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

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

GAIA has been the subject of a number of other reports. Roth Mkm reissued a “buy” rating and set a $9.00 price objective (down from $10.00) on shares of Gaia in a research report on Tuesday, March 11th. Roth Capital upgraded shares of Gaia to a “strong-buy” rating in a research note on Tuesday, February 11th.

Gaia Trading Down 6.5 %

Gaia stock opened at $3.30 on Friday. The stock’s 50 day simple moving average is $4.58 and its two-hundred day simple moving average is $5.04. Gaia has a 12 month low of $3.11 and a 12 month high of $6.53. The firm has a market cap of $82.74 million, a PE ratio of -12.22 and a beta of 0.78. 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 posted its earnings results on Monday, March 10th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Gaia had a negative return on equity of 6.90% and a negative net margin of 7.23%. The firm had revenue of $24.43 million for the quarter, compared to analysts’ expectations of $24.40 million. Analysts anticipate that Gaia will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On Gaia

A number of institutional investors have recently made changes to their positions in GAIA. Topline Capital Management LLC acquired a new position in shares of Gaia in the 4th quarter valued at $206,000. Renaissance Technologies LLC increased its holdings in shares of Gaia by 4.1% in 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 lifted its position in shares of Gaia by 13.9% in 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake in Gaia by 7.2% in the fourth 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 period. Finally, Peapod Lane Capital LLC acquired a new stake in Gaia in the fourth quarter worth $2,804,000. 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.