Gaia (NASDAQ:GAIA) Rating Lowered to Hold at BidaskClub

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BidaskClub cut shares of Gaia (NASDAQ:GAIA) from a buy rating to a hold rating in a research report sent to investors on Saturday, July 28th.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Gaia from a hold rating to a buy rating and set a $23.00 target price on the stock in a report on Wednesday, July 11th. Roth Capital boosted their price objective on shares of Gaia from $22.00 to $25.00 and gave the stock a buy rating in a report on Friday, June 22nd. B. Riley boosted their price objective on shares of Gaia to $26.00 and gave the stock a buy rating in a report on Thursday, June 7th. Finally, ValuEngine upgraded shares of Gaia from a buy rating to a strong-buy rating in a report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $24.80.

GAIA traded up $0.55 during trading on Friday, hitting $16.60. The stock had a trading volume of 99,009 shares, compared to its average volume of 135,956. The company has a market capitalization of $290.88 million, a PE ratio of -10.57 and a beta of 0.75. Gaia has a 12 month low of $10.85 and a 12 month high of $22.75.

Gaia (NASDAQ:GAIA) last announced its earnings results on Monday, August 6th. The company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.07. The firm had revenue of $10.46 million for the quarter, compared to the consensus estimate of $10.62 million. Gaia had a negative net margin of 64.31% and a negative return on equity of 25.71%. equities research analysts forecast that Gaia will post -1.67 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its position in Gaia by 1.7% in the second quarter. FMR LLC now owns 1,197,253 shares of the company’s stock valued at $24,244,000 after buying an additional 19,993 shares in the last quarter. BlackRock Inc. boosted its position in Gaia by 21.7% in the second quarter. BlackRock Inc. now owns 939,416 shares of the company’s stock valued at $19,023,000 after buying an additional 167,612 shares in the last quarter. Royce & Associates LP boosted its position in Gaia by 32.3% in the second quarter. Royce & Associates LP now owns 388,100 shares of the company’s stock valued at $7,859,000 after buying an additional 94,700 shares in the last quarter. Unterberg Capital LLC boosted its position in Gaia by 47.1% in the second quarter. Unterberg Capital LLC now owns 250,000 shares of the company’s stock valued at $5,063,000 after buying an additional 80,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Gaia by 10.6% in the first quarter. Dimensional Fund Advisors LP now owns 239,807 shares of the company’s stock valued at $3,717,000 after buying an additional 23,051 shares in the last quarter. 46.44% 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: Market Capitalization and Individual Investors

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