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Gaia (NASDAQ:GAIA) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Gaia logo with Consumer Discretionary background

Key Points

  • Gaia, Inc. (NASDAQ:GAIA) stock surpassed its 200-day moving average of $4.56, trading at $6.05 with a volume of nearly 20,000 shares.
  • The company reported a quarterly earnings per share of ($0.07), exceeding analysts' expectations of ($0.08), while revenue reached $24.63 million.
  • Institutional investors have shown increased interest, with several firms like AWM Investment Company Inc. and Geode Capital Management LLC significantly increasing their holdings in Gaia shares.
  • MarketBeat previews the top five stocks to own by October 1st.

Gaia, Inc. (NASDAQ:GAIA - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.56 and traded as high as $6.17. Gaia shares last traded at $6.05, with a volume of 19,934 shares.

Gaia Stock Performance

The firm has a 50 day simple moving average of $4.94 and a 200 day simple moving average of $4.58. The firm has a market cap of $151.66 million, a P/E ratio of -31.79 and a beta of 0.88.

Gaia (NASDAQ:GAIA - Get Free Report) last announced its quarterly earnings results 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%. Sell-side analysts predict that Gaia, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Gaia

Large investors have recently added to or reduced their stakes in the company. AWM Investment Company Inc. boosted its holdings in shares of Gaia by 17.2% in the 1st quarter. AWM Investment Company Inc. now owns 1,962,706 shares of the company's stock worth $7,556,000 after purchasing an additional 288,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Gaia by 113.3% in the 2nd quarter. Geode Capital Management LLC now owns 405,602 shares of the company's stock worth $1,781,000 after acquiring an additional 215,415 shares during the last quarter. S Squared Technology LLC grew its holdings in shares of Gaia by 15.1% during the 1st quarter. S Squared Technology LLC now owns 723,305 shares of the company's stock valued at $2,785,000 after purchasing an additional 95,000 shares during the last quarter. New York State Common Retirement Fund purchased a new position in Gaia in the 2nd quarter worth $90,000. Finally, Jane Street Group LLC bought a new stake in Gaia in the first quarter worth $73,000. Hedge funds and other institutional investors own 40.53% of the company's stock.

Gaia Company Profile

(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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