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Gaia (NASDAQ:GAIA) Shares Cross Above 200 Day Moving Average - Here's What Happened

Gaia logo with Consumer Discretionary background

Gaia, Inc. (NASDAQ:GAIA - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.75 and traded as high as $5.88. Gaia shares last traded at $5.79, with a volume of 28,007 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Gaia in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.00.

View Our Latest Research Report on Gaia

Gaia Trading Up 2.3%

The stock's fifty day moving average is $5.44 and its 200 day moving average is $4.75. The company has a market capitalization of $145.39 million, a P/E ratio of -30.47 and a beta of 0.83.

Gaia (NASDAQ:GAIA - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.07) EPS 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 net margin of 5.06% and a negative return on equity of 5.00%. On average, analysts expect that Gaia, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Trading of Gaia

Several large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in Gaia by 201.9% during the 2nd 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. purchased a new stake in shares of Gaia in the 2nd quarter worth about $41,000. OMERS ADMINISTRATION Corp bought a new position in Gaia in the first quarter worth about $54,000. JPMorgan Chase & Co. raised its stake in Gaia by 2,493.5% in the second quarter. JPMorgan Chase & Co. now owns 15,509 shares of the company's stock worth $68,000 after buying an additional 14,911 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Gaia in the first quarter worth about $73,000. Institutional investors own 40.53% of the company's stock.

About Gaia

(Get Free Report)

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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