Insider Buying: Gaia (NASDAQ:GAIA) Director Buys $31,570.00 in Stock

Gaia, Inc. (NASDAQ:GAIA) Director Paul Howard Sutherland purchased 10,250 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average price of $3.08 per share, for a total transaction of $31,570.00. Following the transaction, the director directly owned 295,457 shares in the company, valued at $910,007.56. This trade represents a 3.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Paul Howard Sutherland also recently made the following trade(s):

• On Friday, March 6th, Paul Howard Sutherland bought 10,000 shares of Gaia stock. The stock was bought at an average price of $3.15 per share, for a total transaction of $31,500.00.
• On Monday, December 22nd, Paul Howard Sutherland bought 2,000 shares of Gaia stock. The stock was bought at an average cost of $3.70 per share, for a total transaction of $7,400.00.
• On Thursday, December 18th, Paul Howard Sutherland purchased 1,500 shares of Gaia stock. The shares were bought at an average cost of $3.81 per share, with a total value of $5,715.00.
• On Tuesday, December 16th, Paul Howard Sutherland acquired 1,500 shares of Gaia stock. The stock was purchased at an average price of $4.14 per share, for a total transaction of $6,210.00.
• On Thursday, December 11th, Paul Howard Sutherland acquired 1,475 shares of Gaia stock. The stock was purchased at an average cost of $3.75 per share, for a total transaction of $5,531.25.

Gaia Stock Performance

Gaia stock traded up $0.27 during trading hours on Wednesday, reaching $3.33. 83,482 shares of the stock were exchanged, compared to its average volume of 76,243. The stock has a market cap of $83.52 million, a P/E ratio of -18.48 and a beta of 0.93. The firm’s 50 day moving average is $3.41 and its 200 day moving average is $4.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.59. Gaia, Inc. has a 52-week low of $2.93 and a 52-week high of $6.39.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings results on Monday, March 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The firm had revenue of $25.50 million for the quarter, compared to analyst estimates of $25.35 million. Gaia had a negative return on equity of 4.39% and a negative net margin of 4.54%. Analysts predict that Gaia, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in Gaia in the 1st quarter valued at about $73,000. JPMorgan Chase & Co. lifted its holdings in shares of Gaia by 2,493.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,509 shares of the company’s stock worth $68,000 after acquiring an additional 14,911 shares during the period. Wells Fargo & Company MN boosted its position in shares of Gaia by 39.4% in the fourth quarter. Wells Fargo & Company MN now owns 18,820 shares of the company’s stock worth $68,000 after acquiring an additional 5,321 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Gaia in the second quarter valued at approximately $41,000. Finally, XTX Topco Ltd purchased a new stake in Gaia in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 40.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GAIA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Gaia in a research note on Thursday, January 22nd. Wall Street Zen raised Gaia to a “hold” rating in a research note on Saturday, December 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

About Gaia

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.