Insider Buying: Gaia Inc (NASDAQ:GAIA) Major Shareholder Acquires 100,000 Shares of Stock

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Gaia Inc (NASDAQ:GAIA) major shareholder Corina S. Granado acquired 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were acquired at an average cost of $12.00 per share, with a total value of $1,200,000.00. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of GAIA opened at $8.21 on Thursday. Gaia Inc has a 52-week low of $5.68 and a 52-week high of $17.20. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $6.80 and a two-hundred day simple moving average of $8.11. The company has a market capitalization of $128.50 million, a PE ratio of -4.19 and a beta of 1.10.

Gaia (NASDAQ:GAIA) last announced its quarterly earnings results on Monday, August 5th. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.06. Gaia had a negative net margin of 66.00% and a negative return on equity of 39.97%. The firm had revenue of $13.16 million for the quarter, compared to analysts’ expectations of $13.09 million. As a group, equities analysts anticipate that Gaia Inc will post -1.1 earnings per share for the current fiscal year.

A number of analysts have commented on GAIA shares. Zacks Investment Research downgraded shares of Gaia from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded Gaia from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Lake Street Capital dropped their price target on Gaia from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $15.50.

A number of institutional investors have recently added to or reduced their stakes in GAIA. Bank of America Corp DE raised its stake in Gaia by 146.0% during the fourth quarter. Bank of America Corp DE now owns 9,896 shares of the company’s stock worth $102,000 after purchasing an additional 5,873 shares during the period. B. Riley Wealth Management Inc. acquired a new position in Gaia in the 1st quarter valued at about $132,000. P.A.W. Capital Corp grew its stake in shares of Gaia by 20.0% in the 2nd quarter. P.A.W. Capital Corp now owns 300,000 shares of the company’s stock valued at $2,274,000 after buying an additional 50,000 shares during the period. Marshall Wace LLP purchased a new stake in shares of Gaia in the 1st quarter valued at approximately $975,000. Finally, S Squared Technology LLC increased its holdings in shares of Gaia by 27.1% during the 1st quarter. S Squared Technology LLC now owns 234,139 shares of the company’s stock worth $2,142,000 after buying an additional 49,981 shares during the last quarter. Hedge funds and other institutional investors own 47.81% 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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Insider Buying and Selling by Quarter for Gaia (NASDAQ:GAIA)

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