Gaia (NASDAQ:GAIA) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Gaia, Inc. (NASDAQ:GAIA)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.08 and traded as high as $5.85. Gaia shares last traded at $5.84, with a volume of 10,445 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GAIA shares. StockNews.com started coverage on shares of Gaia in a report on Friday. They set a “buy” rating for the company. Lake Street Capital raised their target price on shares of Gaia from $6.00 to $7.00 and gave the company a “buy” rating in a report on Tuesday, November 5th.

Gaia Price Performance

The stock has a market capitalization of $131.88 million, a PE ratio of -20.81 and a beta of 0.69. The company’s fifty day simple moving average is $5.17 and its two-hundred day simple moving average is $5.09. 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 (NASDAQ:GAIA) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. Gaia had a negative net margin of 7.23% and a negative return on equity of 6.90%. The company had revenue of $22.16 million for the quarter. As a group, sell-side analysts predict that Gaia, Inc. will post -0.24 EPS for the current year.

Institutional Investors Weigh In On Gaia

Hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Gaia during the 3rd quarter worth about $49,000. Geode Capital Management LLC boosted its stake 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 worth $872,000 after purchasing an additional 21,870 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Gaia by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 338,638 shares of the company’s stock worth $1,493,000 after acquiring an additional 13,865 shares during the last quarter. Finally, Peapod Lane Capital LLC acquired a new stake in shares of Gaia in the fourth quarter worth approximately $2,804,000. 40.53% of the stock is owned by institutional investors and hedge funds.

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.