Insider Buying: Gaia (NASDAQ:GAIA) Director Buys $10,650.00 in Stock

Gaia, Inc. (NASDAQ:GAIA) Director Paul Howard Sutherland bought 7,500 shares of the business’s stock in a transaction on Friday, August 14th. The shares were acquired at an average price of $1.42 per share, with a total value of $10,650.00. Following the transaction, the director owned 438,573 shares of the company’s stock, valued at $622,773.66. The trade was a 1.74% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Paul Howard Sutherland also recently made the following trade(s):

• On Monday, August 17th, Paul Howard Sutherland acquired 3,420 shares of Gaia stock. The shares were acquired at an average cost of $1.47 per share, with a total value of $5,027.40.

Gaia Trading Down 4.6%

Shares of Gaia stock opened at $1.44 on Friday. Gaia, Inc. has a 1 year low of $1.16 and a 1 year high of $6.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.41 and a quick ratio of 0.41. The business has a 50 day moving average price of $1.97 and a 200 day moving average price of $2.55. The company has a market capitalization of $36.62 million, a P/E ratio of -6.00 and a beta of 0.95.

Gaia (NASDAQ:GAIA) last announced its earnings results on Monday, August 10th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. The firm had revenue of $23.33 million for the quarter, compared to analysts’ expectations of $24.60 million. Gaia had a negative return on equity of 5.82% and a negative net margin of 6.08%. Sell-side analysts anticipate that Gaia, Inc. will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Gaia

Several hedge funds have recently made changes to their positions in GAIA. Bank of America Corp DE grew its position in shares of Gaia by 201.9% in the second quarter. Bank of America Corp DE now owns 7,735 shares of the company’s stock valued at $34,000 after purchasing an additional 5,173 shares during the period. XTX Topco Ltd acquired a new stake in Gaia in the 4th quarter worth about $38,000. Ritholtz Wealth Management acquired a new stake in Gaia in the 4th quarter worth about $39,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Gaia in the 2nd quarter valued at about $41,000. Finally, JPMorgan Chase & Co. grew its holdings in Gaia by 2,493.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,509 shares of the company’s stock valued at $68,000 after buying an additional 14,911 shares during the period. Institutional investors and hedge funds 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 cut Gaia from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Weiss Ratings cut shares of Gaia from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

About Gaia

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.