Gaia, Inc. (NASDAQ:GAIA) Posts Earnings Results, Beats Estimates By $0.03 EPS

Gaia, Inc. (NASDAQ:GAIA) issued its quarterly earnings data on Monday. The company reported ($0.42) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.03, Morningstar.com reports. The firm had revenue of $6.56 million for the quarter. Gaia had a net margin of 460.97% and a negative return on equity of 13.94%.

Shares of Gaia (NASDAQ:GAIA) traded down 6.61% during midday trading on Tuesday, reaching $12.00. 165,319 shares of the company were exchanged. The firm’s 50 day moving average is $11.28 and its 200-day moving average is $10.21. The company has a market capitalization of $181.84 million, a PE ratio of 2.37 and a beta of 1.15. Gaia has a 52-week low of $6.05 and a 52-week high of $13.50.

Separately, Lake Street Capital reissued a “buy” rating and issued a $17.00 price objective (up from $12.00) on shares of Gaia in a research note on Tuesday, May 2nd.

A number of large investors have recently modified their holdings of GAIA. Royce & Associates LP boosted its stake in shares of Gaia by 23.0% in the second quarter. Royce & Associates LP now owns 133,500 shares of the company’s stock valued at $1,495,000 after buying an additional 25,000 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Gaia by 37.9% in the second quarter. Bank of New York Mellon Corp now owns 31,220 shares of the company’s stock valued at $350,000 after buying an additional 8,587 shares during the period. Rhumbline Advisers boosted its stake in shares of Gaia by 1.3% in the second quarter. Rhumbline Advisers now owns 11,834 shares of the company’s stock valued at $133,000 after buying an additional 155 shares during the period. Spectrum Asset Management Inc. NB CA acquired a new stake in shares of Gaia during the second quarter valued at approximately $153,000. Finally, Strs Ohio boosted its stake in shares of Gaia by 6.1% in the second quarter. Strs Ohio now owns 36,800 shares of the company’s stock valued at $412,000 after buying an additional 2,100 shares during the period. Hedge funds and other institutional investors own 31.64% of the company’s stock.

Gaia Company Profile

Gaia, Inc, formerly Gaiam, Inc, is engaged in providing global digital video subscription service. The Company is a global digital video streaming service and online community delivering curated media to its subscribers in over 120 countries. It provides its members access to approximately 7,000 video titles.