Gaia (NASDAQ:GAIA) Posts Earnings Results, Beats Estimates By $0.01 EPS

Gaia (NASDAQ:GAIA) posted its quarterly earnings results on Monday. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01, Zacks reports. Gaia had a negative return on equity of 6.37% and a negative net margin of 6.68%. The company had revenue of $22.16 million during the quarter.

Gaia Stock Performance

Shares of NASDAQ:GAIA traded up $0.02 during midday trading on Wednesday, reaching $5.98. 18,972 shares of the company traded hands, compared to its average volume of 31,391. The firm’s fifty day moving average price is $5.16 and its two-hundred day moving average price is $4.68. The firm has a market capitalization of $140.23 million, a price-to-earnings ratio of -23.92 and a beta of 0.62. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.06. Gaia has a 12 month low of $2.35 and a 12 month high of $6.30.

Analyst Ratings Changes

GAIA has been the topic of several recent research reports. StockNews.com started coverage on shares of Gaia in a report on Friday, September 6th. They set a “hold” rating on the stock. Lake Street Capital raised their price objective on shares of Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday.

About Gaia

Gaia, Inc operates a digital video subscription service and online community for underserved member base in the United States, Canada, Australia, and internationally. The company has a digital content library with various titles in Spanish, German, and French languages available to its subscribers on internet connected devices.