Gaia (NASDAQ:GAIA) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Gaia, Inc. (NASDAQ:GAIA) passed 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 changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GAIA. Lake Street Capital raised their price objective on shares of Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. StockNews.com began coverage on Gaia in a research report on Friday. They set a “buy” rating for the company.

Gaia Stock Down 3.8 %

The company has a market capitalization of $131.88 million, a price-to-earnings ratio of -20.81 and a beta of 0.69. 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 simple moving average is $5.17 and its 200-day simple moving average is $5.09.

Gaia (NASDAQ:GAIA) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $22.16 million during the quarter. 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, Inc. will post -0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Gaia

A number of large investors have recently bought and sold shares of GAIA. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Gaia in the 3rd quarter valued at about $49,000. Geode Capital Management LLC increased its holdings in shares of Gaia by 13.9% in the 3rd 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. Dimensional Fund Advisors LP increased its holdings in shares of Gaia by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 338,638 shares of the company’s stock valued at $1,493,000 after purchasing an additional 13,865 shares in the last quarter. Finally, Peapod Lane Capital LLC purchased a new position in shares of Gaia in the 4th quarter valued at about $2,804,000. 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.