“We believe GAIA may be on the verge of a pivot towards more moderate growth in order to preserve cash and reach adj. EBITDA faster. We explore a scenario where we cut sub growth in FY19/FY20, which reduces revenue and cash burn, getting GAIA to adj. EBITDA breakeven/positive by 3Q19, with $9-10M in cash and its full LOC. We strongly believe a similar scenario could play out in the near future, which could alleviate recent investor concerns regarding cash.”
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 10.9% and a 54.1% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
Currently, the analyst consensus on Gaia Inc is a Moderate Buy with an average price target of $23.
Based on Gaia Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $10.33 million. In comparison, last year the company had a GAAP net loss of $5.58 million.
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.