Gaia, Inc. (NASDAQ:GAIA) Short Interest Update

Gaia, Inc. (NASDAQ:GAIA) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 261,766 shares, a growth of 242.0% from the July 30th total of 76,530 shares. Based on an average daily trading volume, of 244,472 shares, the short-interest ratio is presently 1.1 days. Currently, 1.4% of the shares of the company are sold short.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wall Street Zen downgraded Gaia from a “sell” rating to a “strong sell” rating in a 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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Gaia Stock Performance

NASDAQ:GAIA opened at $1.55 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $39.42 million, a P/E ratio of -6.46 and a beta of 0.95. The firm has a 50-day moving average price of $1.87 and a two-hundred day moving average price of $2.48. Gaia has a twelve month low of $1.16 and a twelve month high of $6.39.

Gaia (NASDAQ:GAIA) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. Gaia had a negative net margin of 6.08% and a negative return on equity of 5.82%. The company had revenue of $23.33 million for the quarter, compared to the consensus estimate of $24.60 million. As a group, research analysts expect that Gaia will post -0.41 earnings per share for the current fiscal year.

Institutional Trading of Gaia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GAIA. Geode Capital Management LLC boosted its stake in shares of Gaia by 113.3% during the 2nd quarter. Geode Capital Management LLC now owns 405,602 shares of the company’s stock worth $1,781,000 after purchasing an additional 215,415 shares during the last quarter. Marquette Asset Management LLC acquired a new position in Gaia in the 2nd quarter valued at $189,000. Manatuck Hill Partners LLC acquired a new position in Gaia in the 4th quarter valued at $290,000. Vanguard Group Inc. lifted its stake in shares of Gaia by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 835,939 shares of the company’s stock worth $4,949,000 after purchasing an additional 51,610 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Gaia during the 4th quarter worth $99,000. Hedge funds and other institutional investors own 40.53% of the company’s stock.

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.