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.
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.
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