In a report released today, Eric Wold from B.Riley FBR reiterated a Buy rating on Gaia Inc (NASDAQ: GAIA), with a price target of $26. The company’s shares closed yesterday at $18.15.
Wold noted:
“After the close on Monday (8/6), Gaia (GAIA) reported 2Q18 results that painted a picture of continued strength in subscriber additions and a move towards more efficient revenue/ subscriber growth and positive EBITDA. While 2Q18 revenues came in slightly below our estimate on a more back-weighted subscriber addition trend in the quarter, not only did total subscribers exceed our projection, but the direct spend per subscriber was 34% more efficient as organic contributions begin to play a greater role in the company’s overall growth. With the organic contributions only likely to strengthen as the subscriber base moves toward 1.0M in 2019 and management plans additional offerings to improve referrals and drive ARPU higher, we see a bias for the pivot to positive EBITDA to occur sooner than our current mid-2020 projection.”
According to TipRanks.com, Wold is a 5-star analyst with an average return of 8.5% and a 58.0% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gaia Inc with a $25.50 average price target.
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Based on Gaia Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $6.35 million. In comparison, last year the company had a GAAP net loss of $6.31 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.
