Gaia Inc (NASDAQ:GAIA) Given Consensus Recommendation of “Hold” by Analysts

Gaia Inc (NASDAQ:GAIA) has earned an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $22.00.

Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Gaia from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. B. Riley set a $24.00 price objective on shares of Gaia and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, Lake Street Capital lowered their price objective on shares of Gaia to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th.

Shares of NASDAQ GAIA opened at $7.61 on Wednesday. The business has a 50 day moving average price of $7.86. The company has a market capitalization of $135.32 million, a P/E ratio of -3.88 and a beta of 1.32. Gaia has a 52-week low of $6.95 and a 52-week high of $22.75. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.17.

Gaia (NASDAQ:GAIA) last issued its earnings results on Monday, April 29th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.12. The firm had revenue of $12.47 million for the quarter, compared to the consensus estimate of $12.76 million. Gaia had a negative net margin of 73.85% and a negative return on equity of 38.97%. As a group, equities research analysts forecast that Gaia will post -1.21 earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC lifted its position in Gaia by 46.3% during the first quarter. FNY Investment Advisers LLC now owns 4,781 shares of the company’s stock valued at $43,000 after purchasing an additional 1,514 shares during the period. Marshall Wace North America L.P. lifted its position in Gaia by 76.1% during the first quarter. Marshall Wace North America L.P. now owns 7,498 shares of the company’s stock valued at $69,000 after purchasing an additional 3,240 shares during the period. Bank of America Corp DE lifted its position in Gaia by 146.0% during the fourth quarter. Bank of America Corp DE now owns 9,896 shares of the company’s stock valued at $102,000 after purchasing an additional 5,873 shares during the period. B. Riley Wealth Management Inc. bought a new position in Gaia during the first quarter valued at approximately $132,000. Finally, Shepherd Kaplan Krochuk LLC bought a new position in Gaia during the fourth quarter valued at approximately $155,000. Institutional investors own 43.20% 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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