Gaia (NASDAQ:GAIA) Director Purchases $31,500.00 in Stock

Key Points

• Director purchase: Gaia director Paul Howard Sutherland bought 10,000 shares on March 6 at $3.15 each (total $31,500), increasing his stake to 285,207 shares (a 3.63% rise, valued at ~ $898,402) after multiple additional purchases in December.
• Company outlook and stock metrics: Gaia reported a quarterly loss (EPS -$0.02 vs. -$0.01 expected) with revenue around $25.5M, a market cap of $80.48 million, shares trading near $3.21, and a consensus analyst rating of Hold with a $9 price target amid mixed buy/sell opinions.

Gaia, Inc. (NASDAQ:GAIA - Get Free Report) Director Paul Howard Sutherland bought 10,000 shares of the firm's stock in a transaction on Friday, March 6th. The shares were bought at an average price of $3.15 per share, with a total value of $31,500.00. Following the completion of the purchase, the director owned 285,207 shares in the company, valued at approximately $898,402.05. The trade was a 3.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, December 22nd, Paul Howard Sutherland purchased 2,000 shares of Gaia stock. The stock was purchased at an average price of $3.70 per share, for a total transaction of $7,400.00.
• On Thursday, December 18th, Paul Howard Sutherland acquired 1,500 shares of Gaia stock. The stock was purchased 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 shares were purchased at an average price of $4.14 per share, with a total value of $6,210.00.
• On Thursday, December 11th, Paul Howard Sutherland bought 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.
• On Wednesday, December 10th, Paul Howard Sutherland bought 5,775 shares of Gaia stock. The stock was purchased at an average cost of $3.71 per share, for a total transaction of $21,425.25.
• On Tuesday, December 9th, Paul Howard Sutherland bought 450 shares of Gaia stock. The stock was purchased at an average cost of $3.53 per share, for a total transaction of $1,588.50.
• On Tuesday, December 9th, Paul Howard Sutherland purchased 1,500 shares of Gaia stock. The shares were purchased at an average price of $3.53 per share, with a total value of $5,295.00.

Gaia Stock Performance

Shares of NASDAQ GAIA traded down $0.04 during midday trading on Monday, hitting $3.21. 34,105 shares of the company's stock traded hands, compared to its average volume of 75,646. The firm has a fifty day moving average of $3.43 and a 200 day moving average of $4.44. Gaia, Inc. has a 1 year low of $2.93 and a 1 year high of $6.39. The stock has a market capitalization of $80.48 million, a price-to-earnings ratio of -17.80 and a beta of 0.93.

Gaia (NASDAQ:GAIA - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $25.50 million during the quarter, compared to analysts' expectations of $25.35 million. Gaia had a negative return on equity of 4.41% and a negative net margin of 4.54%. On average, equities analysts anticipate that Gaia, Inc. will post -0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GAIA. Weiss Ratings reiterated 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 report on Saturday, December 6th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $9.00.

Hedge Funds Weigh In On Gaia

A number of hedge funds have recently modified their holdings of GAIA. Goldman Sachs Group Inc. boosted its stake in shares of Gaia by 8.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 44,970 shares of the company's stock worth $163,000 after acquiring an additional 3,622 shares during the period. Huntleigh Advisors Inc. raised its stake in Gaia by 6.2% during the 3rd quarter. Huntleigh Advisors Inc. now owns 73,788 shares of the company's stock valued at $437,000 after purchasing an additional 4,332 shares during the period. Peapod Lane Capital LLC lifted its holdings in Gaia by 0.7% in the 4th quarter. Peapod Lane Capital LLC now owns 630,840 shares of the company's stock worth $2,290,000 after purchasing an additional 4,626 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Gaia by 32.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,468 shares of the company's stock valued at $121,000 after buying an additional 4,959 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Gaia by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 409,081 shares of the company's stock valued at $1,485,000 after buying an additional 5,037 shares during the last quarter. 40.53% of the stock is currently owned by institutional investors.

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.

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