Gaiam Inc. (GAIA) Reaches New 12-Month High at $8.22
Gaiam Inc. (NASDAQ:GAIA) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.22 and last traded at $8.20, with a volume of 99,769 shares. The stock had previously closed at $7.91.
GAIA has been the topic of several recent analyst reports. Lake Street Capital reiterated a “buy” rating on shares of Gaiam in a report on Thursday, March 17th. Zacks Investment Research upgraded Gaiam from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Wednesday, March 16th. Finally, TheStreet lowered Gaiam from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Gaiam has an average rating of “Hold” and a consensus target price of $7.50.
The firm’s market cap is $201.24 million. The firm has a 50-day moving average of $7.68 and a 200-day moving average of $6.38.
Gaiam (NASDAQ:GAIA) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the 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 news, CEO Lynn Powers sold 109,200 shares of the company’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 transaction, the chief executive officer now directly 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 can be accessed through this link. Also, major shareholder Prentice Capital Management, L sold 13,755 shares of the company’s stock in a transaction on 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.
A hedge fund recently raised its stake in Gaiam stock. Dimensional Fund Advisors LP increased its position in shares of Gaiam Inc. (NASDAQ:GAIA) by 0.7% during the fourth quarter, according to its most recent Form 13F 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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