Gaia (NASDAQ:GAIA) Raised to “Hold” at Wall Street Zen

Gaia (NASDAQ:GAIA) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Gaia in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Gaia has an average rating of “Moderate Buy” and a consensus price target of $9.00.

Gaia Stock Up 5.4%

Shares of NASDAQ GAIA opened at $3.53 on Friday. The company has a market capitalization of $88.64 million, a PE ratio of -18.58 and a beta of 0.95. The stock’s 50 day moving average price is $4.89 and its 200-day moving average price is $4.92. Gaia has a twelve month low of $2.93 and a twelve month high of $6.39.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings results on Monday, November 3rd. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). The company had revenue of $24.98 million during the quarter, compared to the consensus estimate of $25.23 million. Gaia had a negative return on equity of 4.80% and a negative net margin of 4.87%. As a group, research analysts expect that Gaia will post -0.23 EPS for the current fiscal year.

Institutional Trading of Gaia

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in Gaia by 201.9% in the 2nd quarter. Bank of America Corp DE now owns 7,735 shares of the company’s stock worth $34,000 after buying an additional 5,173 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Gaia in the second quarter valued at $41,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Gaia during the 1st quarter valued at $54,000. JPMorgan Chase & Co. raised its stake in shares of Gaia by 2,493.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,509 shares of the company’s stock valued at $68,000 after purchasing an additional 14,911 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Gaia during the 1st quarter worth about $73,000. Institutional investors own 40.53% of the company’s stock.

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.