Gaia (NASDAQ:GAIA) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Gaia (NASDAQ:GAIA) from a hold rating to a buy rating in a research report report published on Wednesday morning, Zacks.com reports. The firm currently has $8.50 price objective on the stock.

According to Zacks, “Gaia, Inc. provides digital video subscription service. Its video content is available through online digital streaming on virtually any Internet-connected device on a commercial-free basis. The Company’s subscribers access to a library of films, personal growth-related content, documentaries, interviews, yoga classes and fitness. It created a fitness and yoga-focused version of its video service. Gaia, Inc., formerly known as Gaiam Inc., is based in Louisville, United States. “

A number of other equities analysts have also weighed in on GAIA. Lake Street Capital decreased their target price on Gaia from $20.00 to $15.00 and set a buy rating on the stock in a research note on Tuesday, August 6th. ValuEngine upgraded Gaia from a hold rating to a buy rating in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of $15.83.

Shares of NASDAQ GAIA opened at $7.30 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock’s 50-day simple moving average is $6.87 and its two-hundred day simple moving average is $8.54. Gaia has a twelve month low of $5.68 and a twelve month high of $17.80.

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

In other news, Director Paul Howard Sutherland acquired 15,000 shares of Gaia stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $6.28 per share, for a total transaction of $94,200.00. Following the transaction, the director now owns 89,057 shares of the company’s stock, valued at $559,277.96. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Jirka Rysavy acquired 105,879 shares of Gaia stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $7.14 per share, for a total transaction of $755,976.06. The disclosure for this purchase can be found here. Insiders have bought a total of 128,379 shares of company stock worth $905,126 over the last quarter. Corporate insiders own 34.83% of the company’s stock.

Several institutional investors have recently made changes to their positions in GAIA. AWM Investment Company Inc. increased its position in shares of Gaia by 121.7% during the 2nd quarter. AWM Investment Company Inc. now owns 716,180 shares of the company’s stock valued at $5,429,000 after purchasing an additional 393,206 shares during the last quarter. FMR LLC increased its position in shares of Gaia by 20.7% during the 1st quarter. FMR LLC now owns 1,758,793 shares of the company’s stock valued at $16,093,000 after purchasing an additional 302,072 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Gaia during the 1st quarter valued at about $975,000. Deutsche Bank AG boosted its holdings in Gaia by 115.8% during the 4th 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 period. Finally, P.A.W. Capital Corp boosted its holdings in Gaia by 20.0% during the 2nd quarter. P.A.W. Capital Corp now owns 300,000 shares of the company’s stock valued at $2,274,000 after acquiring an additional 50,000 shares during the period. Hedge funds and other institutional investors own 43.04% 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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