Gaia (NASDAQ:GAIA) Now Covered by StockNews.com

Analysts at StockNews.com initiated coverage on shares of Gaia (NASDAQ:GAIA) in a report released on Thursday. The brokerage set a “buy” rating on the stock.

Several other research firms have also issued reports on GAIA. Roth Capital raised shares of Gaia to a “strong-buy” rating in a research report on Tuesday, February 11th. Roth Mkm reissued a “buy” rating and issued a $9.00 price objective (down previously from $10.00) on shares of Gaia in a research report on Tuesday, March 11th.

Gaia Stock Performance

Shares of GAIA stock opened at $4.18 on Thursday. Gaia has a one year low of $2.85 and a one year high of $6.53. The company has a 50 day moving average price of $4.83 and a 200 day moving average price of $5.13. The firm has a market capitalization of $104.81 million, a price-to-earnings ratio of -15.48 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.43.

Gaia (NASDAQ:GAIA) last released its quarterly earnings data on Monday, March 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. Gaia had a negative net margin of 7.23% and a negative return on equity of 6.90%. The company had revenue of $24.43 million during the quarter, compared to analyst estimates of $24.40 million. Sell-side analysts anticipate that Gaia will post -0.23 EPS for the current year.

Institutional Investors Weigh In On Gaia

Large investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Gaia during the 3rd quarter valued at $49,000. Topline Capital Management LLC bought a new position in Gaia during the 4th quarter valued at $206,000. Renaissance Technologies LLC boosted its stake in Gaia by 4.1% during the 4th quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock valued at $855,000 after acquiring an additional 7,460 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 21,870 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Gaia by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock valued at $1,827,000 after acquiring an additional 27,289 shares during the last quarter. 40.53% of the stock is 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.