Gaia (NASDAQ:GAIA) Coverage Initiated at StockNews.com

Analysts at StockNews.com began coverage on shares of Gaia (NASDAQ:GAIA) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the stock.

GAIA has been the topic of several other reports. Roth Mkm reiterated a “buy” rating and issued a $9.00 target price (down from $10.00) on shares of Gaia in a research note on Tuesday, March 11th. Roth Capital upgraded shares of Gaia to a “strong-buy” rating in a research note on Tuesday, February 11th.

Gaia Stock Performance

Shares of GAIA stock opened at $4.09 on Thursday. The stock has a market capitalization of $102.55 million, a P/E ratio of -15.15 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. The firm’s 50 day moving average is $4.82 and its 200 day moving average is $5.12. Gaia has a 12 month low of $2.85 and a 12 month high of $6.53.

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

Institutional Trading of Gaia

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