B. Riley Cuts Gaia (NASDAQ:GAIA) Price Target to $4.00

Gaia (NASDAQ:GAIAGet Rating) had its target price lowered by equities researchers at B. Riley from $5.00 to $4.00 in a research report issued on Tuesday, The Fly reports. B. Riley’s price objective indicates a potential upside of 13.31% from the stock’s previous close. B. Riley also issued estimates for Gaia’s Q3 2022 earnings at $0.00 EPS, Q4 2022 earnings at $0.00 EPS, FY2022 earnings at $0.02 EPS, Q1 2023 earnings at $0.02 EPS, Q2 2023 earnings at $0.03 EPS, Q3 2023 earnings at $0.01 EPS and Q4 2023 earnings at $0.03 EPS.

A number of other research analysts also recently weighed in on GAIA. TheStreet downgraded Gaia from a “c” rating to a “d+” rating in a report on Tuesday, May 10th. StockNews.com initiated coverage on Gaia in a report on Sunday. They set a “buy” rating on the stock.

Gaia Stock Up 2.6 %

Shares of NASDAQ:GAIA opened at $3.53 on Tuesday. Gaia has a 1 year low of $3.30 and a 1 year high of $11.46. The company has a market cap of $73.34 million, a PE ratio of 27.16 and a beta of 0.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.46 and a quick ratio of 0.46. The stock’s 50-day moving average is $4.35 and its 200 day moving average is $5.36.

Gaia (NASDAQ:GAIAGet Rating) last announced its quarterly earnings results on Monday, May 2nd. The company reported $0.01 earnings per share (EPS) for the quarter. Gaia had a return on equity of 4.07% and a net margin of 3.50%. The company had revenue of $21.83 million for the quarter, compared to the consensus estimate of $21.64 million. Sell-side analysts anticipate that Gaia will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GAIA. MIC Capital Management UK LLP bought a new stake in shares of Gaia in the 4th quarter worth approximately $10,598,000. Royce & Associates LP boosted its position in shares of Gaia by 12.6% in the 4th quarter. Royce & Associates LP now owns 575,605 shares of the company’s stock worth $4,933,000 after purchasing an additional 64,456 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Gaia in the 4th quarter worth approximately $108,000. Charles Schwab Investment Management Inc. boosted its position in shares of Gaia by 12.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 95,245 shares of the company’s stock worth $469,000 after purchasing an additional 10,263 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Gaia by 15.1% in the 1st quarter. Acadian Asset Management LLC now owns 41,984 shares of the company’s stock worth $205,000 after purchasing an additional 5,505 shares in the last quarter. Hedge funds and other institutional investors own 40.49% of the company’s stock.

Gaia Company Profile

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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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