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

StockNews.com began coverage on shares of Gaia (NASDAQ:GAIA) in a research report sent to investors on Thursday. The brokerage issued a buy rating on the stock.

Other analysts also recently issued research reports about the company. Roth Capital raised Gaia to a “strong-buy” rating in a research note on Tuesday, February 11th. Roth Mkm reissued a “buy” rating and issued a $9.00 price objective (down previously from $10.00) on shares of Gaia in a research note on Tuesday, March 11th.

Gaia Price Performance

Shares of Gaia stock opened at $4.18 on Thursday. The business’s fifty day moving average price is $4.83 and its two-hundred day moving average price is $5.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $104.81 million, a P/E ratio of -15.48 and a beta of 0.78. Gaia has a 1-year low of $2.85 and a 1-year high of $6.53.

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

Institutional Trading of Gaia

Hedge funds and other institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Gaia during the third quarter worth $49,000. Geode Capital Management LLC raised its position in shares of Gaia by 13.9% during 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 during the period. Peapod Lane Capital LLC acquired a new stake in shares of Gaia during the fourth quarter worth $2,804,000. Ameriprise Financial Inc. raised its position in shares of Gaia by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,114,980 shares of the company’s stock worth $5,006,000 after purchasing an additional 3,124 shares during the period. Finally, Dimensional Fund Advisors LP raised its position 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 worth $1,827,000 after purchasing an additional 27,289 shares during the period. 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.