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

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

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

Gaia Trading Up 6.2 %

GAIA stock opened at $5.45 on Thursday. The firm has a market cap of $127.91 million, a P/E ratio of -20.19 and a beta of 0.69. Gaia has a 1-year low of $2.78 and a 1-year high of $6.53. The business’s 50 day moving average is $5.23 and its 200-day moving average is $5.03. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06.

Gaia (NASDAQ:GAIA) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $22.16 million for the quarter. Gaia had a negative return on equity of 6.90% and a negative net margin of 7.23%. Equities analysts anticipate that Gaia will post -0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Gaia during the 3rd quarter worth $49,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Gaia by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 338,638 shares of the company’s stock worth $1,493,000 after buying an additional 13,865 shares in the last quarter. 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.