Roth Capital Upgrades Gaia (NASDAQ:GAIA) to “Strong-Buy”

Gaia (NASDAQ:GAIA) was upgraded by equities research analysts at Roth Capital to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

GAIA has been the topic of several other research reports. Roth Mkm initiated coverage on shares of Gaia in a research note on Tuesday. They issued a “buy” rating and a $10.00 price objective on the stock. Lake Street Capital upped their price target on shares of Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, StockNews.com began coverage on Gaia in a research note on Saturday. They issued a “buy” rating on the stock.

Gaia Price Performance

Shares of GAIA opened at $5.01 on Tuesday. The business’s 50-day moving average is $5.08 and its 200-day moving average is $5.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $117.58 million, a price-to-earnings ratio of -18.56 and a beta of 0.71. Gaia has a fifty-two week low of $2.78 and a fifty-two week high of $6.53.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Gaia during the third quarter valued at approximately $49,000. Geode Capital Management LLC boosted its holdings in shares of Gaia by 13.9% during the 3rd quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock worth $872,000 after buying an additional 21,870 shares during the period. Finally, Peapod Lane Capital LLC acquired a new position in Gaia in the 4th quarter valued at $2,804,000. Institutional investors and hedge funds own 40.53% of the company’s stock.

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.