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

Stock analysts at StockNews.com started coverage on shares of Gaia (NASDAQ:GAIA) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating on the stock.

Several other research analysts have also weighed in on GAIA. Roth Capital raised Gaia to a “strong-buy” rating in a research report on Tuesday, February 11th. Roth Mkm reaffirmed a “buy” rating and set a $9.00 target price (down from $10.00) on shares of Gaia in a research report on Tuesday.

Gaia Price Performance

GAIA stock opened at $4.02 on Wednesday. Gaia has a 1 year low of $2.85 and a 1 year high of $6.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.43. The stock’s 50 day moving average price is $4.87 and its 200 day moving average price is $5.16. The firm has a market cap of $94.34 million, a P/E ratio of -14.89 and a beta of 0.78.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings results on Monday, March 10th. The company reported ($0.03) earnings per share for the quarter, topping 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 company had revenue of $24.43 million for the quarter, compared to analyst estimates of $24.40 million. On average, sell-side analysts expect that Gaia will post -0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gaia

A number of hedge funds have recently bought and sold shares of the company. Peapod Lane Capital LLC acquired a new position in Gaia in the fourth quarter valued at approximately $2,804,000. Topline Capital Management LLC acquired a new position in Gaia in the fourth quarter valued at approximately $206,000. 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. Geode Capital Management LLC boosted 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 acquiring an additional 21,870 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Gaia in the third quarter valued at approximately $49,000. 40.53% of the stock is currently 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.