Gaia (NASDAQ:GAIA) Announces Earnings Results

Key Points

• Gaia (NASDAQ:GAIA) reported a quarterly earnings per share of ($0.07), which exceeded analysts' expectations of ($0.08) by $0.01.
• The company experienced a trading increase of 6.1%, with its stock reaching $4.38 during midday trading.
• Institutional investors have shown increased interest, with Geode Capital Management boosting its holdings by 113.3% in the second quarter.

Gaia (NASDAQ:GAIA - Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.01, Zacks reports. Gaia had a negative net margin of 5.62% and a negative return on equity of 5.41%.

Gaia Trading Up 6.1%

Shares of NASDAQ:GAIA traded up $0.25 during midday trading on Monday, hitting $4.38. The stock had a trading volume of 26,249 shares, compared to its average volume of 59,502. The company has a market capitalization of $109.82 million, a PE ratio of -20.86 and a beta of 0.96. Gaia has a 1 year low of $2.93 and a 1 year high of $6.53. The stock has a 50 day moving average price of $4.46 and a two-hundred day moving average price of $4.49.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on shares of Gaia in a report on Sunday, April 13th. They issued a "hold" rating on the stock.

Institutional Trading of Gaia

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in Gaia by 113.3% during the second quarter. Geode Capital Management LLC now owns 405,602 shares of the company's stock worth $1,781,000 after buying an additional 215,415 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Gaia by 42.2% during the first quarter. Goldman Sachs Group Inc. now owns 28,622 shares of the company's stock worth $110,000 after buying an additional 8,500 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Gaia during the first quarter worth about $73,000. Hedge funds and other institutional investors own 40.53% of the company's stock.

About Gaia

Gaia, Inc operates a digital video subscription service and online community for underserved member base in the United States, Canada, Australia, and internationally. The company has a digital content library with various titles in Spanish, German, and French languages available to its subscribers on internet connected devices.

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