Peapod Lane Capital LLC Takes Position in Gaia, Inc. (NASDAQ:GAIA)

Peapod Lane Capital LLC acquired a new stake in Gaia, Inc. (NASDAQ:GAIA) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 624,431 shares of the company’s stock, valued at approximately $2,804,000. Gaia accounts for about 2.8% of Peapod Lane Capital LLC’s investment portfolio, making the stock its 10th biggest holding.

Separately, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Gaia during the third quarter worth $49,000. 40.53% of the stock is owned by institutional investors.

Gaia Price Performance

NASDAQ:GAIA opened at $5.01 on Thursday. Gaia, Inc. has a 52 week low of $2.78 and a 52 week high of $6.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.43. The firm’s 50-day simple moving average is $5.06 and its 200 day simple moving average is $5.11. The firm has a market cap of $117.58 million, a price-to-earnings ratio of -18.56 and a beta of 0.71.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GAIA. Roth Mkm assumed coverage on shares of Gaia in a research note on Tuesday. They issued a “buy” rating and a $10.00 target price for the company. StockNews.com assumed coverage on Gaia in a report on Saturday, February 8th. They set a “buy” rating for the company. Lake Street Capital boosted their target price on Gaia from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Roth Capital raised shares of Gaia to a “strong-buy” rating in a research note on Tuesday.

Gaia 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.