Gaia, Inc. (NASDAQ:GAIA) Sees Significant Increase in Short Interest

Gaia, Inc. (NASDAQ:GAIA – Get Rating) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 74,300 shares, a growth of 29.9% from the April 15th total of 57,200 shares. Based on an average daily trading volume, of 55,400 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.6% of the shares of the company are short sold.

Several research firms have recently weighed in on GAIA. TheStreet cut Gaia from a “c” rating to a “d+” rating in a report on Tuesday, May 10th. Colliers Securities restated a “buy” rating and issued a $12.00 price objective on shares of Gaia in a research note on Tuesday, March 1st. StockNews.com began coverage on Gaia in a research note on Sunday. They issued a “buy” rating for the company. Finally, B. Riley reduced their price objective on Gaia from $17.00 to $13.00 in a research note on Tuesday, March 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Gaia presently has a consensus rating of “Buy” and a consensus price target of $14.33.

A number of hedge funds have recently modified their holdings of the business. FMR LLC boosted its holdings in shares of Gaia by 20.7% during the 1st quarter. FMR LLC now owns 1,758,793 shares of the company’s stock valued at $16,093,000 after purchasing an additional 302,072 shares during the last quarter. MIC Capital Management UK LLP bought a new position in shares of Gaia during the 4th quarter valued at about $10,598,000. Royce & Associates LP boosted its holdings in shares of Gaia by 5.5% during the 1st quarter. Royce & Associates LP now owns 607,005 shares of the company’s stock valued at $2,986,000 after purchasing an additional 31,400 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Gaia by 0.4% during the 4th quarter. BlackRock Inc. now owns 449,320 shares of the company’s stock valued at $3,851,000 after purchasing an additional 1,946 shares during the last quarter. Finally, Harber Asset Management LLC bought a new position in shares of Gaia during the 3rd quarter valued at about $2,521,000. Institutional investors and hedge funds own 40.49% of the company’s stock.

GAIA stock traded up $0.05 during trading on Monday, reaching $4.86. The company’s stock had a trading volume of 21,108 shares, compared to its average volume of 51,437. Gaia has a 1 year low of $4.27 and a 1 year high of $13.91. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $99.40 million, a P/E ratio of 30.06 and a beta of 0.59. The company’s fifty day moving average is $5.19 and its 200-day moving average is $7.18.

Gaia (NASDAQ:GAIA – Get Rating) last issued its quarterly earnings results on Monday, February 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. Gaia had a return on equity of 4.65% and a net margin of 4.19%. The business had revenue of $20.83 million during the quarter, compared to analyst estimates of $21.01 million. During the same quarter in the prior year, the business posted $0.02 EPS. Analysts anticipate that Gaia will post 0.04 earnings per share for the current year.

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.

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