In a report released yesterday, Darren Aftahi from Roth Capital maintained a Buy rating on Gaia Inc (GAIA), with a price target of $15.50. The company’s shares closed yesterday at $11.40, close to its 52-week low of $9.36.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 14.2% and a 56.3% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gaia Inc with a $25 average price target, which is an 119.3% upside from current levels. In a report issued on March 1, B.Riley FBR also reiterated a Buy rating on the stock with a $24 price target.
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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 13 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.
