Dae Mellencamp Acquires 5,000 Shares of Gaia Inc (NASDAQ:GAIA) Stock
Gaia Inc (NASDAQ:GAIA) Director Dae Mellencamp bought 5,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of $7.25 per share, for a total transaction of $36,250.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $36,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Gaia stock traded up $0.46 during trading hours on Monday, hitting $7.68. The company had a trading volume of 6,812 shares, compared to its average volume of 167,998. The firm has a market cap of $134.39 million, a PE ratio of -3.92 and a beta of 1.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Gaia Inc has a one year low of $5.68 and a one year high of $17.80. The firm has a 50-day moving average of $6.88 and a 200 day moving average of $8.65.
Gaia (NASDAQ:GAIA) last released its quarterly earnings results on Monday, August 5th. The company reported ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.06. The firm had revenue of $13.16 million for the quarter, compared to analysts’ expectations 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, research analysts expect that Gaia Inc will post -1.1 earnings per share for the current year.
GAIA has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Gaia from a “buy” rating to a “hold” rating in a report on Friday. Lake Street Capital lowered their price target on shares of Gaia from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Finally, ValuEngine raised shares of Gaia from a “hold” rating to a “buy” rating in a report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $15.67.
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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