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

Equities researchers at StockNews.com began coverage on shares of Gaia (NASDAQ:GAIA) in a research note issued on Tuesday. The brokerage set a “buy” rating on the stock.

GAIA has been the subject of a number of other reports. Lake Street Capital raised their price target on Gaia from $6.00 to $7.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Roth Mkm initiated coverage on Gaia in a report on Tuesday, February 11th. They set a “buy” rating and a $10.00 price target for the company. Finally, Roth Capital raised Gaia to a “strong-buy” rating in a report on Tuesday, February 11th.

Gaia Trading Up 3.3 %

GAIA stock opened at $4.42 on Tuesday. The business has a fifty day moving average price of $4.90 and a 200 day moving average price of $5.14. Gaia has a fifty-two week low of $2.85 and a fifty-two week high of $6.53. The stock has a market capitalization of $103.72 million, a price-to-earnings ratio of -16.37 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43.

Institutional Investors Weigh In On Gaia

Several hedge funds and other institutional investors have recently made changes to their positions in GAIA. Peapod Lane Capital LLC acquired a new stake in shares of Gaia in the 4th quarter valued at $2,804,000. Topline Capital Management LLC acquired a new stake in shares of Gaia in the 4th quarter valued at $206,000. Dimensional Fund Advisors LP increased its stake in shares of Gaia by 7.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock valued at $1,827,000 after buying an additional 27,289 shares during the period. Geode Capital Management LLC increased its stake 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 buying an additional 21,870 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Gaia in the 3rd quarter valued at $49,000. 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.