Gaia (NASDAQ:GAIA) Announces Quarterly Earnings Results

Gaia (NASDAQ:GAIA) issued its quarterly earnings results on Monday. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05), Zacks reports. Gaia had a negative return on equity of 5.00% and a negative net margin of 5.06%.The company had revenue of $24.98 million during the quarter, compared to the consensus estimate of $25.23 million.

Gaia Stock Down 1.2%

GAIA stock traded down $0.06 during trading on Wednesday, hitting $4.56. 6,154 shares of the company’s stock traded hands, compared to its average volume of 54,217. The stock has a market capitalization of $114.37 million, a price-to-earnings ratio of -23.97 and a beta of 0.84. Gaia has a 52 week low of $2.93 and a 52 week high of $6.53. The stock has a fifty day moving average price of $5.78 and a two-hundred day moving average price of $5.05.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Gaia in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Gaia has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

Hedge Funds Weigh In On Gaia

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in Gaia by 201.9% in the 2nd quarter. Bank of America Corp DE now owns 7,735 shares of the company’s stock worth $34,000 after buying an additional 5,173 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Gaia in the second quarter worth approximately $41,000. JPMorgan Chase & Co. grew its holdings in Gaia by 2,493.5% during the second quarter. JPMorgan Chase & Co. now owns 15,509 shares of the company’s stock worth $68,000 after acquiring an additional 14,911 shares during the period. Jane Street Group LLC acquired a new stake in Gaia during the first quarter valued at approximately $73,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Gaia during the 2nd quarter worth $90,000. Institutional investors and hedge funds own 40.53% of the company’s stock.

Gaia Company Profile

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.