B. Riley Analysts Decrease Earnings Estimates for Gaia, Inc. (NASDAQ:GAIA)

Gaia, Inc. (NASDAQ:GAIAGet Rating) – Analysts at B. Riley lowered their Q2 2022 earnings per share (EPS) estimates for Gaia in a note issued to investors on Tuesday, May 3rd. B. Riley analyst E. Wold now expects that the company will earn $0.00 per share for the quarter, down from their previous estimate of $0.01. B. Riley also issued estimates for Gaia’s Q3 2022 earnings at $0.01 EPS, FY2022 earnings at $0.04 EPS, Q2 2023 earnings at $0.05 EPS and Q3 2023 earnings at $0.06 EPS.

Several other brokerages also recently weighed in on GAIA. StockNews.com assumed coverage on shares of Gaia in a report on Friday, April 29th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Gaia from a “sell” rating to a “hold” rating in a report on Wednesday, January 5th. Finally, Colliers Securities reissued a “buy” rating and set a $12.00 price objective on shares of Gaia in a report on Tuesday, March 1st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Gaia presently has a consensus rating of “Buy” and a consensus price target of $14.33.

Shares of Gaia stock opened at $4.95 on Wednesday. The company has a market capitalization of $101.23 million, a P/E ratio of 30.94 and a beta of 0.59. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.50 and a current ratio of 0.50. The company has a fifty day moving average of $5.44 and a 200 day moving average of $7.48. Gaia has a fifty-two week low of $4.43 and a fifty-two week high of $13.91.

Gaia (NASDAQ:GAIAGet Rating) last posted its quarterly earnings data on Monday, February 28th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.03 by $0.08. The firm had revenue of $20.83 million during the quarter, compared to analyst estimates of $21.01 million. Gaia had a return on equity of 5.02% and a net margin of 4.69%. During the same period in the prior year, the business posted $0.02 EPS.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GAIA. Harber Asset Management LLC bought a new position in shares of Gaia in the 3rd quarter valued at about $2,521,000. Royce & Associates LP lifted its holdings in shares of Gaia by 12.6% in the 4th quarter. Royce & Associates LP now owns 575,605 shares of the company’s stock valued at $4,933,000 after acquiring an additional 64,456 shares during the last quarter. B. Riley Wealth Management Inc. bought a new position in shares of Gaia in the 3rd quarter valued at about $102,000. BlackRock Inc. lifted its holdings in shares of Gaia by 9.6% in the 3rd quarter. BlackRock Inc. now owns 447,374 shares of the company’s stock valued at $4,239,000 after acquiring an additional 39,324 shares during the last quarter. Finally, GMT Capital Corp lifted its holdings in shares of Gaia by 124.1% in the 3rd quarter. GMT Capital Corp now owns 313,126 shares of the company’s stock valued at $2,968,000 after acquiring an additional 173,384 shares during the last quarter. 40.49% of the stock is owned by institutional investors and hedge funds.

Gaia Company Profile (Get Rating)

Gaia, Inc operates a digital video subscription service and on-line community for underserved member base in the United States, Canada, Australia, and internationally. It has a digital content library of approximately 10,000 titles in Spanish, German, and French languages available to its subscribers on internet-connected devices.

See Also

Earnings History and Estimates for Gaia (NASDAQ:GAIA)

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