Gaia (NASDAQ:GAIA) CFO Buys $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 acquired 2,000 shares of the stock in a transaction on Friday, September 5th. The shares were purchased at an average price of $5.64 per share, for a total transaction of $11,280.00. Following the transaction, the chief financial officer directly owned 2,000 shares in the company, valued at approximately $11,280. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Gaia Price Performance

NASDAQ:GAIA traded up $0.15 during trading hours on Monday, hitting $5.71. The company's stock had a trading volume of 1,747 shares, compared to its average volume of 56,875. The stock has a fifty day simple moving average of $4.64 and a 200-day simple moving average of $4.50. The company has a market capitalization of $143.25 million, a P/E ratio of -30.03 and a beta of 0.87. Gaia, Inc. has a twelve month low of $2.93 and a twelve month high of $6.53.

Gaia (NASDAQ:GAIA - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.01. The company had revenue of $24.63 million for the quarter, compared to analyst estimates of $24.33 million. Gaia had a negative return on equity of 5.00% and a negative net margin of 5.06%. On average, equities analysts predict that Gaia, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings 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 valued at $34,000 after acquiring an additional 5,173 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Gaia in the 2nd quarter worth approximately $41,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Gaia during the first quarter valued at approximately $54,000. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 14,911 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Gaia during the first quarter valued at $73,000. 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.

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