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.

A number of institutional investors have recently added to or reduced their stakes in GAIA. AWM Investment Company Inc. raised its holdings in Gaia by 121.7% in the 2nd quarter. AWM Investment Company Inc. now owns 716,180 shares of the company’s stock valued at $5,429,000 after acquiring an additional 393,206 shares during the period. FMR LLC grew its position in shares of Gaia by 20.7% during the 1st quarter. FMR LLC now owns 1,758,793 shares of the company’s stock worth $16,093,000 after purchasing an additional 302,072 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Gaia during the 1st quarter worth approximately $975,000. Deutsche Bank AG grew its position in shares of Gaia by 115.8% during the 4th 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 in the last quarter. Finally, P.A.W. Capital Corp grew its position in shares of Gaia by 20.0% during the 2nd quarter. P.A.W. Capital Corp now owns 300,000 shares of the company’s stock worth $2,274,000 after purchasing an additional 50,000 shares in the last quarter. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

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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