Gaia (NASDAQ:GAIA) Rating Increased to Hold at Wall Street Zen

Gaia (NASDAQ:GAIA) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gaia in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Gaia Trading Up 5.4%

Shares of Gaia stock opened at $3.53 on Friday. Gaia has a twelve month low of $2.93 and a twelve month high of $6.39. The firm has a market capitalization of $88.64 million, a PE ratio of -18.58 and a beta of 0.94. The firm’s 50-day moving average price is $4.89 and its 200 day moving average price is $4.91.

Gaia (NASDAQ:GAIA) last released its earnings results on Monday, November 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). The business had revenue of $24.98 million during the quarter, compared to analyst estimates of $25.23 million. Gaia had a negative net margin of 4.87% and a negative return on equity of 4.80%. On average, sell-side analysts predict that Gaia will post -0.23 EPS for the current fiscal year.

Institutional Trading of Gaia

A number of institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Gaia by 21.1% in the first 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 last quarter. Huntleigh Advisors Inc. boosted its position in shares of Gaia by 5.6% in the 2nd quarter. Huntleigh Advisors Inc. now owns 69,456 shares of the company’s stock worth $305,000 after buying an additional 3,698 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Gaia by 32.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,468 shares of the company’s stock valued at $121,000 after acquiring an additional 4,959 shares during the last quarter. Bank of America Corp DE grew its stake in Gaia by 201.9% in the 2nd quarter. Bank of America Corp DE now owns 7,735 shares of the company’s stock valued at $34,000 after acquiring an additional 5,173 shares during the last quarter. Finally, Peapod Lane Capital LLC increased its holdings in Gaia by 1.1% during 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 currently owned by hedge funds and other institutional investors.

Gaia Company Profile

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.