Gaiam Inc. (GAIA) Shares Down 4.6%
Gaiam Inc. (NASDAQ:GAIA) was down 4.6% during mid-day trading on Friday . The company traded as low as $7.35 and last traded at $7.43, with a volume of 56,551 shares changing hands. The stock had previously closed at $7.79.
A number of equities research analysts have issued reports on GAIA shares. TheStreet lowered shares of Gaiam from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Zacks Investment Research lowered shares of Gaiam from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 11th.
The stock’s 50 day moving average price is $8.00 and its 200 day moving average price is $6.97. The company’s market capitalization is $113.68 million.
Gaiam (NASDAQ:GAIA) last posted its quarterly earnings data 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 analysts’ expectations of $41.70 million. On average, equities research analysts anticipate that Gaiam Inc. will post $0.42 earnings per share for the current year.
In other Gaiam news, 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 value of $107,976.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $829,920.00. Following the completion of the sale, 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.
A hedge fund recently raised its stake in Gaiam stock. Dimensional Fund Advisors LP increased its stake in shares of Gaiam Inc. (NASDAQ:GAIA) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 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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