Zacks Investment Research upgraded shares of Gaia (NASDAQ:GAIA) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday. The brokerage currently has $18.00 target price on the stock.

According to Zacks, “Gaia, Inc. provides digital video subscription service. Its video content is available through online digital streaming on virtually any Internet-connected device on a commercial-free basis. The Company’s subscribers access to a library of films, personal growth-related content, documentaries, interviews, yoga classes and fitness. It created a fitness and yoga-focused version of its video service. Gaia, Inc., formerly known as Gaiam Inc., is based in Louisville, United States. “

Several other brokerages also recently weighed in on GAIA. BidaskClub upgraded Gaia from a sell rating to a hold rating in a report on Saturday, October 6th. Roth Capital upped their price target on Gaia from $22.00 to $25.00 and gave the stock a buy rating in a report on Friday, June 22nd. Finally, Lake Street Capital upped their price target on Gaia to $28.00 and gave the stock a buy rating in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $23.80.

GAIA traded up $0.28 during mid-day trading on Wednesday, hitting $15.80. 92,441 shares of the stock were exchanged, compared to its average volume of 108,102. Gaia has a 1-year low of $11.32 and a 1-year high of $22.75. The firm has a market cap of $275.66 million, a price-to-earnings ratio of -10.06 and a beta of 0.82.

Gaia (NASDAQ:GAIA) last posted its earnings results on Monday, August 6th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.07. Gaia had a negative return on equity of 25.71% and a negative net margin of 64.31%. The firm had revenue of $10.46 million for the quarter, compared to analyst estimates of $10.62 million. On average, research analysts anticipate that Gaia will post -1.67 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its holdings in Gaia by 237.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 8,240 shares of the company’s stock worth $128,000 after purchasing an additional 5,796 shares during the period. SG Americas Securities LLC purchased a new stake in Gaia during the 1st quarter worth about $118,000. Schwab Charles Investment Management Inc. increased its holdings in Gaia by 65.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 22,400 shares of the company’s stock worth $454,000 after purchasing an additional 8,900 shares during the period. Citadel Advisors LLC purchased a new stake in Gaia during the 2nd quarter worth about $332,000. Finally, FMR LLC increased its holdings in shares of Gaia by 1.7% in the 2nd quarter. FMR LLC now owns 1,197,253 shares of the company’s stock valued at $24,244,000 after acquiring an additional 19,993 shares during the last quarter. Institutional investors own 42.82% of the company’s stock.

About Gaia

Gaia, Inc operates a digital video subscription service and online community that caters underserved subscribers worldwide. The company has a digital content library of approximately 8,000 titles available to its subscribers on Internet-connected devices. Its subscribers have access to a library of films, documentaries, interviews, yoga classes, transformation related content, and others for digital streaming.

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