Gaia (NASDAQ:GAIA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

According to Zacks, “Gaia, Inc. provides digital video subscription service. Its video content is available through online digital streaming on virtually any Internet-connected device on a commercial-free basis. The Company’s subscribers access to a library of films, personal growth-related content, documentaries, interviews, yoga classes and fitness. It created a fitness and yoga-focused version of its video service. Gaia, Inc., formerly known as Gaiam Inc., is based in Louisville, United States. “

GAIA has been the subject of several other research reports. Roth Capital reiterated a “buy” rating and issued a $13.00 price target on shares of Gaia in a research report on Wednesday, June 10th. B. Riley reiterated a “buy” rating and issued a $17.00 price target on shares of Gaia in a research report on Wednesday, June 10th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $13.75.

Shares of Gaia stock traded up $0.47 during trading hours on Monday, hitting $8.29. The company had a trading volume of 85,737 shares, compared to its average volume of 107,779. The company’s 50-day moving average is $8.35 and its two-hundred day moving average is $8.43. Gaia has a twelve month low of $4.70 and a twelve month high of $10.49. The company has a market cap of $146.78 million, a P/E ratio of -10.11 and a beta of 0.77. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.64 and a quick ratio of 0.64.

Gaia (NASDAQ:GAIA) last released its quarterly earnings results on Monday, April 27th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.03). Gaia had a negative net margin of 26.78% and a negative return on equity of 21.44%. The business had revenue of $14.51 million during the quarter, compared to analysts’ expectations of $15.06 million. Sell-side analysts expect that Gaia will post -0.45 EPS for the current year.

A number of institutional investors have recently made changes to their positions in GAIA. FMR LLC raised its position in 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 buying an additional 302,072 shares during the last quarter. BlackRock Inc. raised its position in Gaia by 3.3% during the 1st quarter. BlackRock Inc. now owns 877,833 shares of the company’s stock worth $7,797,000 after buying an additional 28,304 shares during the last quarter. Nuveen Asset Management LLC raised its position in Gaia by 23.4% during the 1st quarter. Nuveen Asset Management LLC now owns 38,961 shares of the company’s stock worth $346,000 after buying an additional 7,380 shares during the last quarter. UBS Group AG raised its position in Gaia by 89.2% during the 4th quarter. UBS Group AG now owns 15,221 shares of the company’s stock worth $121,000 after buying an additional 7,176 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Gaia by 28.2% during the 1st quarter. Wells Fargo & Company MN now owns 26,492 shares of the company’s stock worth $235,000 after buying an additional 5,823 shares during the last quarter. Institutional investors own 48.81% 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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