Gaia (NASDAQ:GAIA) Director Buys 7,500 Shares

Gaia, Inc. (NASDAQ:GAIA) Director Paul Howard Sutherland bought 7,500 shares of Gaia stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of $1.42 per share, with a total value of $10,650.00. Following the completion of the acquisition, the director owned 438,573 shares in the company, valued at approximately $622,773.66. The trade was a 1.74% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Gaia Stock Performance

Gaia stock traded down $0.01 during trading hours on Tuesday, reaching $1.50. 30,388 shares of the company were exchanged, compared to its average volume of 117,039. The firm has a market cap of $38.27 million, a price-to-earnings ratio of -6.27 and a beta of 0.95. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average of $2.04 and a 200 day moving average of $2.59. Gaia, Inc. has a 12 month low of $1.16 and a 12 month high of $6.39.

Gaia (NASDAQ:GAIA) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. Gaia had a negative net margin of 6.08% and a negative return on equity of 5.82%. The company had revenue of $23.33 million for the quarter, compared to analyst estimates of $24.60 million. As a group, research analysts anticipate that Gaia, Inc. will post -0.41 earnings per share for the current year.

Institutional Investors Weigh In On Gaia

Several hedge funds have recently modified their holdings of GAIA. Vanguard Group Inc. increased its position in Gaia by 6.6% during the third quarter. Vanguard Group Inc. now owns 835,939 shares of the company’s stock worth $4,949,000 after acquiring an additional 51,610 shares during the period. Geode Capital Management LLC boosted its holdings in Gaia by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 409,081 shares of the company’s stock valued at $1,485,000 after purchasing an additional 5,037 shares during the period. JPMorgan Chase & Co. grew its position in Gaia by 32.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,468 shares of the company’s stock worth $121,000 after purchasing an additional 4,959 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Gaia by 42.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,622 shares of the company’s stock worth $110,000 after purchasing an additional 8,500 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new position in shares of Gaia during the 2nd quarter worth about $90,000. 40.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GAIA. Wall Street Zen cut shares of Gaia from a “sell” rating to a “strong sell” rating in a report on Saturday. Weiss Ratings lowered Gaia from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Gaia Company Profile

Gaia, Inc operates a subscription-based streaming platform specializing in conscious media, alternative health, spirituality and personal transformation. The company’s digital library features a curated selection of original series, documentaries, yoga and meditation classes, and instructional content aimed at mindfulness, holistic wellness and metaphysical exploration. Gaia’s service is accessible through its website, mobile applications and a variety of connected-TV devices, providing on-demand access to content across multiple channels and formats.

Since launching its streaming service in 2011, Gaia has focused on developing proprietary programming and forging content partnerships with thought leaders, teachers and filmmakers in the fields of yoga, Ayurveda, consciousness studies and alternative healing.