Gaia (NASDAQ:GAIA) Downgraded by B. Riley

Gaia (NASDAQ:GAIAGet Rating) was downgraded by research analysts at B. Riley from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, Marketbeat Ratings reports.

A number of other analysts have also weighed in on the stock. TheStreet lowered shares of Gaia from a “c” rating to a “d+” rating in a report on Tuesday, May 10th. Colliers Securities reiterated a “buy” rating and set a $12.00 target price on shares of Gaia in a report on Tuesday, March 1st. Finally, StockNews.com began coverage on shares of Gaia in a report on Monday, May 23rd. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Gaia has an average rating of “Moderate Buy” and an average price target of $14.33.

GAIA traded down $0.15 during trading on Tuesday, reaching $4.22. The stock had a trading volume of 39,126 shares, compared to its average volume of 54,497. The stock has a market cap of $87.67 million, a PE ratio of 26.38 and a beta of 0.58. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.46 and a current ratio of 0.46. Gaia has a one year low of $4.02 and a one year high of $12.42. The business has a 50-day moving average of $4.85 and a 200-day moving average of $6.19.

Gaia (NASDAQ:GAIAGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The company reported $0.01 earnings per share (EPS) for the quarter. Gaia had a net margin of 4.19% and a return on equity of 4.65%. The business had revenue of $21.83 million during the quarter, compared to analyst estimates of $21.64 million. Equities research analysts forecast that Gaia will post 0.04 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Gaia during the 4th quarter valued at $108,000. Acadian Asset Management LLC increased its holdings in Gaia by 15.1% in the 1st quarter. Acadian Asset Management LLC now owns 41,984 shares of the company’s stock valued at $205,000 after acquiring an additional 5,505 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Gaia by 5.0% in the 1st quarter. Bank of New York Mellon Corp now owns 51,808 shares of the company’s stock valued at $254,000 after acquiring an additional 2,483 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Gaia by 12.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 95,245 shares of the company’s stock valued at $469,000 after acquiring an additional 10,263 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Gaia by 2.3% in the 1st quarter. Renaissance Technologies LLC now owns 131,800 shares of the company’s stock valued at $648,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors own 40.49% of the company’s stock.

Gaia Company Profile (Get Rating)

Gaia, Inc operates a digital video subscription service and on-line community for underserved member base in the United States, Canada, Australia, and internationally. It has a digital content library of approximately 10,000 titles in Spanish, German, and French languages available to its subscribers on internet-connected devices.

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