Wall Street Zen Downgrades Gaia (NASDAQ:GAIA) to Strong Sell

Gaia (NASDAQ:GAIA) was downgraded by analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings downgraded shares of Gaia from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Gaia presently has a consensus rating of “Sell”.

Gaia Stock Performance

Gaia stock opened at $1.46 on Friday. Gaia has a 12 month low of $1.16 and a 12 month high of $6.39. The company has a market capitalization of $37.13 million, a price-to-earnings ratio of -6.08 and a beta of 0.95. The business’s fifty day simple moving average is $2.06 and its two-hundred day simple moving average is $2.60. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.05.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.01. The firm had revenue of $23.33 million during the quarter, compared to the consensus estimate of $24.60 million. Gaia had a negative return on equity of 5.82% and a negative net margin of 6.08%. As a group, equities analysts predict that Gaia will post -0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of Gaia by 113.3% during the second quarter. Geode Capital Management LLC now owns 405,602 shares of the company’s stock valued at $1,781,000 after buying an additional 215,415 shares during the last quarter. Marquette Asset Management LLC bought a new stake in Gaia in the 2nd quarter worth about $189,000. Manatuck Hill Partners LLC bought a new stake in Gaia in the 4th quarter worth about $290,000. Vanguard Group Inc. raised its position in Gaia by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 835,939 shares of the company’s stock worth $4,949,000 after buying an additional 51,610 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Gaia during the 4th quarter valued at about $99,000. Hedge funds and other institutional investors own 40.53% of the company’s stock.

About Gaia

Gaia, Inc operates a subscription-based streaming platform specializing in conscious media, alternative health, spirituality and personal transformation. The company’s digital library features a curated selection of original series, documentaries, yoga and meditation classes, and instructional content aimed at mindfulness, holistic wellness and metaphysical exploration. Gaia’s service is accessible through its website, mobile applications and a variety of connected-TV devices, providing on-demand access to content across multiple channels and formats.

Since launching its streaming service in 2011, Gaia has focused on developing proprietary programming and forging content partnerships with thought leaders, teachers and filmmakers in the fields of yoga, Ayurveda, consciousness studies and alternative healing.