Gaia (GAIA) Stock Rating Lowered by TheStreet

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Gaia (NASDAQ:GAIA) was downgraded by research analysts at TheStreet from a “c-” rating to a “d” rating in a research report issued to clients and investors on Thursday.

Several other research analysts also recently commented on GAIA. Zacks Investment Research raised shares of Gaia from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, July 11th. BidaskClub downgraded shares of Gaia from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Finally, Lake Street Capital raised their target price on shares of Gaia to $28.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.80.

GAIA stock traded up $0.15 during trading on Thursday, hitting $12.37. The company had a trading volume of 139,705 shares, compared to its average volume of 116,922. The company has a market capitalization of $233.86 million, a PE ratio of -7.88 and a beta of 0.68. Gaia has a 52-week low of $11.32 and a 52-week high of $22.75.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings results on Monday, November 5th. The company reported ($0.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by ($0.17). The company had revenue of $11.39 million during the quarter, compared to analysts’ expectations of $11.27 million. Gaia had a negative return on equity of 29.95% and a negative net margin of 70.92%. As a group, analysts predict that Gaia will post -1.91 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in Gaia by 237.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 8,240 shares of the company’s stock valued at $128,000 after purchasing an additional 5,796 shares during the period. Citadel Advisors LLC purchased a new position in Gaia during the 2nd quarter valued at about $332,000. Schwab Charles Investment Management Inc. increased its position in Gaia by 65.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 22,400 shares of the company’s stock valued at $454,000 after purchasing an additional 8,900 shares during the period. JPMorgan Chase & Co. increased its position in Gaia by 2,519.1% during the 1st quarter. JPMorgan Chase & Co. now owns 49,658 shares of the company’s stock valued at $770,000 after purchasing an additional 47,762 shares during the period. Finally, Millennium Management LLC increased its position in Gaia by 81.2% during the 1st quarter. Millennium Management LLC now owns 100,863 shares of the company’s stock valued at $1,563,000 after purchasing an additional 45,207 shares during the period. 43.22% 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 subscribers 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.

See Also: Exchange-Traded Funds (ETFs)

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