Gaia (NASDAQ:GAIA) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Gaia (NASDAQ:GAIA) in a research note published on Wednesday morning. The firm issued a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Roth Capital upgraded shares of Gaia to a “strong-buy” rating in a research note on Tuesday, February 11th. Roth Mkm restated a “buy” rating and set a $9.00 target price (down previously from $10.00) on shares of Gaia in a research note on Tuesday.

Gaia Price Performance

Shares of NASDAQ:GAIA opened at $4.17 on Wednesday. The firm’s 50 day moving average price is $4.86 and its 200-day moving average price is $5.15. Gaia has a twelve month low of $2.85 and a twelve month high of $6.53. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $97.86 million, a PE ratio of -15.44 and a beta of 0.78.

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

Institutional Investors Weigh In On Gaia

A number of institutional investors have recently added to or reduced their stakes in GAIA. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Gaia during the 3rd quarter valued at approximately $49,000. Geode Capital Management LLC grew its holdings in Gaia by 13.9% during the 3rd quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock valued at $872,000 after buying an additional 21,870 shares in the last quarter. Peapod Lane Capital LLC purchased a new stake in Gaia during the 4th quarter valued at approximately $2,804,000. Renaissance Technologies LLC grew its holdings in Gaia by 4.1% during the 4th quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock valued at $855,000 after buying an additional 7,460 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Gaia by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock valued at $1,827,000 after buying an additional 27,289 shares in the last quarter. 40.53% of the stock is 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.