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

Zacks Investment Research downgraded shares of Gaia (NASDAQ:GAIA) from a buy rating to a hold rating in a report issued on Friday, 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. “

GAIA has been the topic of a number of other reports. ValuEngine raised Gaia from a hold rating to a buy rating in a report on Monday, August 12th. Lake Street Capital lowered their price target on Gaia from $20.00 to $15.00 and set a buy rating on the stock in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Gaia currently has a consensus rating of Buy and an average price target of $15.67.

NASDAQ GAIA traded down $0.09 during trading hours on Friday, reaching $7.22. The company’s stock had a trading volume of 108,700 shares, compared to its average volume of 166,140. The firm’s 50-day moving average price is $6.88 and its 200-day moving average price is $8.65. 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 1 year low of $5.68 and a 1 year high of $17.80.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings results on Monday, August 5th. The company reported ($0.25) EPS for the quarter, topping the Zacks’ 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 company had revenue of $13.16 million for the quarter, compared to analysts’ expectations of $13.09 million. Research analysts predict that Gaia will post -1.1 EPS for the current fiscal year.

In other news, Director Paul Howard Sutherland acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $6.28 per share, with a total value of $94,200.00. Following the acquisition, the director now directly owns 89,057 shares of the company’s stock, valued at $559,277.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Jirka Rysavy acquired 105,879 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of $7.14 per share, for a total transaction of $755,976.06. The disclosure for this purchase can be found here. 34.83% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of GAIA. FNY Investment Advisers LLC raised its holdings in shares of Gaia by 46.3% during the 1st quarter. FNY Investment Advisers LLC now owns 4,781 shares of the company’s stock worth $43,000 after acquiring an additional 1,514 shares in the last quarter. Marshall Wace North America L.P. raised its holdings in shares of 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 acquiring an additional 3,240 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of 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 acquiring an additional 5,873 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of 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 acquiring an additional 2,901 shares in the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new stake in shares of Gaia during the 1st quarter worth approximately $132,000. 43.29% of the stock is currently owned by institutional investors and hedge funds.

Gaia Company Profile

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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