Roth Mkm Reiterates Buy Rating for Gaia (NASDAQ:GAIA)

Gaia (NASDAQ:GAIA)‘s stock had its “buy” rating restated by equities research analysts at Roth Mkm in a research note issued on Tuesday,Benzinga reports. They presently have a $9.00 target price on the stock, down from their previous target price of $10.00. Roth Mkm’s price target would indicate a potential upside of 115.83% from the stock’s previous close.

Several other equities analysts have also recently issued reports on GAIA. Roth Capital upgraded shares of Gaia to a “strong-buy” rating in a research report on Tuesday, February 11th. StockNews.com assumed coverage on Gaia in a research report on Tuesday, March 4th. They set a “buy” rating on the stock.

Gaia Price Performance

Shares of GAIA stock opened at $4.17 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.43. Gaia has a fifty-two week low of $2.85 and a fifty-two week high of $6.53. The firm has a market cap of $97.86 million, a P/E ratio of -15.44 and a beta of 0.78. The business’s 50 day moving average price is $4.86 and its 200-day moving average price is $5.15.

Gaia (NASDAQ:GAIA) last released its quarterly 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. Gaia had a negative net margin of 7.23% and a negative return on equity of 6.90%. The business had revenue of $24.43 million for the quarter, compared to analysts’ expectations of $24.40 million. On average, equities research analysts anticipate that Gaia will post -0.23 earnings per share for the current year.

Institutional Trading of Gaia

A number of hedge funds and other institutional investors have recently modified their holdings of GAIA. Ameriprise Financial Inc. increased its position in Gaia by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 1,114,980 shares of the company’s stock valued at $5,006,000 after buying an additional 3,124 shares in the last quarter. Renaissance Technologies LLC grew its position in 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. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Gaia during the third quarter valued at $49,000. Geode Capital Management LLC boosted its position 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 worth $872,000 after purchasing an additional 21,870 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Gaia by 7.2% in the 4th 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 in the last quarter. 40.53% of the stock is owned by hedge funds and other institutional investors.

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.