Initiates Coverage on Gaia (NASDAQ:GAIA) assumed coverage on shares of Gaia (NASDAQ:GAIAGet Free Report) in a note issued to investors on Wednesday. The firm set a “strong-buy” rating on the stock.

Gaia Price Performance

Shares of NASDAQ GAIA opened at $4.49 on Wednesday. The stock’s 50-day moving average is $3.69 and its two-hundred day moving average is $3.12. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.60 and a quick ratio of 0.60. Gaia has a 1-year low of $2.11 and a 1-year high of $4.51. The company has a market cap of $105.29 million, a price-to-earnings ratio of -18.71 and a beta of 0.68.

Gaia (NASDAQ:GAIAGet Free Report) last issued its quarterly earnings results on Wednesday, March 27th. The company reported ($0.08) earnings per share for the quarter. Gaia had a negative return on equity of 5.98% and a negative net margin of 6.29%. The company had revenue of $20.71 million for the quarter.

Institutional Trading of Gaia

A number of hedge funds have recently added to or reduced their stakes in GAIA. Sapient Capital LLC purchased a new position in Gaia in the 4th quarter valued at approximately $88,000. Marquette Asset Management LLC increased its stake in Gaia by 7.0% in the 4th quarter. Marquette Asset Management LLC now owns 89,713 shares of the company’s stock valued at $242,000 after purchasing an additional 5,883 shares in the last quarter. Acuitas Investments LLC increased its stake in Gaia by 10.0% in the 4th quarter. Acuitas Investments LLC now owns 439,025 shares of the company’s stock valued at $1,185,000 after purchasing an additional 39,938 shares in the last quarter. Finally, AWM Investment Company Inc. increased its position in Gaia by 48.4% during the third quarter. AWM Investment Company Inc. now owns 1,097,865 shares of the company’s stock worth $2,986,000 after buying an additional 358,145 shares in the last quarter. 40.53% of the stock is owned by institutional investors and hedge funds.

Gaia Company Profile

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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.

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