Gaia (NASDAQ:GAIA) Raised to Strong-Buy at Roth Capital

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

Several other brokerages also recently commented on GAIA. Roth Mkm initiated coverage on Gaia in a research note on Tuesday. They issued a “buy” rating and a $10.00 target price for the company. Lake Street Capital raised their price objective on Gaia from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, StockNews.com began coverage on Gaia in a report on Saturday, February 8th. They set a “buy” rating for the company.

Gaia Price Performance

Shares of NASDAQ:GAIA opened at $5.01 on Tuesday. The business’s 50-day moving average is $5.06 and its 200-day moving average is $5.11. Gaia has a 1 year low of $2.78 and a 1 year high of $6.53. The company has a market capitalization of $117.58 million, a price-to-earnings ratio of -18.56 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Gaia during the 3rd quarter valued at about $49,000. Geode Capital Management LLC raised its stake in Gaia by 13.9% in the third quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock valued at $872,000 after purchasing an additional 21,870 shares in the last quarter. Finally, Peapod Lane Capital LLC bought a new stake in Gaia during the fourth quarter valued at approximately $2,804,000. 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.