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 (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.
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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