Key Points
- Director purchase: Gaia director Paul Howard Sutherland bought 3,725 shares at $3.57 on Dec. 8 for $13,298.25, raising his holdings to 261,007 shares (a 1.45% increase), according to an SEC filing.
- Market snapshot: shares opened at $3.42 (down ~3.1%), trade below the 50- and 200-day moving averages (~$4.84/$4.91), market cap ~ $85.9M, and the company shows negative profitability (PE -18, negative net margin and ROE).
- Analyst and institutional view: analysts are mixed but MarketBeat's consensus is a Moderate Buy with an average target of $9.00, and institutional investors own about 40.5% of the stock with several funds recently increasing positions.
Gaia, Inc. (NASDAQ:GAIA - Get Free Report) Director Paul Howard Sutherland purchased 3,725 shares of the company's stock in a transaction on Monday, December 8th. The stock was purchased at an average price of $3.57 per share, for a total transaction of $13,298.25. Following the purchase, the director directly owned 261,007 shares of the company's stock, valued at $931,794.99. This trade represents a 1.45% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Gaia Trading Down 3.1%
Shares of NASDAQ GAIA opened at $3.42 on Tuesday. Gaia, Inc. has a 12-month low of $2.93 and a 12-month high of $6.39. The company has a market cap of $85.88 million, a PE ratio of -18.00 and a beta of 0.95. The stock has a 50 day simple moving average of $4.84 and a 200-day simple moving average of $4.91.
Gaia (NASDAQ:GAIA - Get Free Report) last announced its earnings results on Monday, November 3rd. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). Gaia had a negative return on equity of 4.80% and a negative net margin of 4.87%.The firm had revenue of $24.98 million for the quarter, compared to the consensus estimate of $25.23 million. Sell-side analysts forecast that Gaia, Inc. will post -0.23 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently issued reports on GAIA shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Gaia in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Gaia to a "hold" rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $9.00.
Check Out Our Latest Stock Analysis on GAIA
Institutional Investors Weigh In On Gaia
A number of institutional investors and hedge funds have recently modified their holdings of GAIA. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Gaia by 21.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,453 shares of the company's stock valued at $79,000 after purchasing an additional 3,557 shares during the period. Huntleigh Advisors Inc. lifted its stake in Gaia by 5.6% during the second quarter. Huntleigh Advisors Inc. now owns 69,456 shares of the company's stock valued at $305,000 after buying an additional 3,698 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Gaia by 32.0% in the third quarter. JPMorgan Chase & Co. now owns 20,468 shares of the company's stock worth $121,000 after buying an additional 4,959 shares during the period. Bank of America Corp DE increased its position in shares of Gaia by 201.9% in the second quarter. Bank of America Corp DE now owns 7,735 shares of the company's stock worth $34,000 after acquiring an additional 5,173 shares in the last quarter. Finally, Peapod Lane Capital LLC lifted its position in shares of Gaia by 1.1% in the 3rd quarter. Peapod Lane Capital LLC now owns 626,214 shares of the company's stock valued at $3,707,000 after acquiring an additional 6,998 shares in the last quarter. 40.53% of the stock is owned by institutional investors and hedge funds.
Gaia Company Profile
(
Get Free Report)
Gaia, Inc operates a digital video subscription service and online community for underserved member base in the United States, Canada, Australia, and internationally. The company has a digital content library with various titles in Spanish, German, and French languages available to its subscribers on internet connected devices.
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