Gaiam Inc. (GAIA) Trading Up 10.6%
Gaiam Inc. (NASDAQ:GAIA) was up 10.6% during mid-day trading on Wednesday . The stock traded as high as $8.25 and last traded at $7.93, with a volume of 645,907 shares traded. The stock had previously closed at $7.17.
Several equities research analysts have issued reports on GAIA shares. TheStreet downgraded Gaiam from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Zacks Investment Research downgraded Gaiam from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 11th.
The stock has a 50 day moving average price of $7.96 and a 200 day moving average price of $7.05. The firm’s market cap is $120.04 million.
Gaiam (NASDAQ:GAIA) last announced its quarterly earnings data 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 company had revenue of $4.20 million for the quarter, compared to the consensus estimate of $41.70 million. Analysts expect that Gaiam Inc. will post $0.42 EPS for the current fiscal year.
In related news, major shareholder Prentice Capital Management, L sold 13,755 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $7.85, for a total value of $107,976.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lynn Powers sold 109,200 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 264,000 shares of the company’s stock, valued at $2,006,400. The disclosure for this sale can be found here.
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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