Gaia (NASDAQ:GAIA) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Gaia was downgraded to “sell” by Wall Street Zen, and Weiss Ratings also reaffirmed a sell rating. MarketBeat says the stock now has a consensus rating of “Sell.”
• Despite the downgrade, Gaia shares were up 3.2% and opened at $2.56. The stock remains well below its 52-week high of $6.39 and is trading near its 52-week low of $2.33.
• The company recently reported a smaller-than-expected quarterly loss of $0.05 per share, though revenue of $24.31 million came in slightly below estimates. Analysts expect Gaia to post a loss of $0.34 per share for the full year.

Gaia (NASDAQ:GAIA - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Gaia in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".

Gaia Trading Up 3.2%

Shares of NASDAQ:GAIA opened at $2.56 on Friday. The company has a market cap of $63.95 million, a P/E ratio of -13.47 and a beta of 1.02. The stock's 50-day moving average is $2.94 and its 200-day moving average is $3.56. Gaia has a 52-week low of $2.33 and a 52-week high of $6.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.59 and a current ratio of 0.56.

Gaia (NASDAQ:GAIA - Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $24.31 million for the quarter, compared to the consensus estimate of $25.00 million. Gaia had a negative return on equity of 4.62% and a negative net margin of 4.76%. Equities research analysts predict that Gaia will post -0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Paul Howard Sutherland bought 10,250 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average cost of $3.08 per share, with a total value of $31,570.00. Following the completion of the transaction, the director directly owned 295,457 shares in the company, valued at $910,007.56. This represents a 3.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 34,316 shares of company stock worth $106,843 over the last 90 days. 26.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gaia

A number of institutional investors have recently added to or reduced their stakes in GAIA. Geode Capital Management LLC grew its position 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. Manatuck Hill Partners LLC acquired a new stake in Gaia during the fourth quarter worth about $290,000. Vanguard Group Inc. grew its position in Gaia by 6.6% during the third quarter. Vanguard Group Inc. now owns 835,939 shares of the company's stock worth $4,949,000 after buying an additional 51,610 shares in the last quarter. Marshall Wace LLP acquired a new stake in Gaia during the fourth quarter worth about $99,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Gaia during the fourth quarter worth about $84,000. 40.53% of the stock is owned by institutional investors and hedge funds.

Gaia Company Profile

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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