Gaia (NASDAQ:GAIA) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Gaia (NASDAQ:GAIA) in a research report issued on Friday. The firm set a “buy” rating on the stock.

Several other research firms also recently commented on GAIA. Roth Capital upgraded Gaia to a “strong-buy” rating in a report on Tuesday, February 11th. Roth Mkm reiterated a “buy” rating and issued a $9.00 price target (down from $10.00) on shares of Gaia in a research note on Tuesday, March 11th.

Gaia Trading Down 7.8 %

Shares of NASDAQ GAIA opened at $3.69 on Friday. The company has a market cap of $92.52 million, a PE ratio of -13.67 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.43. The firm’s 50 day moving average price is $4.76 and its 200-day moving average price is $5.09. Gaia has a 52-week low of $3.03 and a 52-week high of $6.53.

Gaia (NASDAQ:GAIA) last released its quarterly earnings data on Monday, March 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The business had revenue of $24.43 million for the quarter, compared to analysts’ expectations of $24.40 million. Gaia had a negative return on equity of 6.90% and a negative net margin of 7.23%. On average, equities research analysts expect that Gaia will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Gaia

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in Gaia by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,114,980 shares of the company’s stock valued at $5,006,000 after acquiring an additional 3,124 shares during the period. Topline Capital Management LLC purchased a new stake in shares of Gaia during the 4th quarter valued at about $206,000. Dimensional Fund Advisors LP lifted its stake in shares of Gaia by 7.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock worth $1,827,000 after purchasing an additional 27,289 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Gaia by 4.1% in the fourth quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock worth $855,000 after buying an additional 7,460 shares during the last quarter. Finally, Peapod Lane Capital LLC purchased a new position in shares of Gaia in the fourth quarter worth approximately $2,804,000. 40.53% of the stock is currently owned by hedge funds and other institutional investors.

About Gaia

Gaia, Inc operates a digital video subscription service and online community for underserved member base in the United States, Canada, Australia, and internationally. The company has a digital content library with various titles in Spanish, German, and French languages available to its subscribers on internet connected devices.