Gaia Inc (NASDAQ:GAIA) major shareholder Corina S. Granado bought 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was purchased at an average cost of $12.00 per share, with a total value of $1,200,000.00. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
GAIA opened at $6.99 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company’s fifty day moving average price is $6.77 and its two-hundred day moving average price is $8.15. Gaia Inc has a 1-year low of $5.68 and a 1-year high of $17.20. The company has a market cap of $128.50 million, a price-to-earnings ratio of -3.57 and a beta of 1.10.
Gaia (NASDAQ:GAIA) last released its quarterly earnings data on Monday, August 5th. The company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.06. The firm had revenue of $13.16 million for the quarter, compared to analyst estimates of $13.09 million. Gaia had a negative net margin of 66.00% and a negative return on equity of 39.97%. As a group, equities analysts forecast that Gaia Inc will post -1.1 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in Gaia by 146.0% during the fourth quarter. Bank of America Corp DE now owns 9,896 shares of the company’s stock worth $102,000 after acquiring an additional 5,873 shares in the last quarter. Deutsche Bank AG raised its position in shares of Gaia by 115.8% during the fourth quarter. Deutsche Bank AG now owns 102,313 shares of the company’s stock worth $1,059,000 after purchasing an additional 54,896 shares during the period. Royce & Associates LP raised its position in shares of Gaia by 7.6% during the first quarter. Royce & Associates LP now owns 691,300 shares of the company’s stock worth $6,325,000 after purchasing an additional 48,800 shares during the period. S Squared Technology LLC raised its position in shares of Gaia by 27.1% during the first quarter. S Squared Technology LLC now owns 234,139 shares of the company’s stock worth $2,142,000 after purchasing an additional 49,981 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Gaia during the 1st quarter valued at about $975,000. Institutional investors own 47.81% of the company’s stock.
Several brokerages have issued reports on GAIA. Zacks Investment Research upgraded Gaia from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a report on Thursday, September 5th. ValuEngine downgraded Gaia from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Lake Street Capital lowered 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Gaia has a consensus rating of “Buy” and a consensus price target of $15.50.
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.
Further Reading: Price to Earnings Ratio (PE) Basics
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