Gaia, Inc. (NASDAQ:GAIA) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Gaia, Inc. (NASDAQ:GAIA) announced its quarterly earnings data on Monday. The company reported ($0.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.03, Morningstar.com reports. Gaia had a net margin of 460.97% and a negative return on equity of 13.94%. The company had revenue of $6.56 million during the quarter.
Gaia (GAIA) traded down 6.031% during mid-day trading on Tuesday, hitting $12.075. 153,765 shares of the stock traded hands. Gaia has a 12-month low of $6.05 and a 12-month high of $13.50. The firm’s 50-day moving average is $11.28 and its 200-day moving average is $10.21. The company has a market cap of $182.97 million, a price-to-earnings ratio of 2.388 and a beta of 1.15.
Institutional investors have recently bought and sold shares of the stock. VNBTrust National Association raised its position in Gaia by 39.2% in the first quarter. VNBTrust National Association now owns 297,263 shares of the company’s stock worth $2,957,000 after buying an additional 83,780 shares in the last quarter. Bank of New York Mellon Corp raised its position in Gaia by 82.1% in the first quarter. Bank of New York Mellon Corp now owns 22,633 shares of the company’s stock worth $225,000 after buying an additional 10,201 shares in the last quarter. Silver Capital Management LLC purchased a new position in Gaia during the first quarter worth $210,000. FMR LLC purchased a new position in Gaia during the first quarter worth $5,970,000. Finally, Geode Capital Management LLC raised its position in Gaia by 1.4% in the first quarter. Geode Capital Management LLC now owns 98,783 shares of the company’s stock worth $982,000 after buying an additional 1,398 shares in the last quarter. 31.64% of the stock is owned by institutional investors and hedge funds.
Separately, Lake Street Capital reaffirmed a “buy” rating and set a $17.00 price objective (up previously from $12.00) on shares of Gaia in a research note on Tuesday, May 2nd.
Gaia, Inc, formerly Gaiam, Inc, is engaged in providing global digital video subscription service. The Company is a global digital video streaming service and online community delivering curated media to its subscribers in over 120 countries. It provides its members access to approximately 7,000 video titles.
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