Gaia (NASDAQ:GAIA) Upgraded at Zacks Investment Research

Gaia (NASDAQ:GAIA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday, Zacks.com reports. The brokerage currently has a $9.25 price objective on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 0.87% from the stock’s previous close.

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. “

Several other equities analysts also recently issued reports on the company. ValuEngine raised Gaia from a “hold” rating to a “buy” rating in a research report on Wednesday. Lake Street Capital cut their target price 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $16.08.

Shares of GAIA stock traded up $0.94 during trading hours on Friday, reaching $9.17. 374,947 shares of the company’s stock were exchanged, compared to its average volume of 109,720. The stock’s 50 day moving average is $6.86 and its 200-day moving average is $8.09. The company has a market cap of $141.37 million, a price-to-earnings ratio of -4.68 and a beta of 1.10. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Gaia has a fifty-two week low of $5.68 and a fifty-two week high of $17.20.

Gaia (NASDAQ:GAIA) last released its earnings results on Monday, August 5th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $13.16 million for the quarter, compared to the consensus estimate of $13.09 million. Equities analysts anticipate that Gaia will post -1.1 EPS for the current year.

In other Gaia news, Director Dae Mellencamp purchased 5,000 shares of the stock in a transaction on Friday, August 16th. The shares were bought at an average cost of $7.25 per share, with a total value of $36,250.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $36,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Corina S. Granado purchased 100,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was acquired at an average cost of $12.00 per share, for a total transaction of $1,200,000.00. Over the last three months, insiders purchased 278,379 shares of company stock worth $2,369,126. 34.83% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC boosted its holdings in Gaia by 24.4% in the second quarter. Parametric Portfolio Associates LLC now owns 14,812 shares of the company’s stock valued at $112,000 after purchasing an additional 2,901 shares during the last quarter. Northern Trust Corp boosted its holdings in Gaia by 2.7% in the second quarter. Northern Trust Corp now owns 128,042 shares of the company’s stock valued at $971,000 after purchasing an additional 3,335 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Gaia by 12.1% in the second quarter. Bank of New York Mellon Corp now owns 41,972 shares of the company’s stock valued at $317,000 after purchasing an additional 4,524 shares during the last quarter. Shepherd Kaplan Krochuk LLC boosted its holdings in Gaia by 39.5% in the second quarter. Shepherd Kaplan Krochuk LLC now owns 106,094 shares of the company’s stock valued at $804,000 after purchasing an additional 30,067 shares during the last quarter. Finally, AWM Investment Company Inc. boosted its holdings in Gaia by 121.7% in the second 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. 47.81% of the stock is currently owned by institutional investors.

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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