B.Riley FBR Thinks Gaia Inc’s Stock is Going to Recover

B.Riley FBR analyst Eric Wold reiterated a Buy rating on Gaia Inc (GAIAResearch Report) today and set a price target of $20. The company’s shares opened today at $7.25, close to its 52-week low of $5.68.

Wold observed:

“We continue to believe that should management achieve both of those positive EBITDA and positive cash flow goals over the next 12 months, there could be a meaningful re-rating for GAIA shares—that should bring them to and potentially above our $20 PT. We are reiterating our Buy rating.”

According to TipRanks.com, Wold is ranked 0 out of 5 stars with an average return of -7.8% and a 35.3% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.

Gaia Inc has an analyst consensus of Moderate Buy, with a price target consensus of $15.63, implying an 115.6% upside from current levels. In a report issued on August 5, Roth Capital also maintained a Buy rating on the stock with a $11.25 price target.

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The company has a one-year high of $17.80 and a one-year low of $5.68. Currently, Gaia Inc has an average volume of 113.9K.

Based on the recent corporate insider activity of 13 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.