Gaia (NASDAQ:GAIA) had its price objective increased by Roth Capital from $22.00 to $25.00 in a report issued on Friday morning, The Fly reports. The brokerage currently has a buy rating on the stock.
Several other research firms have also issued reports on GAIA. B. Riley increased their target price on Gaia to $26.00 and gave the stock a buy rating in a research note on Thursday, June 7th. BidaskClub raised Gaia from a buy rating to a strong-buy rating in a research note on Saturday, March 17th. Dougherty & Co began coverage on Gaia in a research note on Wednesday, March 28th. They set a buy rating and a $22.00 target price on the stock. ValuEngine raised Gaia from a buy rating to a strong-buy rating in a research note on Wednesday, May 2nd. Finally, Lake Street Capital reissued a buy rating and set a $20.00 target price (up previously from $17.00) on shares of Gaia in a research note on Tuesday, February 27th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $23.25.
Get Gaia alerts:Shares of Gaia stock opened at $21.65 on Friday. Gaia has a 52 week low of $10.35 and a 52 week high of $22.18. The firm has a market capitalization of $378.23 million, a PE ratio of -13.79 and a beta of 0.82.
Gaia (NASDAQ:GAIA) last announced its quarterly earnings results on Monday, May 7th. The company reported ($0.39) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.53) by $0.14. Gaia had a negative return on equity of 26.84% and a negative net margin of 72.00%. The business had revenue of $9.62 million for the quarter, compared to analyst estimates of $9.41 million. sell-side analysts expect that Gaia will post -1.65 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of GAIA. Allianz Asset Management GmbH purchased a new stake in Gaia during the 1st quarter worth about $3,004,000. Unterberg Capital LLC purchased a new stake in Gaia during the 1st quarter worth about $2,635,000. Victory Capital Management Inc. purchased a new stake in Gaia during the 1st quarter worth about $1,710,000. EAM Global Investors LLC purchased a new stake in Gaia during the 1st quarter worth about $1,098,000. Finally, JPMorgan Chase & Co. increased its holdings in Gaia by 2,519.1% during the 1st quarter. JPMorgan Chase & Co. now owns 49,658 shares of the company’s stock worth $770,000 after purchasing an additional 47,762 shares during the period. Institutional investors own 41.85% of the company’s stock.
Gaia Company Profile
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.
