In a report released today, Eric Wold from B.Riley FBR maintained a Buy rating on Gaia Inc (GAIA – Research Report), with a price target of $20.00. The company’s shares closed last Monday at $6.40, close to its 52-week low of $5.50.
According to TipRanks.com, Wold has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.1% and a 37.2% success rate. Wold covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gaia Inc with a $15.63 average price target.
Based on Gaia Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $4.47 million. In comparison, last year the company had a GAAP net loss of $10.33 million.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GAIA in relation to earlier this year.
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Gaia, Inc. operates a global digital video streaming subscription service and online community. It provides its services through the following channels: Seeking Truth, Transformation, and Yoga. The company was founded by Jirka Rysavy on July 7, 1988 and is headquartered in Louisville, CO.