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

Wall Street Zen upgraded shares of Gaia (NASDAQ:GAIA) to a hold rating in a research report released on Saturday.

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

Gaia Stock Up 5.4%

Gaia stock opened at $3.53 on Friday. Gaia has a 52 week low of $2.93 and a 52 week high of $6.39. The company’s 50 day moving average price is $4.89 and its two-hundred day moving average price is $4.92. The stock has a market cap of $88.64 million, a P/E ratio of -18.58 and a beta of 0.94.

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

Institutional Investors Weigh In On Gaia

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Gaia in the second quarter worth about $41,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Gaia in the first quarter worth about $54,000. JPMorgan Chase & Co. raised its position in shares of Gaia by 2,493.5% in the second quarter. JPMorgan Chase & Co. now owns 15,509 shares of the company’s stock valued at $68,000 after purchasing an additional 14,911 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Gaia during the 1st quarter valued at approximately $73,000. Hedge funds and other institutional investors own 40.53% of the company’s stock.

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.