Connor Clark & Lunn Investment Management Ltd. Makes New $49,000 Investment in Gaia, Inc. (NASDAQ:GAIA)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Gaia, Inc. (NASDAQ:GAIA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,082 shares of the company’s stock, valued at approximately $49,000.

Separately, Dimensional Fund Advisors LP raised its position in shares of Gaia by 4.3% in the second 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. Hedge funds and other institutional investors own 40.53% of the company’s stock.

Wall Street Analysts Forecast Growth

GAIA has been the subject of several recent analyst reports. StockNews.com began coverage on shares of Gaia in a research note on Friday, September 6th. They issued a “hold” rating for the company. Lake Street Capital raised their price objective on Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

Gaia Trading Down 2.0 %

NASDAQ GAIA opened at $6.01 on Tuesday. The company has a market cap of $141.05 million, a P/E ratio of -22.26 and a beta of 0.62. Gaia, Inc. has a 12 month low of $2.50 and a 12 month high of $6.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43. The company has a 50-day moving average of $5.56 and a 200-day moving average of $4.95.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01. The firm 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%. As a group, equities analysts predict that Gaia, Inc. will post -0.24 earnings per share for the current year.

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.