ValuEngine upgraded shares of Gaia (NASDAQ:GAIA) from a hold rating to a buy rating in a research note released on Monday, ValuEngine reports.

GAIA has been the topic of several other reports. Zacks Investment Research upgraded Gaia from a hold rating to a buy rating and set a $8.00 price target on the stock in a research report on Thursday, August 8th. Lake Street Capital reduced their price target on Gaia from $20.00 to $15.00 and set a buy rating on the stock in a research report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Gaia has a consensus rating of Buy and an average price target of $15.67.

GAIA opened at $7.31 on Monday. The stock’s 50 day simple moving average is $6.88 and its 200 day simple moving average is $8.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Gaia has a 1 year low of $5.68 and a 1 year high of $17.80. The firm has a market cap of $142.48 million, a price-to-earnings ratio of -3.73 and a beta of 1.20.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings results on Monday, August 5th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.06. Gaia had a negative return on equity of 39.97% and a negative net margin of 66.00%. The business had revenue of $13.16 million for the quarter, compared to analyst estimates of $13.09 million. As a group, sell-side analysts anticipate that Gaia will post -1.1 EPS for the current year.

In other Gaia news, Chairman Jirka Rysavy acquired 105,879 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of $7.14 per share, for a total transaction of $755,976.06. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul Howard Sutherland acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $6.28 per share, for a total transaction of $94,200.00. Following the completion of the transaction, the director now owns 89,057 shares in the company, valued at approximately $559,277.96. The disclosure for this purchase can be found here. 34.83% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of GAIA. Dimensional Fund Advisors LP raised its stake in Gaia by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 297,525 shares of the company’s stock valued at $3,082,000 after purchasing an additional 3,093 shares in the last quarter. Geode Capital Management LLC grew its position in Gaia by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 153,122 shares of the company’s stock valued at $1,586,000 after acquiring an additional 10,842 shares during the last quarter. Bank of America Corp DE grew its position in Gaia by 146.0% in the fourth quarter. Bank of America Corp DE now owns 9,896 shares of the company’s stock valued at $102,000 after acquiring an additional 5,873 shares during the last quarter. Deutsche Bank AG grew its position in Gaia by 115.8% in the fourth quarter. Deutsche Bank AG now owns 102,313 shares of the company’s stock valued at $1,059,000 after acquiring an additional 54,896 shares during the last quarter. Finally, P.A.W. Capital Corp grew its position in Gaia by 11.1% in the first quarter. P.A.W. Capital Corp now owns 250,000 shares of the company’s stock valued at $2,288,000 after acquiring an additional 25,000 shares during the last quarter. Hedge funds and other institutional investors own 43.29% of the company’s stock.

Gaia Company Profile

Gaia, Inc operates a digital video subscription service and online community that caters underserved subscriber base 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.

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