Gaia (NASDAQ:GAIA) Now Covered by StockNews.com

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

A number of other equities research analysts have also recently commented on GAIA. Roth Mkm initiated coverage on Gaia in a research note on Tuesday, February 11th. They set a “buy” rating and a $10.00 price objective for the company. Roth Capital upgraded Gaia to a “strong-buy” rating in a report on Tuesday, February 11th. Finally, Lake Street Capital lifted their target price on Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

Gaia Stock Up 3.3 %

Shares of Gaia stock opened at $4.42 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. Gaia has a 12 month low of $2.85 and a 12 month high of $6.53. The business has a fifty day simple moving average of $4.90 and a 200 day simple moving average of $5.14. The stock has a market cap of $103.72 million, a PE ratio of -16.37 and a beta of 0.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GAIA. Connor Clark & Lunn Investment Management Ltd. bought a new position in Gaia during the third quarter worth about $49,000. Topline Capital Management LLC bought a new stake in shares of Gaia in the fourth quarter valued at about $206,000. Renaissance Technologies LLC lifted its holdings in shares of Gaia by 4.1% in the fourth quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock valued at $855,000 after purchasing an additional 7,460 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 21,870 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Gaia by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock valued at $1,827,000 after purchasing an additional 27,289 shares in the last quarter. 40.53% of the stock is currently owned by institutional investors.

Gaia Company 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.