Gaia (NASDAQ:GAIA) Announces Earnings Results, Hits Estimates

Gaia (NASDAQ:GAIA) released its quarterly earnings results on Monday. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04), Zacks reports. Gaia had a negative net margin of 7.23% and a negative return on equity of 6.90%.

Gaia Stock Down 9.7%

Shares of NASDAQ GAIA traded down $0.51 on Monday, reaching $4.75. 51,538 shares of the company’s stock traded hands, compared to its average volume of 34,452. Gaia has a 12 month low of $2.93 and a 12 month high of $6.53. The business’s 50 day simple moving average is $4.16 and its two-hundred day simple moving average is $4.88. The company has a market cap of $119.10 million, a price-to-earnings ratio of -17.59 and a beta of 1.02. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Roth Mkm reissued a “buy” rating and issued a $9.00 price target (down from $10.00) on shares of Gaia in a research note on Tuesday, March 11th. StockNews.com initiated coverage on shares of Gaia in a research note on Sunday, April 13th. They issued a “hold” rating for the company. Finally, Roth Capital raised shares of Gaia to a “strong-buy” rating in a research note on Tuesday, February 11th.

About Gaia

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.