Gaia Inc Receives a Buy from B.Riley FBR

B.Riley FBR analyst Eric Wold reiterated a Buy rating on Gaia Inc (NASDAQ: GAIA) today and set a price target of $23. The company’s shares closed yesterday at $15.25.

Wold noted:

“Gaia (GAIA) is scheduled to report 1Q18 results after the close on Monday, 5/7, with a conference call at 4:30pm ET. As the first quarterly report following the company’s follow-on equity offering completed in March, we would expect the focus to be more on subscriber growth trends (both for 1Q and into 2Q) as opposed to revenue (which can be skewed somewhat by timing) or adjusted EBITDA (as we do not project any subscriber acquisition cost spend efficiencies to kick in until 2019. However, on that note, we remain comfortable with our 1Q subscriber projection given the momentum through February and as this represents the highest growth rate in our model for 2018, any results at/above our estimate would help to boost confidence/visibility into full-year trends.”

According to TipRanks.com, Wold is a 4-star analyst with an average return of 6.6% and a 54.2% success rate. Wold covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.

Currently, the analyst consensus on Gaia Inc is Moderate Buy and the average price target is $22, representing a 44.3% upside.

In a report issued on April 27, Roth Capital also initiated coverage with a Buy rating on the stock with a $21 price target.

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The company has a one-year high of $17.70 and a one-year low of $10.35. Currently, Gaia Inc has an average volume of 140.5K.

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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.