Gaia (NASDAQ:GAIA) Issues Quarterly Earnings Results

Gaia (NASDAQ:GAIA) released its earnings results on Monday. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05), Zacks reports. Gaia had a negative return on equity of 5.00% and a negative net margin of 5.06%.

Gaia Price Performance

Shares of NASDAQ GAIA traded up $0.06 during mid-day trading on Monday, hitting $5.05. 33,153 shares of the stock traded hands, compared to its average volume of 54,386. The company has a market cap of $126.80 million, a PE ratio of -26.58 and a beta of 0.83. Gaia has a twelve month low of $2.93 and a twelve month high of $6.53. The firm has a 50 day simple moving average of $5.81 and a two-hundred day simple moving average of $5.04.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Gaia in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Gaia has an average rating of “Moderate Buy” and a consensus price target of $8.00.

Institutional Trading of Gaia

A number of hedge funds have recently made changes to their positions in GAIA. Goldman Sachs Group Inc. grew its holdings in shares of Gaia by 42.2% during the first 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. Jane Street Group LLC bought a new stake in Gaia during the 1st quarter worth approximately $73,000. Geode Capital Management LLC grew its holdings in Gaia by 113.3% during the 2nd quarter. Geode Capital Management LLC now owns 405,602 shares of the company’s stock worth $1,781,000 after acquiring an additional 215,415 shares during the last quarter. JPMorgan Chase & Co. increased its position in Gaia by 2,493.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,509 shares of the company’s stock valued at $68,000 after acquiring an additional 14,911 shares during the period. Finally, New York State Common Retirement Fund bought a new position in shares of Gaia during the second quarter valued at $90,000. 40.53% of the stock is owned by institutional investors and hedge funds.

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.