Gaiam Inc. (GAIA) Sees Unusually-High Trading Volume
Gaiam Inc. (NASDAQ:GAIA) shares saw strong trading volume on Monday . 89,211 shares changed hands during mid-day trading, an increase of 31% from the previous session’s volume of 67,861 shares.The stock last traded at $7.18 and had previously closed at $7.51.
Several analysts have weighed in on the stock. TheStreet cut shares of Gaiam from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Zacks Investment Research cut shares of Gaiam from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 11th.
The firm’s market capitalization is $109.14 million. The firm has a 50 day moving average of $7.99 and a 200 day moving average of $7.02.
Gaiam (NASDAQ:GAIA) last issued its earnings results on Monday, August 8th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.20. The business had revenue of $4.20 million for the quarter, compared to analysts’ expectations of $41.70 million. On average, equities analysts expect that Gaiam Inc. will post $0.42 earnings per share for the current fiscal year.
In other Gaiam news, CEO Lynn Powers sold 109,200 shares of the stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $7.60, for a total transaction of $829,920.00. Following the completion of the transaction, the chief executive officer now owns 264,000 shares in the company, valued at $2,006,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Prentice Capital Management, L sold 13,755 shares of the stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $7.85, for a total transaction 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 boosted its position in Gaiam Inc. (NASDAQ:GAIA) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 524,837 shares of the company’s stock after buying an additional 3,727 shares during the period. Dimensional Fund Advisors LP owned approximately 2.14% of Gaiam worth $3,275,000 at the end of the most recent reporting period.
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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