Gaia (NASDAQ:GAIA) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Gaia (NASDAQ:GAIA) in a research note published on Thursday. The firm issued a buy rating on the stock.

Several other equities research analysts have also recently weighed in on GAIA. Roth Mkm reiterated a “buy” rating and issued a $9.00 target price (down from $10.00) on shares of Gaia in a report on Tuesday, March 11th. Roth Capital raised Gaia to a “strong-buy” rating in a research report on Tuesday, February 11th.

Gaia Price Performance

GAIA opened at $4.09 on Thursday. The business has a fifty day moving average of $4.82 and a 200 day moving average of $5.13. Gaia has a 52-week low of $2.85 and a 52-week high of $6.53. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. The stock has a market cap of $102.55 million, a P/E ratio of -15.15 and a beta of 0.78.

Gaia (NASDAQ:GAIA) last issued its earnings results on Monday, March 10th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $24.40 million. As a group, sell-side analysts anticipate that Gaia will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GAIA. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Gaia during the 3rd quarter valued at about $49,000. Topline Capital Management LLC acquired a new position in Gaia during the 4th quarter valued at about $206,000. Renaissance Technologies LLC increased its position in Gaia by 4.1% during the 4th quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock valued at $855,000 after buying an additional 7,460 shares in the last quarter. Geode Capital Management LLC increased its position in Gaia by 13.9% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Gaia by 7.2% during 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 in the last quarter. 40.53% of the stock is owned by institutional investors.

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.