Dougherty & Co Research Analysts Lift Earnings Estimates for Gaia Inc (NASDAQ:GAIA)
Gaia Inc (NASDAQ:GAIA) – Equities researchers at Dougherty & Co raised their FY2019 EPS estimates for Gaia in a research note issued to investors on Tuesday, November 5th. Dougherty & Co analyst S. Frankel now expects that the company will earn ($1.09) per share for the year, up from their previous estimate of ($1.19). Dougherty & Co also issued estimates for Gaia’s Q4 2019 earnings at ($0.25) EPS and FY2020 earnings at ($0.55) EPS.
Several other research firms have also recently commented on GAIA. ValuEngine upgraded Gaia from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Zacks Investment Research cut Gaia from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Lake Street Capital lowered their price target on Gaia from $20.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, August 6th.
Gaia (NASDAQ:GAIA) last released its earnings results on Monday, November 4th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.04. Gaia had a negative return on equity of 33.88% and a negative net margin of 51.13%. The company had revenue of $13.66 million during the quarter, compared to the consensus estimate of $13.66 million.
Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in shares of Gaia during the 3rd quarter worth about $28,000. FNY Investment Advisers LLC grew its holdings in shares of Gaia by 69.0% during the 3rd quarter. FNY Investment Advisers LLC now owns 8,081 shares of the company’s stock worth $52,000 after purchasing an additional 3,300 shares during the period. Marshall Wace North America L.P. grew its holdings in shares of Gaia by 76.1% during the 1st quarter. Marshall Wace North America L.P. now owns 7,498 shares of the company’s stock worth $69,000 after purchasing an additional 3,240 shares during the period. Parametric Portfolio Associates LLC grew its holdings in shares of Gaia by 24.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 14,812 shares of the company’s stock worth $112,000 after purchasing an additional 2,901 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Gaia during the 3rd quarter worth about $117,000. Institutional investors and hedge funds own 48.13% of the company’s stock.
In other Gaia news, Chairman James Keenan purchased 50,000 shares of the stock in a transaction on Friday, August 16th. The stock was bought at an average price of $5.28 per share, for a total transaction of $264,000.00. Following the acquisition, the chairman now directly owns 91,000 shares of the company’s stock, valued at $480,480. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dae Mellencamp bought 5,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of $7.25 per share, with a total value of $36,250.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $36,250. The disclosure for this purchase can be found here. Insiders acquired a total of 160,750 shares of company stock valued at $1,540,903 in the last 90 days. 34.83% of the stock is owned by company insiders.
Gaia, Inc operates a digital video subscription service and online community that caters underserved subscriber base 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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