Ned Preston Acquires 2,000 Shares of Gaia (NASDAQ:GAIA) Stock

Gaia, Inc. (NASDAQ:GAIA) CFO Ned Preston acquired 2,000 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was acquired at an average cost of $5.64 per share, with a total value of $11,280.00. Following the purchase, the chief financial officer owned 2,000 shares of the company’s stock, valued at approximately $11,280. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Gaia Trading Up 2.6%

Shares of NASDAQ GAIA traded up $0.15 during midday trading on Monday, hitting $5.71. The company’s stock had a trading volume of 1,747 shares, compared to its average volume of 56,875. The business’s 50 day moving average is $4.64 and its two-hundred day moving average is $4.50. The firm has a market cap of $143.25 million, a P/E ratio of -30.03 and a beta of 0.87. Gaia, Inc. has a 12-month low of $2.93 and a 12-month high of $6.53.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. Gaia had a negative return on equity of 5.00% and a negative net margin of 5.06%.The firm had revenue of $24.63 million during the quarter, compared to analysts’ expectations of $24.33 million. On average, analysts predict that Gaia, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GAIA. AWM Investment Company Inc. raised its position in Gaia by 17.2% in the first quarter. AWM Investment Company Inc. now owns 1,962,706 shares of the company’s stock valued at $7,556,000 after purchasing an additional 288,000 shares during the period. Ameriprise Financial Inc. raised its stake in Gaia by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 1,114,980 shares of the company’s stock valued at $5,006,000 after acquiring an additional 3,124 shares during the last quarter. S Squared Technology LLC lifted its position in Gaia by 15.1% in the first quarter. S Squared Technology LLC now owns 723,305 shares of the company’s stock valued at $2,785,000 after purchasing an additional 95,000 shares during the period. Dimensional Fund Advisors LP increased its holdings in Gaia by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock valued at $1,827,000 after buying an additional 27,289 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Gaia by 113.3% during the 2nd quarter. Geode Capital Management LLC now owns 405,602 shares of the company’s stock worth $1,781,000 after purchasing an additional 215,415 shares in the last quarter. 40.53% of the stock is currently owned by institutional investors and hedge funds.

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.