Gaiam Inc. (GAIA) Reaches New 1-Year High at $8.22
Gaiam Inc. (NASDAQ:GAIA) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.22 and last traded at $8.20, with a volume of 99,769 shares changing hands. The stock had previously closed at $7.91.
Several equities research analysts have recently issued reports on the company. Lake Street Capital reiterated a “buy” rating on shares of Gaiam in a report on Thursday, March 17th. Zacks Investment Research lowered Gaiam from a “buy” rating to a “hold” rating in a report on Thursday, March 31st. Finally, TheStreet lowered Gaiam from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $7.50.
The company’s market capitalization is $197.56 million. The firm has a 50 day moving average of $7.71 and a 200-day moving average of $6.40.
Gaiam (NASDAQ:GAIA) last released its quarterly earnings results on Tuesday, May 10th. The company reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.24. Equities research analysts predict that Gaiam Inc. will post $0.36 earnings per share for the current year.
In other Gaiam news, CEO Lynn Powers sold 109,200 shares of the firm’s stock in a transaction on Friday, June 17th. The stock was sold at an average price of $7.60, for a total transaction of $829,920.00. Following the transaction, the chief executive officer now owns 264,000 shares in the company, valued at approximately $2,006,400. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Prentice Capital Management, L sold 13,755 shares of the firm’s stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $7.85, for a total value of $107,976.75. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Gaiam stock. Dimensional Fund Advisors LP increased its position in Gaiam Inc. (NASDAQ:GAIA) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 524,837 shares of the company’s stock after buying an additional 3,727 shares during the period. Dimensional Fund Advisors LP owned 2.14% of Gaiam worth $3,275,000 at the end of the most recent quarter.
Gaiam, Inc develops and markets yoga and fitness accessories, apparel and media under Gaiam’s brands. The Company operates in two segments: the Gaiam Brand segment and the Gaia segment. The Company also sells its products through its digital partners, Websites and e-commerce channels. Its products and services are targeted to various levels of yoga and fitness enthusiasts, including professionals.
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