Key Points
- Director Paul Howard Sutherland purchased 7,500 Gaia shares at an average price of $1.42, investing $10,650 and increasing his direct ownership to 438,573 shares.
- Gaia shares opened at $1.46 after recently trading down 3.3%; the company has a $37.12 million market capitalization and a 52-week range of $1.16 to $6.39.
- Gaia slightly beat quarterly EPS estimates but missed revenue expectations, remains unprofitable, and analysts maintain a consensus “Sell” rating.
Gaia, Inc. (NASDAQ:GAIA - Get Free Report) Director Paul Howard Sutherland acquired 7,500 shares of the business's stock in a transaction on Friday, August 14th. The shares were purchased at an average price of $1.42 per share, for a total transaction of $10,650.00. Following the transaction, the director directly owned 438,573 shares of the company's stock, valued at approximately $622,773.66. The trade was a 1.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Gaia Trading Down 3.3%
Shares of GAIA opened at $1.46 on Wednesday. Gaia, Inc. has a twelve month low of $1.16 and a twelve month high of $6.39. The company has a market cap of $37.12 million, a P/E ratio of -6.08 and a beta of 0.95. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.05. The company's fifty day simple moving average is $2.02 and its 200-day simple moving average is $2.57.
Gaia (NASDAQ:GAIA - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.01. Gaia had a negative net margin of 6.08% and a negative return on equity of 5.82%. The firm had revenue of $23.33 million during the quarter, compared to analysts' expectations of $24.60 million. As a group, analysts expect that Gaia, Inc. will post -0.41 EPS for the current year.
Institutional Trading of Gaia
Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in Gaia by 8.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 44,970 shares of the company's stock worth $163,000 after purchasing an additional 3,622 shares during the period. Peapod Lane Capital LLC grew its position in shares of Gaia by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 630,840 shares of the company's stock worth $2,290,000 after buying an additional 4,626 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Gaia by 32.0% during the third quarter. JPMorgan Chase & Co. now owns 20,468 shares of the company's stock valued at $121,000 after buying an additional 4,959 shares during the period. Geode Capital Management LLC raised its holdings in shares of Gaia by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 409,081 shares of the company's stock valued at $1,485,000 after acquiring an additional 5,037 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in 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 during the period. 40.53% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have issued reports on GAIA. Weiss Ratings lowered Gaia from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday, August 13th. Wall Street Zen downgraded Gaia from a "sell" rating to a "strong sell" rating in a report on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of "Sell".
Read Our Latest Report on GAIA
Gaia Company Profile
(
Get Free Report)
Gaia, Inc operates a subscription-based streaming platform specializing in conscious media, alternative health, spirituality and personal transformation. The company's digital library features a curated selection of original series, documentaries, yoga and meditation classes, and instructional content aimed at mindfulness, holistic wellness and metaphysical exploration. Gaia's service is accessible through its website, mobile applications and a variety of connected-TV devices, providing on-demand access to content across multiple channels and formats.
Since launching its streaming service in 2011, Gaia has focused on developing proprietary programming and forging content partnerships with thought leaders, teachers and filmmakers in the fields of yoga, Ayurveda, consciousness studies and alternative healing.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
