B.Riley FBR Believes Gaia Inc (GAIA) Still Has Room to Grow

B.Riley FBR analyst Eric Wold reiterated a Buy rating on Gaia Inc (NASDAQ: GAIA) today and set a price target of $26. The company’s shares closed yesterday at $19.80, close to its 52-week high of $20.15.

Wold wrote:

“We are revisiting our positive thesis around Gaia (GAIA) to highlight our thoughts coming out of our management meeting at the 19th Annual B. Riley FBR Investor Conference in late May— where we highlighted GAIA as a conference best idea. Along with being increasingly confident in an ability to meet our existing subscriber growth projections, we see more of an opportunity for GAIA to exceed those projections through a premium subscription offering and a coordinated subscriber referral program—and to do so with positive influences on average lifetime value (LTV), ARPU and subscriber acquisition cost (SAC). And while we are not making any changes to our estimates, our analysis indicates that even a moderately successful subscriber referral program could accelerate our projected 2Q20 move into positive EBITDA by one quarter.”

According to TipRanks.com, Wold is a 4-star analyst with an average return of 8.5% and a 57.2% 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 $23.50.

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Based on Gaia Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $6.04 million. In comparison, last year the company had a GAAP net loss of $6.18 million.

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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.