Gaiam Inc. (GAIA) Sees Strong Trading Volume
Shares of Gaiam Inc. (NASDAQ:GAIA) saw unusually-high trading volume on Monday . Approximately 183,700 shares were traded during mid-day trading, an increase of 82% from the previous session’s volume of 100,961 shares.The stock last traded at $7.57 and had previously closed at $7.36.
Several analysts have recently weighed in on the company. TheStreet lowered Gaiam from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Zacks Investment Research lowered Gaiam from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 11th.
The firm’s 50 day moving average is $7.93 and its 200 day moving average is $7.05. The stock’s market capitalization is $114.59 million.
Gaiam (NASDAQ:GAIA) last posted its earnings results on Monday, August 8th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.20. The company earned $4.20 million during the quarter, compared to analyst estimates of $41.70 million. Equities research analysts forecast that Gaiam Inc. will post $0.42 EPS for the current year.
In related news, major shareholder Prentice Capital Management, L sold 13,755 shares of the firm’s stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $7.85, for a total transaction of $107,976.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lynn Powers sold 109,200 shares of the firm’s stock in a transaction on Friday, June 17th. The shares were sold at an average price of $7.60, for a total value of $829,920.00. Following the sale, the chief executive officer now directly 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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