Insider Buying: Gaia (NASDAQ:GAIA) Director Acquires $31,570.00 in Stock

Gaia, Inc. (NASDAQ:GAIA) Director Paul Howard Sutherland acquired 10,250 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of $3.08 per share, for a total transaction of $31,570.00. Following the acquisition, the director directly owned 295,457 shares in the company, valued at approximately $910,007.56. This trade represents a 3.59% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Paul Howard Sutherland also recently made the following trade(s):

• On Friday, March 6th, Paul Howard Sutherland bought 10,000 shares of Gaia stock. The shares were purchased at an average price of $3.15 per share, with a total value of $31,500.00.
• On Monday, December 22nd, Paul Howard Sutherland bought 2,000 shares of Gaia stock. The stock was purchased at an average cost of $3.70 per share, with a total value of $7,400.00.
• On Thursday, December 18th, Paul Howard Sutherland bought 1,500 shares of Gaia stock. The stock was purchased at an average cost of $3.81 per share, with a total value of $5,715.00.
• On Tuesday, December 16th, Paul Howard Sutherland purchased 1,500 shares of Gaia stock. The shares were acquired at an average price of $4.14 per share, for a total transaction of $6,210.00.
• On Thursday, December 11th, Paul Howard Sutherland purchased 1,475 shares of Gaia stock. The shares were acquired at an average cost of $3.75 per share, for a total transaction of $5,531.25.

Gaia Trading Down 0.6%

NASDAQ GAIA opened at $3.12 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.59. The firm has a market cap of $78.34 million, a price-to-earnings ratio of -17.33 and a beta of 0.93. The firm has a 50 day simple moving average of $3.39 and a 200-day simple moving average of $4.37. Gaia, Inc. has a one year low of $2.93 and a one year high of $6.39.

Gaia (NASDAQ:GAIA) last announced its earnings results on Monday, March 2nd. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $25.50 million for the quarter, compared to analysts’ expectations of $25.35 million. Gaia had a negative return on equity of 4.39% and a negative net margin of 4.54%. Equities research analysts anticipate that Gaia, Inc. will post -0.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on GAIA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gaia in a research report on Thursday, January 22nd. Wall Street Zen upgraded Gaia to a “hold” rating in a report on Saturday, December 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Gaia

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in Gaia by 113.3% in the second quarter. Geode Capital Management LLC now owns 405,602 shares of the company’s stock valued at $1,781,000 after purchasing an additional 215,415 shares during the last quarter. Manatuck Hill Partners LLC purchased a new stake in shares of Gaia during the 4th quarter worth approximately $290,000. Vanguard Group Inc. boosted its holdings in shares of Gaia by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 835,939 shares of the company’s stock valued at $4,949,000 after buying an additional 51,610 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Gaia in the 4th quarter valued at $99,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Gaia in the 4th quarter valued at $84,000. 40.53% of the stock is owned by institutional investors and hedge funds.

About Gaia

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.