StockNews.com Begins Coverage on Gaia (NASDAQ:GAIA)

StockNews.com assumed coverage on shares of Gaia (NASDAQ:GAIA) in a research report released on Thursday morning. The brokerage issued a buy rating on the stock.

Other analysts also recently issued research reports about the company. Roth Mkm restated a “buy” rating and issued a $9.00 target price (down previously from $10.00) on shares of Gaia in a research note on Tuesday, March 11th. Roth Capital upgraded Gaia to a “strong-buy” rating in a research note on Tuesday, February 11th.

Gaia Stock Down 2.2 %

Shares of GAIA stock opened at $4.09 on Thursday. The stock’s 50-day simple moving average is $4.82 and its 200-day simple moving average is $5.13. 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 has a market capitalization of $102.55 million, a PE ratio of -15.15 and a beta of 0.78. Gaia has a fifty-two week low of $2.85 and a fifty-two week high of $6.53.

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

Hedge Funds Weigh In On Gaia

A number of hedge funds have recently bought and sold shares of GAIA. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Gaia during the third quarter worth approximately $49,000. Topline Capital Management LLC purchased a new position in Gaia during the fourth quarter worth approximately $206,000. Renaissance Technologies LLC boosted its position in Gaia by 4.1% during the fourth quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock worth $855,000 after purchasing an additional 7,460 shares in the last quarter. Geode Capital Management LLC boosted its position in Gaia by 13.9% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Gaia by 7.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock valued at $1,827,000 after acquiring an additional 27,289 shares during the last quarter. Hedge funds and other institutional investors own 40.53% of the company’s stock.

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.