09 million. Research analysts anticipate that Gaia will post -1.1 EPS for the current year.

In other Gaia news, major shareholder Corina S. Granado purchased 100,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was bought at an average cost of $12.00 per share, with a total value of $1,200,000.00. Also, Director Dae Mellencamp purchased 5,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were acquired at an average cost of $7.25 per share, with a total value of $36,250.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $36,250. The disclosure for this purchase can be found here. Insiders have acquired a total of 278,379 shares of company stock valued at $2,369,126 over the last ninety days. 34.83% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC lifted its holdings in Gaia by 24.4% during 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. Marshall Wace North America L.P. lifted its holdings in Gaia by 76.1% during 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. Northern Trust Corp lifted its holdings in Gaia by 2.7% during the 2nd quarter. Northern Trust Corp now owns 128,042 shares of the company’s stock worth $971,000 after buying an additional 3,335 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Gaia by 12.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,972 shares of the company’s stock worth $317,000 after buying an additional 4,524 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Gaia by 146.0% during the 4th quarter. Bank of America Corp DE now owns 9,896 shares of the company’s stock worth $102,000 after buying an additional 5,873 shares during the last quarter. 47.81% of the stock is owned by institutional investors.

About Gaia

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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