Gaia (NASDAQ:GAIA) Coverage Initiated by Analysts at StockNews.com

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

Separately, Lake Street Capital lifted their price objective on Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

Gaia Stock Down 0.2 %

Shares of GAIA opened at $4.20 on Wednesday. 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 stock has a market capitalization of $98.56 million, a PE ratio of -15.56 and a beta of 0.69. The firm’s 50 day moving average is $5.34 and its 200-day moving average is $5.02. Gaia has a 12 month low of $2.75 and a 12 month high of $6.53.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.05) earnings per share 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%. Equities research analysts forecast that Gaia will post -0.24 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Gaia in the 3rd quarter worth $49,000. Dimensional Fund Advisors LP lifted its position in shares of Gaia by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 338,638 shares of the company’s stock valued at $1,493,000 after buying an additional 13,865 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake 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 valued at $872,000 after buying an additional 21,870 shares in the last quarter. 40.53% of the stock is currently 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.