Gaia (GAIA) Issues Earnings Results

Share on StockTwits

Gaia (NASDAQ:GAIA) announced its quarterly earnings results on Monday. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.17), Morningstar.com reports. The business had revenue of $11.39 million for the quarter, compared to the consensus estimate of $11.27 million. Gaia had a negative return on equity of 25.71% and a negative net margin of 64.31%.

GAIA traded down $1.78 during midday trading on Tuesday, reaching $13.90. 409,970 shares of the company’s stock were exchanged, compared to its average volume of 93,532. The stock has a market cap of $275.30 million, a price-to-earnings ratio of -8.85 and a beta of 0.68. Gaia has a one year low of $11.32 and a one year high of $22.75.

Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Gaia by 237.2% during the first quarter. The Manufacturers Life Insurance Company now owns 8,240 shares of the company’s stock worth $128,000 after buying an additional 5,796 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Gaia during the second quarter worth approximately $332,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Gaia by 65.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 22,400 shares of the company’s stock worth $454,000 after buying an additional 8,900 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Gaia by 2,519.1% during the first quarter. JPMorgan Chase & Co. now owns 49,658 shares of the company’s stock worth $770,000 after buying an additional 47,762 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Gaia by 81.2% during the first quarter. Millennium Management LLC now owns 100,863 shares of the company’s stock worth $1,563,000 after buying an additional 45,207 shares in the last quarter. 43.22% of the stock is owned by institutional investors.

A number of research analysts have commented on GAIA shares. Zacks Investment Research upgraded shares of Gaia from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a research note on Wednesday, October 10th. BidaskClub cut shares of Gaia from a “buy” rating to a “hold” rating in a research note on Saturday, July 28th. Finally, Lake Street Capital raised their price target on shares of Gaia to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Gaia presently has an average rating of “Buy” and an average target price of $23.80.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Macon Daily and is the sole property of of Macon Daily. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://macondaily.com/2018/11/06/gaia-gaia-issues-earnings-results.html.

About Gaia

Gaia, Inc operates a digital video subscription service and online community that caters underserved subscribers worldwide. The company has a digital content library of approximately 8,000 titles available to its subscribers on Internet-connected devices. Its subscribers have access to a library of films, documentaries, interviews, yoga classes, transformation related content, and others for digital streaming.

Featured Story: Balance Sheet

Earnings History for Gaia (NASDAQ:GAIA)

Receive News & Ratings for Gaia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaia and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply