B.Riley FBR analyst Eric Wold maintained a Buy rating on Gaia Inc (GAIA – Research Report) today and set a price target of $20. The company’s shares closed last Monday at $6.78, close to its 52-week low of $5.68.
“We are revisiting Gaia, Inc. (GAIA) following our meeting with management—where we came away increasingly confident that GAIA is not only on-track to achieve its guidance for reaching positive AEBITDA and positive FCF over the next 6-12 months, but also that management built overly-conservative assumptions into the model that could accelerate growth trajectories around and beyond those inflection points. While we can understand some level of investor hesitancy given the current balance sheet and cash flow trends over the LTM period, we believe this overlooks the significant improvements in spend efficiency and the meaningful cash flow benefit to come from the price hike grandfathered period in early 2020.”
According to TipRanks.com, Wold is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.0% and a 35.2% success rate. Wold covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.
Gaia Inc has an analyst consensus of Moderate Buy, with a price target consensus of $15.63.
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 $6.35 million.
Based on the recent corporate insider activity of 15 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.