Gaia, Inc. (NASDAQ:GAIA) Short Interest Update

Gaia, Inc. (NASDAQ:GAIA) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 21,600 shares, a decline of 58.2% from the February 28th total of 51,700 shares. Based on an average daily volume of 36,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

Gaia Trading Down 7.8 %

Shares of Gaia stock traded down $0.31 during trading hours on Friday, reaching $3.69. 54,983 shares of the company’s stock were exchanged, compared to its average volume of 32,268. The firm has a market capitalization of $92.52 million, a price-to-earnings ratio of -13.67 and a beta of 0.78. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06. Gaia has a 52-week low of $2.86 and a 52-week high of $6.53. The company has a fifty day moving average of $4.79 and a 200-day moving average of $5.10.

Gaia (NASDAQ:GAIA) last released its quarterly earnings data 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 return on equity of 6.90% and a negative net margin of 7.23%. The business had revenue of $24.43 million during the quarter, compared to the consensus estimate of $24.40 million. Sell-side analysts forecast that Gaia will post -0.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GAIA. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Gaia in the 3rd quarter valued at $49,000. Topline Capital Management LLC purchased a new stake in shares of Gaia in the fourth quarter worth about $206,000. Geode Capital Management LLC grew its stake in shares of Gaia by 13.9% in the third 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. Renaissance Technologies LLC raised its holdings in shares of 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 during the period. Finally, Dimensional Fund Advisors LP lifted its position in Gaia by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock worth $1,827,000 after acquiring an additional 27,289 shares in the last quarter. Hedge funds and other institutional investors own 40.53% of the company’s stock.

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.