Gaia (NASDAQ:GAIA) Posts Earnings Results, Beats Expectations By $0.01 EPS

Gaia (NASDAQ:GAIA) issued its quarterly earnings data on Monday. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01, Zacks reports. Gaia had a negative return on equity of 7.00% and a negative net margin of 7.23%. The company had revenue of $22.16 million during the quarter.

Gaia Stock Performance

NASDAQ:GAIA traded up $0.10 during trading hours on Thursday, hitting $6.08. 9,420 shares of the company traded hands, compared to its average volume of 31,289. The firm has a 50-day moving average of $5.16 and a 200 day moving average of $4.68. Gaia has a twelve month low of $2.35 and a twelve month high of $6.30. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.45 and a quick ratio of 0.45.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Lake Street Capital raised their target price on shares of Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday. StockNews.com started coverage on shares of Gaia in a research note on Friday, September 6th. They set a “hold” rating on the stock.

Gaia Company Profile

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.