Analysts Set Gaia Inc (GAIA) Target Price at $23.80

Gaia Inc (NASDAQ:GAIA) has been assigned an average rating of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $23.80.

Several research analysts have recently issued reports on the company. BidaskClub raised Gaia from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Lake Street Capital lifted their price objective on Gaia to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Finally, Zacks Investment Research upgraded Gaia from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Wednesday, July 11th.

Gaia stock opened at $16.77 on Friday. Gaia has a one year low of $11.32 and a one year high of $22.75. The firm has a market capitalization of $282.82 million, a price-to-earnings ratio of -10.68 and a beta of 0.82.

Gaia (NASDAQ:GAIA) last released its earnings results on Monday, August 6th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.07. The company had revenue of $10.46 million during the quarter, compared to the consensus estimate of $10.62 million. Gaia had a negative return on equity of 25.71% and a negative net margin of 64.31%. Equities research analysts expect that Gaia will post -1.67 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Royce & Associates LP increased its position in Gaia by 32.3% during the 2nd quarter. Royce & Associates LP now owns 388,100 shares of the company’s stock worth $7,859,000 after purchasing an additional 94,700 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Gaia in the 2nd quarter valued at about $332,000. Unterberg Capital LLC grew its holdings in Gaia by 47.1% in the 2nd quarter. Unterberg Capital LLC now owns 250,000 shares of the company’s stock valued at $5,063,000 after buying an additional 80,000 shares during the period. FMR LLC grew its holdings in Gaia by 1.7% in the 2nd quarter. FMR LLC now owns 1,197,253 shares of the company’s stock valued at $24,244,000 after buying an additional 19,993 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Gaia by 10.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 239,807 shares of the company’s stock valued at $3,717,000 after buying an additional 23,051 shares during the period. Hedge funds and other institutional investors own 42.82% of the company’s stock.

Gaia Company Profile

Gaia, Inc operates a digital video subscription service and online community that caters underserved subscribers worldwide. The company has a digital content library of approximately 8,000 titles available to its subscribers on Internet-connected devices. Its subscribers have access to a library of films, documentaries, interviews, yoga classes, transformation related content, and others for digital streaming.

See Also: Outstanding Shares

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