ValuEngine Lowers Gaia (NASDAQ:GAIA) to Hold

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ValuEngine cut shares of Gaia (NASDAQ:GAIA) from a buy rating to a hold rating in a research note released on Tuesday morning, ValuEngine reports.

Other analysts have also issued reports about the stock. Lake Street Capital decreased their target price on shares of Gaia from $20.00 to $15.00 and set a buy rating on the stock in a research report on Tuesday, August 6th. Zacks Investment Research upgraded shares of Gaia from a hold rating to a buy rating and set a $8.25 target price on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $15.75.

NASDAQ GAIA opened at $6.67 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The company’s fifty day moving average is $6.85 and its two-hundred day moving average is $8.41. Gaia has a 52-week low of $5.68 and a 52-week high of $17.80.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings results on Monday, August 5th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.06. The company had revenue of $13.16 million for the quarter, compared to analyst estimates of $13.09 million. Gaia had a negative net margin of 66.00% and a negative return on equity of 39.97%. Research analysts predict that Gaia will post -1.1 EPS for the current year.

In other news, Director Dae Mellencamp purchased 5,000 shares of Gaia stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $7.25 per share, for a total transaction of $36,250.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $36,250. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul Howard Sutherland purchased 15,000 shares of Gaia stock in a transaction on Wednesday, August 7th. The stock was purchased at an average price of $6.28 per share, for a total transaction of $94,200.00. Following the completion of the transaction, the director now owns 89,057 shares of the company’s stock, valued at $559,277.96. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 128,379 shares of company stock worth $905,126. 34.83% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. boosted its position in Gaia by 76.1% in the first quarter. Marshall Wace North America L.P. now owns 7,498 shares of the company’s stock valued at $69,000 after buying an additional 3,240 shares in the last quarter. Bank of America Corp DE boosted its position in Gaia by 146.0% in the fourth quarter. Bank of America Corp DE now owns 9,896 shares of the company’s stock valued at $102,000 after buying an additional 5,873 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Gaia by 24.4% in the second quarter. Parametric Portfolio Associates LLC now owns 14,812 shares of the company’s stock valued at $112,000 after buying an additional 2,901 shares in the last quarter. B. Riley Wealth Management Inc. acquired a new position in Gaia in the first quarter valued at about $132,000. Finally, Creative Planning acquired a new position in Gaia in the second quarter valued at about $274,000. Hedge funds and other institutional investors own 43.04% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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