Wall Street brokerages forecast that Gaia Inc (NASDAQ:GAIA) will post $13.66 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Gaia’s earnings, with estimates ranging from $13.65 million to $13.66 million. Gaia reported sales of $11.39 million during the same quarter last year, which indicates a positive year-over-year growth rate of 19.9%. The company is expected to issue its next earnings report on Monday, November 4th.
On average, analysts expect that Gaia will report full-year sales of $53.76 million for the current financial year, with estimates ranging from $53.56 million to $53.96 million. For the next year, analysts expect that the firm will report sales of $70.49 million, with estimates ranging from $68.68 million to $72.29 million. Zacks’ sales averages are an average based on a survey of research firms that follow Gaia.
Gaia (NASDAQ:GAIA) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.06. The company had revenue of $13.16 million during the quarter, compared to the consensus estimate of $13.09 million. Gaia had a negative net margin of 66.00% and a negative return on equity of 39.97%.
GAIA has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Gaia from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Thursday, August 8th. Lake Street Capital decreased their target price on shares of Gaia from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, ValuEngine raised shares of Gaia from a “hold” rating to a “buy” rating in a research report on Monday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $15.67.
Gaia stock opened at $7.31 on Friday. The company has a market cap of $133.89 million, a P/E ratio of -3.73 and a beta of 1.20. Gaia has a 1-year low of $5.68 and a 1-year high of $17.80. The company has a fifty day simple moving average of $6.88 and a 200 day simple moving average of $8.65. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.
In other news, Chairman Jirka Rysavy purchased 105,879 shares of the business’s stock in a transaction on Friday, August 9th. The stock was purchased at an average price of $7.14 per share, for a total transaction of $755,976.06. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Howard Sutherland purchased 15,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was purchased at an average price of $6.28 per share, with a total value of $94,200.00. Following the purchase, the director now owns 89,057 shares of the company’s stock, valued at $559,277.96. The disclosure for this purchase can be found here. 34.83% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in GAIA. FNY Investment Advisers LLC lifted its stake in Gaia by 46.3% in the first quarter. FNY Investment Advisers LLC now owns 4,781 shares of the company’s stock valued at $43,000 after acquiring an additional 1,514 shares during the last quarter. Marshall Wace North America L.P. lifted its stake in Gaia by 76.1% in the first quarter. Marshall Wace North America L.P. now owns 7,498 shares of the company’s stock valued at $69,000 after acquiring an additional 3,240 shares during the last quarter. Bank of America Corp DE lifted its stake in Gaia by 146.0% in the fourth quarter. Bank of America Corp DE now owns 9,896 shares of the company’s stock valued at $102,000 after acquiring an additional 5,873 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in Gaia by 24.4% in the second quarter. Parametric Portfolio Associates LLC now owns 14,812 shares of the company’s stock valued at $112,000 after acquiring an additional 2,901 shares during the last quarter. Finally, B. Riley Wealth Management Inc. acquired a new stake in Gaia in the first quarter valued at $132,000. Hedge funds and other institutional investors own 43.29% of the company’s stock.
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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