Gaiam Inc. (GAIA) Trading Down 7.2%
Gaiam Inc. (NASDAQ:GAIA) was down 7.2% during trading on Thursday . The stock traded as low as $7.31 and last traded at $7.36, with a volume of 60,545 shares changing hands. The stock had previously closed at $7.93.
Several equities research analysts have recently commented on GAIA shares. TheStreet downgraded Gaiam from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Zacks Investment Research downgraded Gaiam from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 11th.
The firm’s market capitalization is $114.59 million. The stock’s 50 day moving average is $7.93 and its 200 day moving average is $7.05.
Gaiam (NASDAQ:GAIA) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.20. The business earned $4.20 million during the quarter, compared to analysts’ expectations of $41.70 million. On average, 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 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 value of $829,920.00. Following the transaction, the chief executive officer now directly owns 264,000 shares of the company’s stock, valued at $2,006,400. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 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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