Gaia (NASDAQ:GAIA) Shares Pass Above Two Hundred Day Moving Average of $2.53

Gaia, Inc. (NASDAQ:GAIA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.53 and traded as high as $2.68. Gaia shares last traded at $2.57, with a volume of 61,390 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Gaia from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 8th.

Gaia Trading Down 0.4 %

The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $2.62 and a two-hundred day moving average of $2.53.

Insider Activity

In other news, Chairman Jirka Rysavy acquired 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was acquired at an average cost of $2.70 per share, with a total value of $270,000.00. Following the acquisition, the chairman now owns 5,975,061 shares in the company, valued at $16,132,664.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought a total of 112,675 shares of company stock valued at $300,560 over the last 90 days. 35.44% of the stock is currently owned by company insiders.

Institutional Trading of Gaia

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its position in Gaia by 1,087.6% in the 1st quarter. NewEdge Advisors LLC now owns 11,876 shares of the company’s stock worth $33,000 after purchasing an additional 10,876 shares during the last quarter. Polaris Wealth Advisory Group LLC acquired a new position in Gaia in the 1st quarter valued at approximately $43,000. Citadel Advisors LLC lifted its position in shares of Gaia by 259.6% in the 3rd quarter. Citadel Advisors LLC now owns 23,779 shares of the company’s stock worth $58,000 after acquiring an additional 38,679 shares during the period. Morgan Stanley grew its holdings in shares of Gaia by 2,160.5% during the 4th quarter. Morgan Stanley now owns 46,634 shares of the company’s stock worth $111,000 after purchasing an additional 44,571 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Gaia by 15.1% during the first quarter. Acadian Asset Management LLC now owns 41,984 shares of the company’s stock valued at $205,000 after purchasing an additional 5,505 shares during the period. Institutional investors own 30.64% of the company’s stock.

About Gaia

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