Gaia (NASDAQ:GAIA) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Gaia (NASDAQ:GAIA) issued its quarterly earnings data on Monday. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01, Zacks reports. Gaia had a negative net margin of 6.68% and a negative return on equity of 6.37%. The business had revenue of $22.16 million during the quarter.

Gaia Stock Performance

GAIA traded up $0.02 during midday trading on Wednesday, reaching $5.98. The company had a trading volume of 18,972 shares, compared to its average volume of 31,391. Gaia has a 12-month low of $2.35 and a 12-month high of $6.30. The business has a 50-day moving average price of $5.16 and a two-hundred day moving average price of $4.68. The stock has a market cap of $140.23 million, a PE ratio of -23.92 and a beta of 0.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.45.

Wall Street Analyst Weigh In

GAIA has been the subject of several recent analyst reports. Lake Street Capital upped their target price on Gaia from $6.00 to $7.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com started coverage on Gaia in a research note on Friday, September 6th. They issued a “hold” rating for the company.

About Gaia

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.