Short Interest in Gaia Inc (NASDAQ:GAIA) Increases By 13.4%

Gaia Inc (NASDAQ:GAIA) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 1,905,700 shares, an increase of 13.4% from the July 31st total of 1,679,900 shares. Approximately 17.5% of the company’s shares are sold short. Based on an average daily volume of 118,400 shares, the short-interest ratio is presently 16.1 days.

Several research analysts have issued reports on GAIA shares. Zacks Investment Research upgraded Gaia from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a report on Friday. Lake Street Capital cut their price target on Gaia from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Finally, ValuEngine upgraded Gaia from a “hold” rating to a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $16.08.

NASDAQ:GAIA traded up $0.94 on Friday, hitting $9.17. The stock had a trading volume of 680,795 shares, compared to its average volume of 102,505. The business’s fifty day moving average is $6.86 and its 200 day moving average is $8.09. The company has a market cap of $151.30 million, a PE ratio of -4.68 and a beta of 1.10. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Gaia has a 52 week low of $5.68 and a 52 week high of $17.20.

Gaia (NASDAQ:GAIA) last posted its earnings results on Monday, August 5th. The company reported ($0.25) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.06. Gaia had a negative return on equity of 39.97% and a negative net margin of 66.00%. The company had revenue of $13.16 million for the quarter, compared to analyst estimates of $13.09 million. Equities analysts predict that Gaia will post -1.1 earnings per share for the current fiscal year.

In other news, Director Paul Howard Sutherland purchased 15,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of $6.28 per share, for a total transaction of $94,200.00. Following the completion of the acquisition, the director now owns 89,057 shares in the company, valued at $559,277.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Jirka Rysavy purchased 105,879 shares of the business’s stock in a transaction on Friday, August 9th. The stock was purchased at an average price of $7.14 per share, for a total transaction of $755,976.06. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 278,379 shares of company stock worth $2,369,126. 34.83% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of GAIA. Bank of America Corp DE lifted its holdings in shares of Gaia by 146.0% in the fourth quarter. Bank of America Corp DE now owns 9,896 shares of the company’s stock valued at $102,000 after purchasing an additional 5,873 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Gaia by 7.6% in the first quarter. Royce & Associates LP now owns 691,300 shares of the company’s stock valued at $6,325,000 after purchasing an additional 48,800 shares in the last quarter. S Squared Technology LLC lifted its holdings in shares of Gaia by 27.1% in the first quarter. S Squared Technology LLC now owns 234,139 shares of the company’s stock valued at $2,142,000 after purchasing an additional 49,981 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Gaia in the first quarter valued at approximately $975,000. Finally, Marshall Wace North America L.P. lifted its holdings in shares of Gaia by 76.1% in the first quarter. Marshall Wace North America L.P. now owns 7,498 shares of the company’s stock valued at $69,000 after purchasing an additional 3,240 shares in the last quarter. Institutional investors own 47.81% of the company’s stock.

Gaia Company Profile

Gaia, Inc operates a digital video subscription service and online community that caters underserved subscriber base worldwide. The company has a digital content library of approximately 8,000 titles available to its subscribers on Internet-connected devices. Its subscribers have access to a library of films, documentaries, interviews, yoga classes, transformation related content, and others for digital streaming.

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