Gaiam Inc. (GAIA) Sees Large Volume Increase
Gaiam Inc. (NASDAQ:GAIA) shares saw an uptick in trading volume on Monday . 133,854 shares traded hands during trading, a decline of 15% from the previous session’s volume of 157,290 shares.The stock last traded at $7.95 and had previously closed at $7.78.
A number of equities analysts have commented on GAIA shares. Zacks Investment Research upgraded shares of Gaiam from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research report on Wednesday, March 16th. TheStreet lowered shares of Gaiam from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Finally, Lake Street Capital restated a “buy” rating on shares of Gaiam in a research report on Thursday, March 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $7.50.
The stock’s market cap is $194.12 million. The company’s 50-day moving average price is $7.68 and its 200-day moving average price is $6.38.
Gaiam (NASDAQ:GAIA) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.31) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.24. Equities research analysts predict that Gaiam Inc. will post $0.36 EPS for the current year.
In other Gaiam news, CEO Lynn Powers sold 109,200 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 264,000 shares in the company, valued at approximately $2,006,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Prentice Capital Management, L sold 13,755 shares of the business’s stock in a transaction on Thursday, June 9th. The shares were 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.
A hedge fund recently raised its stake 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 about 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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