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

StockNews.com started coverage on shares of Gaia (NASDAQ:GAIA) in a research note released on Saturday morning. The brokerage issued a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Roth Mkm reaffirmed a “buy” rating and issued a $9.00 price objective (down previously from $10.00) on shares of Gaia in a research note on Tuesday, March 11th. Roth Capital upgraded shares of Gaia to a “strong-buy” rating in a research note on Tuesday, February 11th.

Gaia Stock Performance

Shares of NASDAQ GAIA opened at $3.30 on Friday. Gaia has a 12-month low of $3.11 and a 12-month high of $6.53. The firm has a market capitalization of $82.74 million, a price-to-earnings ratio of -12.22 and a beta of 0.78. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $4.58 and a 200 day moving average of $5.04.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings data on Monday, March 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Gaia had a negative net margin of 7.23% and a negative return on equity of 6.90%. The firm had revenue of $24.43 million during the quarter, compared to the consensus estimate of $24.40 million. On average, research analysts anticipate that Gaia will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On Gaia

Large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its position in shares of Gaia by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,114,980 shares of the company’s stock worth $5,006,000 after purchasing an additional 3,124 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Gaia by 4.1% during the 4th quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock valued at $855,000 after buying an additional 7,460 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Gaia by 13.9% during the third quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock valued at $872,000 after buying an additional 21,870 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Gaia by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock worth $1,827,000 after buying an additional 27,289 shares in the last quarter. Finally, Topline Capital Management LLC bought a new position in shares of Gaia during the fourth quarter worth $206,000. 40.53% of the stock is currently owned by hedge funds and other institutional investors.

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.