Gaia, Inc. (NASDAQ:GAIA) Short Interest Update

Gaia, Inc. (NASDAQ:GAIA) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 75,669 shares, a drop of 84.8% from the June 15th total of 496,536 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 475,528 shares, the short-interest ratio is currently 0.2 days.

Gaia Trading Up 3.9%

GAIA stock traded up $0.08 during midday trading on Friday, reaching $2.14. The company’s stock had a trading volume of 74,748 shares, compared to its average volume of 282,575. Gaia has a 52 week low of $1.98 and a 52 week high of $6.39. The stock has a market cap of $54.16 million, a PE ratio of -11.26 and a beta of 0.95. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.05. The business’s 50-day simple moving average is $2.37 and its 200-day simple moving average is $2.93.

Gaia (NASDAQ:GAIA) last issued its earnings results on Monday, May 4th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $24.31 million during the quarter, compared to analysts’ expectations of $25.00 million. Gaia had a negative net margin of 4.76% and a negative return on equity of 4.62%. As a group, sell-side analysts expect that Gaia will post -0.34 EPS for the current year.

Institutional Investors Weigh In On Gaia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in Gaia by 42.2% in the first quarter. Goldman Sachs Group Inc. now owns 28,622 shares of the company’s stock valued at $110,000 after purchasing an additional 8,500 shares during the last quarter. Jane Street Group LLC bought a new position in Gaia during the first quarter worth about $73,000. Geode Capital Management LLC boosted its holdings in Gaia by 113.3% during the second quarter. Geode Capital Management LLC now owns 405,602 shares of the company’s stock worth $1,781,000 after buying an additional 215,415 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Gaia by 2,493.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,509 shares of the company’s stock worth $68,000 after buying an additional 14,911 shares during the period. Finally, New York State Common Retirement Fund acquired a new position in shares of Gaia during the 2nd quarter worth about $90,000. Institutional investors own 40.53% of the company’s stock.

Analysts Set New Price Targets

GAIA has been the subject of a number of recent research reports. Wall Street Zen downgraded Gaia from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings cut Gaia from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Gaia presently has a consensus rating of “Sell”.

Gaia Company Profile

Gaia, Inc operates a subscription-based streaming platform specializing in conscious media, alternative health, spirituality and personal transformation. The company’s digital library features a curated selection of original series, documentaries, yoga and meditation classes, and instructional content aimed at mindfulness, holistic wellness and metaphysical exploration. Gaia’s service is accessible through its website, mobile applications and a variety of connected-TV devices, providing on-demand access to content across multiple channels and formats.

Since launching its streaming service in 2011, Gaia has focused on developing proprietary programming and forging content partnerships with thought leaders, teachers and filmmakers in the fields of yoga, Ayurveda, consciousness studies and alternative healing.