Gaia (NASDAQ:GAIA) Raised to “Strong-Buy” at Roth Capital

Gaia (NASDAQ:GAIA) was upgraded by stock analysts at Roth Capital to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research firms have also commented on GAIA. Roth Mkm assumed coverage on Gaia in a research report on Tuesday. They issued a “buy” rating and a $10.00 price target for the company. Lake Street Capital raised their price target on Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, StockNews.com initiated coverage on shares of Gaia in a research report on Saturday, February 8th. They set a “buy” rating on the stock.

Gaia Stock Performance

Shares of Gaia stock opened at $5.01 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. The firm has a market cap of $117.58 million, a price-to-earnings ratio of -18.56 and a beta of 0.71. Gaia has a twelve month low of $2.78 and a twelve month high of $6.53. The business has a 50-day moving average price of $5.06 and a 200-day moving average price of $5.11.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GAIA. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Gaia in the 3rd quarter worth approximately $49,000. Geode Capital Management LLC increased its stake in Gaia by 13.9% during the 3rd 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. Finally, Peapod Lane Capital LLC purchased a new position in shares of Gaia in the fourth quarter worth $2,804,000. Institutional investors own 40.53% of the company’s stock.

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.