Gaia (NASDAQ:GAIA) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen cut shares of Gaia (NASDAQ:GAIA) from a sell rating to a strong sell rating in a research note published on Saturday.

Separately, Weiss Ratings cut Gaia from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Gaia Stock Up 11.5%

GAIA stock opened at $1.46 on Friday. Gaia has a fifty-two week low of $1.16 and a fifty-two week high of $6.39. The business’s 50 day moving average price is $2.06 and its two-hundred day moving average price is $2.61. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.56 and a current ratio of 0.41. The company has a market capitalization of $37.12 million, a price-to-earnings ratio of -6.08 and a beta of 0.95.

Gaia (NASDAQ:GAIA) last announced its earnings results on Monday, August 10th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.01. The firm had revenue of $23.33 million during the quarter, compared to analyst estimates of $24.60 million. Gaia had a negative return on equity of 5.82% and a negative net margin of 6.08%. As a group, analysts forecast that Gaia will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gaia

Hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its stake in shares of Gaia by 8.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 44,970 shares of the company’s stock valued at $163,000 after purchasing an additional 3,622 shares in the last quarter. Peapod Lane Capital LLC lifted its holdings in shares of Gaia by 0.7% during the fourth quarter. Peapod Lane Capital LLC now owns 630,840 shares of the company’s stock valued at $2,290,000 after purchasing an additional 4,626 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Gaia by 32.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,468 shares of the company’s stock worth $121,000 after purchasing an additional 4,959 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Gaia by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 409,081 shares of the company’s stock worth $1,485,000 after purchasing an additional 5,037 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Gaia by 201.9% in the 2nd quarter. Bank of America Corp DE now owns 7,735 shares of the company’s stock worth $34,000 after purchasing an additional 5,173 shares in the last quarter. Hedge funds and other institutional investors own 40.53% of the company’s stock.

Gaia Company Profile

Gaia, Inc operates a subscription-based streaming platform specializing in conscious media, alternative health, spirituality and personal transformation. The company’s digital library features a curated selection of original series, documentaries, yoga and meditation classes, and instructional content aimed at mindfulness, holistic wellness and metaphysical exploration. Gaia’s service is accessible through its website, mobile applications and a variety of connected-TV devices, providing on-demand access to content across multiple channels and formats.

Since launching its streaming service in 2011, Gaia has focused on developing proprietary programming and forging content partnerships with thought leaders, teachers and filmmakers in the fields of yoga, Ayurveda, consciousness studies and alternative healing.