B.Riley FBR analyst Eric Wold reiterated a Buy rating on Gaia Inc (GAIA) today and set a price target of $24. The company’s shares closed yesterday at $11.12, close to its 52-week low of $9.36.
Wold said:
“We are adding Gaia (GAIA) to the B. Riley FBR Alpha Generator ahead of the company’s 4Q18 earnings report that is scheduled for after the close on Monday, 3/4. Note that our Alpha Generator move is not driven by our views around 4Q18 results, but is solely based on our belief (as originally discussed in our 12/26/18 research note) that the Board could take positive actions to address growing investor balance sheet concerns and make a push to profitability earlier than the guidance provided in early November.”
According to TipRanks.com, Wold ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -3.4% and a 37.8% success rate. Wold covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gaia Inc with a $25 average price target, representing a 124.8% upside. In a report issued on February 26, Roth Capital also maintained a Buy rating on the stock with a $23 price target.
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The company has a one-year high of $22.75 and a one-year low of $9.36. Currently, Gaia Inc has an average volume of 74.28K.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GAIA in relation to earlier this year.
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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.
