Gaia (NASDAQ:GAIA) Shares Pass Above 200-Day Moving Average of $3.46

Gaia, Inc. (NASDAQ:GAIA)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.46 and traded as high as $4.61. Gaia shares last traded at $4.29, with a volume of 91,555 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Gaia in a research report on Wednesday, May 22nd. They set a “strong-buy” rating for the company.

Gaia Stock Down 4.9 %

The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is $4.34 and its 200 day moving average price is $3.46. The firm has a market cap of $100.60 million, a P/E ratio of -17.88 and a beta of 0.61.

Gaia (NASDAQ:GAIA) last posted its earnings results on Monday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter. Gaia had a negative net margin of 6.29% and a negative return on equity of 5.98%. The firm had revenue of $21.69 million for the quarter.

Hedge Funds Weigh In On Gaia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GAIA. AWM Investment Company Inc. grew its stake in shares of Gaia by 48.4% in the third quarter. AWM Investment Company Inc. now owns 1,097,865 shares of the company’s stock worth $2,986,000 after purchasing an additional 358,145 shares in the last quarter. Sapient Capital LLC bought a new position in Gaia in the 4th quarter valued at about $88,000. Acuitas Investments LLC increased its stake in Gaia by 10.0% during the 4th quarter. Acuitas Investments LLC now owns 439,025 shares of the company’s stock valued at $1,185,000 after buying an additional 39,938 shares during the period. Finally, Marquette Asset Management LLC raised its position in shares of Gaia by 7.0% during the 4th quarter. Marquette Asset Management LLC now owns 89,713 shares of the company’s stock worth $242,000 after buying an additional 5,883 shares in the last quarter. 40.53% of the stock is owned by institutional investors.

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.