In a report released today, Eric Wold from B.Riley FBR reiterated a Buy rating on Gaia Inc (GAIA – Research Report), with a price target of $22. The company’s shares closed yesterday at $5.90, close to its 52-week low of $5.70.
“Gaia (GAIA) is scheduled to report 2Q19 results after the close on a conference call at 4:30pm ET. Although we are comfortable with our 2Q19 subscriber and revenue estimates (which are both slightly below consensus estimates), we believe the quarterly results will be less important than management confirming that GAIA remains on- track for achieving sustainable positive EBITDA by the end of September. With GAIA shares down by ~67% over the past year (vs. a gain of ~8% for the S&P 500), it is apparent to us that investors remain skeptical of this accelerated timetable for reaching positive EBITDA and concerned with the safety of balance sheet.”
According to TipRanks.com, Wold has 0 stars on 0-5 star ranking scale with an average return of -7.2% and a 33.4% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gaia Inc with a $16.63 average price target, representing a 181.9% upside. In a report issued on July 23, Roth Capital also maintained a Buy rating on the stock with a $11.25 price target.
The company has a one-year high of $21.65 and a one-year low of $5.70. Currently, Gaia Inc has an average volume of 108.7K.
Based on the recent corporate insider activity of 11 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.