Gaia Inc (NASDAQ:GAIA) – Stock analysts at Dougherty & Co lifted their FY2019 earnings per share estimates for shares of Gaia in a research report issued to clients and investors on Tuesday, November 5th. Dougherty & Co analyst S. Frankel now expects that the company will post earnings of ($1.09) per share for the year, up from their previous estimate of ($1.19). Dougherty & Co also issued estimates for Gaia’s Q4 2019 earnings at ($0.25) EPS and FY2020 earnings at ($0.55) EPS.
Gaia (NASDAQ:GAIA) last released its earnings results on Monday, November 4th. The company reported ($0.23) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.04. The firm had revenue of $13.66 million during the quarter, compared to analysts’ expectations of $13.66 million. Gaia had a negative net margin of 51.13% and a negative return on equity of 33.88%.
GAIA stock opened at $9.00 on Friday. The stock has a market capitalization of $165.82 million, a P/E ratio of -4.59 and a beta of 1.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Gaia has a one year low of $5.50 and a one year high of $13.58. The company has a 50 day moving average price of $6.69 and a two-hundred day moving average price of $7.35.
In related news, Chairman James Keenan purchased 50,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were bought at an average price of $5.28 per share, for a total transaction of $264,000.00. Following the acquisition, the chairman now directly owns 91,000 shares in the company, valued at $480,480. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Corina S. Granado purchased 100,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was bought at an average price of $12.00 per share, for a total transaction of $1,200,000.00. Insiders acquired a total of 160,750 shares of company stock valued at $1,540,903 over the last ninety days. 34.83% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC acquired a new position in shares of Gaia in the 3rd quarter valued at $28,000. Russell Investments Group Ltd. acquired a new position in shares of Gaia in the 3rd quarter valued at $117,000. California Public Employees Retirement System boosted its holdings in shares of Gaia by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 134,305 shares of the company’s stock valued at $878,000 after purchasing an additional 7,400 shares during the last quarter. FNY Investment Advisers LLC boosted its holdings in shares of Gaia by 69.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 8,081 shares of the company’s stock valued at $52,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Oldfield Partners LLP boosted its holdings in shares of Gaia by 57.0% in the 3rd quarter. Oldfield Partners LLP now owns 70,841 shares of the company’s stock valued at $463,000 after purchasing an additional 25,718 shares during the last quarter. Institutional investors own 48.13% of the company’s stock.
Gaia Company Profile
Gaia, Inc operates a digital video subscription service and online community that caters underserved subscriber base 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.
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