Zacks Investment Research upgraded shares of Gaia (NASDAQ:GAIA) from a hold rating to a buy rating in a research report report published on Thursday, Zacks.com reports. The firm currently has $8.00 target price on the stock.
According to Zacks, “Gaia, Inc. provides digital video subscription service. Its video content is available through online digital streaming on virtually any Internet-connected device on a commercial-free basis. The Company’s subscribers access to a library of films, personal growth-related content, documentaries, interviews, yoga classes and fitness. It created a fitness and yoga-focused version of its video service. Gaia, Inc., formerly known as Gaiam Inc., is based in Louisville, United States. “
Separately, ValuEngine downgraded shares of Yext from a strong-buy rating to a buy rating in a research note on Friday, May 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Gaia has an average rating of Buy and an average price target of $17.33.
Shares of NASDAQ:GAIA opened at $7.01 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.17. The stock’s fifty day moving average is $7.30. Gaia has a fifty-two week low of $6.80 and a fifty-two week high of $22.10. The company has a market capitalization of $125.48 million, a price-to-earnings ratio of -3.58 and a beta of 1.26.
Gaia (NASDAQ:GAIA) last released its quarterly earnings data on Monday, April 29th. The company reported ($0.36) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.12. Gaia had a negative net margin of 73.85% and a negative return on equity of 38.97%. The business had revenue of $12.47 million during the quarter, compared to analyst estimates of $12.76 million. Equities research analysts anticipate that Gaia will post -1.21 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers lifted its stake in shares of Gaia by 41.2% in the fourth quarter. Rhumbline Advisers now owns 16,994 shares of the company’s stock worth $176,000 after buying an additional 4,958 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Gaia by 4.2% in the fourth quarter. California Public Employees Retirement System now owns 52,405 shares of the company’s stock worth $543,000 after buying an additional 2,100 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Gaia by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 297,525 shares of the company’s stock worth $3,082,000 after buying an additional 3,093 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Gaia by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 153,122 shares of the company’s stock worth $1,586,000 after buying an additional 10,842 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Gaia by 146.0% in the fourth quarter. Bank of America Corp DE now owns 9,896 shares of the company’s stock worth $102,000 after buying an additional 5,873 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.
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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