Equities research analysts expect Gaia Inc (NASDAQ:GAIA) to report sales of $11.27 million for the current quarter, Zacks reports. Two analysts have issued estimates for Gaia’s earnings, with estimates ranging from $11.24 million to $11.31 million. Gaia posted sales of $7.52 million during the same quarter last year, which suggests a positive year-over-year growth rate of 49.9%. The company is scheduled to issue its next earnings report on Monday, November 5th.

On average, analysts expect that Gaia will report full year sales of $44.39 million for the current fiscal year, with estimates ranging from $44.21 million to $44.57 million. For the next year, analysts forecast that the company will post sales of $74.85 million, with estimates ranging from $74.04 million to $75.65 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Gaia.

Gaia (NASDAQ:GAIA) last announced its quarterly earnings results on Monday, August 6th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.07. The company had revenue of $10.46 million during the quarter, compared to analysts’ expectations of $10.62 million. Gaia had a negative return on equity of 25.71% and a negative net margin of 64.31%.

Several research analysts recently weighed in on GAIA shares. Zacks Investment Research upgraded Gaia from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a research report on Wednesday, October 10th. BidaskClub cut Gaia from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 28th. Roth Capital lifted their price target on Gaia from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, June 22nd. Finally, Lake Street Capital raised their price objective on Gaia to $28.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. One 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. Gaia currently has an average rating of “Buy” and an average target price of $23.80.

Shares of GAIA stock opened at $15.80 on Friday. The company has a market cap of $297.68 million, a P/E ratio of -10.06 and a beta of 0.81. Gaia has a twelve month low of $11.32 and a twelve month high of $22.75.

A number of institutional investors and hedge funds have recently modified their holdings of GAIA. The Manufacturers Life Insurance Company grew its holdings in Gaia by 237.2% in the first quarter. The Manufacturers Life Insurance Company now owns 8,240 shares of the company’s stock valued at $128,000 after purchasing an additional 5,796 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Gaia in the second quarter worth approximately $332,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Gaia by 65.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 22,400 shares of the company’s stock worth $454,000 after acquiring an additional 8,900 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Gaia by 2,519.1% in the first quarter. JPMorgan Chase & Co. now owns 49,658 shares of the company’s stock worth $770,000 after acquiring an additional 47,762 shares during the last quarter. Finally, EAM Global Investors LLC acquired a new stake in shares of Gaia in the first quarter worth approximately $1,098,000. 42.82% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Gaia (NASDAQ:GAIA)

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