B. Riley set a $24.00 price objective on Gaia (NASDAQ:GAIA) in a research note published on Tuesday. The brokerage currently has a buy rating on the stock.
Several other brokerages also recently issued reports on GAIA. TheStreet downgraded shares of Gaia from a c- rating to a d rating in a research note on Thursday, November 8th. Zacks Investment Research downgraded shares of Gaia from a buy rating to a hold rating in a research note on Thursday, November 8th. ValuEngine downgraded shares of Gaia from a strong-buy rating to a buy rating in a research note on Monday, February 4th. Finally, Lake Street Capital decreased their price target on shares of Gaia to $20.00 and set a buy rating for the company in a research note on Tuesday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Gaia currently has a consensus rating of Buy and an average target price of $21.80.
Get Gaia alerts:Shares of NASDAQ GAIA opened at $9.64 on Tuesday. The stock has a market capitalization of $209.43 million, a price-to-earnings ratio of -6.14 and a beta of 1.01. Gaia has a 1 year low of $8.86 and a 1 year high of $22.75.
Gaia (NASDAQ:GAIA) last announced its quarterly earnings data on Monday, March 4th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.58) by ($0.04). Gaia had a negative return on equity of 29.95% and a negative net margin of 70.92%. On average, equities analysts forecast that Gaia will post -1.91 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Northern Trust Corp raised its stake in shares of Gaia by 27.8% during the second quarter. Northern Trust Corp now owns 121,911 shares of the company’s stock valued at $2,469,000 after acquiring an additional 26,534 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Gaia by 23.6% during the third quarter. Dimensional Fund Advisors LP now owns 294,432 shares of the company’s stock valued at $4,534,000 after acquiring an additional 56,125 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Gaia during the third quarter valued at approximately $709,000. AQR Capital Management LLC raised its stake in shares of Gaia by 202.4% during the third quarter. AQR Capital Management LLC now owns 36,085 shares of the company’s stock valued at $556,000 after acquiring an additional 24,152 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Gaia by 16.9% during the third quarter. JPMorgan Chase & Co. now owns 70,046 shares of the company’s stock valued at $1,079,000 after acquiring an additional 10,148 shares in the last quarter. 47.42% of the stock is owned by hedge funds and other institutional investors.
About Gaia
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.
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