Roth Capital analyst Darren Aftahi maintained a Buy rating on Gaia Inc (NASDAQ: GAIA) today and set a price target of $25. The company’s shares closed yesterday at $15.75.
Aftahi said:
“We hosted GAIA CFO Paul Tarell and CMO Jaymi Bauer at investor meetings. Takeaways include: 1) opportunity for a potential price increase in cohesion with the launch of a premium service 2) insight into future new channels evolution and 3) flexibility around growth/margin tradeoff on subscribers which become net profitable (LTV basis) around ~11 months. Given the timing of reaching 500k subs (9/13/18), we have modestly adjusted our 3Q estimate by ~2k subs to ~508k (down from ~510k prior).”
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 15.4% and a 55.0% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
Gaia Inc has an analyst consensus of Strong Buy, with a price target consensus of $26.33, representing a 67.2% upside. In a report issued on September 5, B.Riley FBR also reiterated a Buy rating on the stock with a $26 price target.
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The company has a one-year high of $22.75 and a one-year low of $11.20. Currently, Gaia Inc has an average volume of 111.6K.
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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.
