Lord Abbett & CO. LLC lessened its stake in shares of Gaia Inc (NASDAQ:GAIA) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 428,237 shares of the company’s stock after selling 55,286 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Gaia were worth $4,436,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in GAIA. Northern Trust Corp lifted its position in shares of Gaia by 27.8% in the 2nd quarter. Northern Trust Corp now owns 121,911 shares of the company’s stock worth $2,469,000 after purchasing an additional 26,534 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Gaia by 16.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 70,046 shares of the company’s stock valued at $1,079,000 after acquiring an additional 10,148 shares in the last quarter. FMR LLC increased its stake in shares of Gaia by 0.7% in the 3rd quarter. FMR LLC now owns 1,205,378 shares of the company’s stock valued at $18,563,000 after acquiring an additional 8,125 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Gaia by 23.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 294,432 shares of the company’s stock valued at $4,534,000 after acquiring an additional 56,125 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of Gaia by 45.7% in the 3rd quarter. Royce & Associates LP now owns 565,600 shares of the company’s stock valued at $8,710,000 after acquiring an additional 177,500 shares in the last quarter. 46.33% of the stock is owned by hedge funds and other institutional investors.
GAIA has been the subject of several research analyst reports. B. Riley set a $24.00 price objective on shares of Gaia and gave the company a “buy” rating in a research note on Tuesday, March 5th. Lake Street Capital lowered their price objective on shares of Gaia to $20.00 and set a “buy” rating for the company in a research note on Tuesday, March 5th. ValuEngine lowered shares of Gaia from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research upgraded shares of Gaia from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Gaia has an average rating of “Buy” and a consensus price target of $21.80.
Gaia (NASDAQ:GAIA) last announced its quarterly earnings results on Monday, March 4th. The company reported ($0.62) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.58) by ($0.04). The business had revenue of $12.38 million for the quarter, compared to the consensus estimate of $13.08 million. Gaia had a negative net margin of 77.08% and a negative return on equity of 35.28%. Analysts forecast that Gaia Inc will post -1.09 EPS for the current year.
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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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