Gaia (NASDAQ:GAIA) Shares Pass Above 200 Day Moving Average – Here’s Why

Gaia, Inc. (NASDAQ:GAIA)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.90 and traded as high as $5.30. Gaia shares last traded at $5.26, with a volume of 38,892 shares.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Roth Mkm restated a “buy” rating and set a $9.00 price target (down previously from $10.00) on shares of Gaia in a report on Tuesday, March 11th. StockNews.com began coverage on shares of Gaia in a research note on Sunday, April 13th. They issued a “hold” rating on the stock. Finally, Roth Capital raised shares of Gaia to a “strong-buy” rating in a research report on Tuesday, February 11th.

Gaia Stock Down 1.7 %

The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06. The company has a 50-day simple moving average of $4.16 and a 200 day simple moving average of $4.90. The company has a market cap of $131.88 million, a P/E ratio of -19.48 and a beta of 1.02.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings results on Monday, March 10th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates 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. On average, equities analysts anticipate that Gaia, Inc. will post -0.23 EPS for the current year.

Institutional Trading of Gaia

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in Gaia by 13.9% in the third quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock worth $872,000 after purchasing an additional 21,870 shares in the last quarter. Peapod Lane Capital LLC bought a new position in shares of Gaia during the 4th quarter worth $2,804,000. Renaissance Technologies LLC increased its stake in shares of Gaia by 4.1% during the fourth 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 during the period. Dimensional Fund Advisors LP increased its stake in shares of Gaia by 7.2% during the fourth 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 during the period. Finally, Topline Capital Management LLC bought a new stake in shares of Gaia in the fourth quarter valued at about $206,000. Institutional investors own 40.53% of the company’s stock.

Gaia Company Profile

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.