TheStreet downgraded shares of Gaia (NASDAQ:GAIA) from a c- rating to a d rating in a report published on Thursday.

Several other brokerages have also recently issued reports on GAIA. Zacks Investment Research cut shares of Gaia from a buy rating to a hold rating in a research note on Tuesday, July 24th. BidaskClub raised shares of Gaia from a hold rating to a buy rating in a research note on Friday, July 20th. Finally, Lake Street Capital lifted their price objective on shares of Gaia to $28.00 and gave the stock a buy rating in a research note on Tuesday, August 7th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $23.80.

GAIA stock opened at $12.37 on Thursday. Gaia has a 52 week low of $11.32 and a 52 week high of $22.75. The stock has a market cap of $233.86 million, a price-to-earnings ratio of -7.88 and a beta of 0.68.

Gaia (NASDAQ:GAIA) last released its quarterly earnings results on Monday, November 5th. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.17). Gaia had a negative return on equity of 29.95% and a negative net margin of 70.92%. The company had revenue of $11.39 million for the quarter, compared to the consensus estimate of $11.27 million. On average, sell-side analysts anticipate that Gaia will post -1.91 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its stake in shares of Gaia by 0.7% in the 3rd quarter. FMR LLC now owns 1,205,378 shares of the company’s stock worth $18,563,000 after purchasing an additional 8,125 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Gaia by 16.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 70,046 shares of the company’s stock worth $1,079,000 after purchasing an additional 10,148 shares during the last quarter. Unterberg Capital LLC grew its stake in shares of Gaia by 20.0% in the 3rd quarter. Unterberg Capital LLC now owns 300,000 shares of the company’s stock worth $4,620,000 after purchasing an additional 50,000 shares during the last quarter. P.A.W. Capital Corp grew its stake in shares of Gaia by 10.0% in the 3rd quarter. P.A.W. Capital Corp now owns 220,000 shares of the company’s stock worth $3,388,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Gaia by 27.8% in the 2nd quarter. Northern Trust Corp now owns 121,911 shares of the company’s stock worth $2,469,000 after purchasing an additional 26,534 shares during the last quarter. 43.22% 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 subscribers 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: Book Value Per Share – BVPS

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