Gaia (NASDAQ:GAIA) CFO Purchases $11,280.00 in Stock

Key Points

• Gaia CFO Ned Preston purchased 2,000 shares of the company's stock at an average price of $5.64 per share for a total of $11,280.00, increasing his ownership in the company.
• The company's stock saw a minor increase of $0.15 to $5.71 during recent trading, with a market capitalization of $143.25 million.
• Gaia reported quarterly earnings showing an EPS of ($0.07), beating analysts' expectations while revenue reached $24.63 million, exceeding estimates.

Gaia, Inc. (NASDAQ:GAIA - Get Free Report) CFO Ned Preston bought 2,000 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was purchased at an average price of $5.64 per share, with a total value of $11,280.00. Following the transaction, the chief financial officer directly owned 2,000 shares in the company, valued at $11,280. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Gaia Stock Performance

NASDAQ:GAIA traded up $0.09 during mid-day trading on Friday, reaching $6.05. The stock had a trading volume of 28,933 shares, compared to its average volume of 36,986. The firm has a 50 day moving average price of $4.78 and a two-hundred day moving average price of $4.54. The stock has a market capitalization of $151.92 million, a P/E ratio of -31.84 and a beta of 0.88. Gaia, Inc. has a one year low of $2.93 and a one year high of $6.53.

Gaia (NASDAQ:GAIA - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. The firm had revenue of $24.63 million during the quarter, compared to the consensus estimate of $24.33 million. Gaia had a negative return on equity of 5.00% and a negative net margin of 5.06%. Research analysts forecast that Gaia, Inc. will post -0.23 earnings per share for the current year.

Institutional Trading of Gaia

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of Gaia by 201.9% during the second quarter. Bank of America Corp DE now owns 7,735 shares of the company's stock valued at $34,000 after purchasing an additional 5,173 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Gaia during the second quarter valued at approximately $41,000. New York State Common Retirement Fund bought a new position in shares of Gaia during the second quarter valued at approximately $90,000. JPMorgan Chase & Co. raised its holdings in shares of Gaia by 2,493.5% during the second quarter. JPMorgan Chase & Co. now owns 15,509 shares of the company's stock valued at $68,000 after acquiring an additional 14,911 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Gaia by 113.3% during the second quarter. Geode Capital Management LLC now owns 405,602 shares of the company's stock valued at $1,781,000 after acquiring an additional 215,415 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 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.