Equities research analysts expect that Gaia Inc (NASDAQ:GAIA) will announce sales of $13.66 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Gaia’s earnings, with the lowest sales estimate coming in at $13.65 million and the highest estimate coming in at $13.66 million. Gaia reported sales of $11.39 million during the same quarter last year, which would suggest a positive year over year growth rate of 19.9%. The business is expected to report its next quarterly earnings report after the market closes on Monday, November 4th.

According to Zacks, analysts expect that Gaia will report full year sales of $53.76 million for the current financial year, with estimates ranging from $53.56 million to $53.96 million. For the next financial year, analysts forecast that the business will report sales of $70.49 million, with estimates ranging from $68.68 million to $72.29 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Gaia.

Gaia (NASDAQ:GAIA) last announced its earnings results on Monday, August 5th. The company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.06. Gaia had a negative return on equity of 39.97% and a negative net margin of 66.00%. The firm had revenue of $13.16 million for the quarter, compared to the consensus estimate of $13.09 million.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Gaia from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. ValuEngine upgraded Gaia from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, 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. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.50.

In related news, Director Paul Howard Sutherland purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of $6.28 per share, with a total value of $94,200.00. Following the acquisition, the director now owns 89,057 shares of the company’s stock, valued at approximately $559,277.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Corina S. Granado purchased 100,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was bought at an average cost of $12.00 per share, for a total transaction of $1,200,000.00. Insiders purchased a total of 281,629 shares of company stock worth $2,391,079 in the last ninety days. 34.83% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the stock. P.A.W. Capital Corp raised its holdings in Gaia by 20.0% during the 2nd quarter. P.A.W. Capital Corp now owns 300,000 shares of the company’s stock valued at $2,274,000 after acquiring an additional 50,000 shares during the period. Marshall Wace LLP bought a new stake in Gaia during the 1st quarter valued at $975,000. AWM Investment Company Inc. raised its holdings in Gaia by 121.7% during 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. Creative Planning bought a new stake in Gaia during the 2nd quarter valued at $274,000. Finally, Dalton Greiner Hartman Maher & Co. bought a new stake in Gaia during the 3rd quarter valued at $415,000. 48.16% of the stock is currently owned by institutional investors.

Shares of NASDAQ GAIA opened at $6.43 on Wednesday. Gaia has a twelve month low of $5.50 and a twelve month high of $16.44. The stock’s 50 day moving average price is $6.78 and its 200-day moving average price is $7.51. The company has a market capitalization of $117.63 million, a PE ratio of -3.28 and a beta of 1.10. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

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.

Read More: What are the economic characteristics of a bear market?

Get a free copy of the Zacks research report on Gaia (GAIA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Gaia (NASDAQ:GAIA)

Receive News & Ratings for Gaia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaia and related companies with MarketBeat.com's FREE daily email newsletter.