Gaia (NASDAQ:GAIA) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Gaia, Inc. (NASDAQ:GAIA) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.08 and traded as high as $5.85. Gaia shares last traded at $5.84, with a volume of 10,445 shares traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on GAIA. StockNews.com began coverage on shares of Gaia in a report on Friday. They issued a “buy” rating on the stock. Lake Street Capital increased their target price on shares of Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

Gaia Price Performance

The company’s 50-day moving average price is $5.20 and its 200-day moving average price is $5.08. 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 market cap of $137.06 million, a P/E ratio of -21.63 and a beta of 0.69.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) 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 $22.16 million during the quarter. As a group, sell-side analysts predict that Gaia, Inc. will post -0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GAIA. Connor Clark & Lunn Investment Management Ltd. bought a new position in Gaia in the third quarter valued at $49,000. Geode Capital Management LLC grew its position 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. Dimensional Fund Advisors LP grew its position in 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 purchasing an additional 13,865 shares in the last quarter. Finally, Peapod Lane Capital LLC acquired a new stake in Gaia in the fourth quarter valued at $2,804,000. Institutional investors own 40.53% of the company’s stock.

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.