Gaia (NASDAQ:GAIA) Research Coverage Started at StockNews.com

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

Separately, Lake Street Capital upped their target price on shares of Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

Gaia Price Performance

NASDAQ:GAIA opened at $5.87 on Thursday. 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 has a fifty day moving average of $5.21 and a 200 day moving average of $5.05. The firm has a market capitalization of $137.77 million, a price-to-earnings ratio of -21.74 and a beta of 0.69. Gaia has a 52-week low of $2.78 and a 52-week high of $6.53.

Gaia (NASDAQ:GAIA) last released its earnings results 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 return on equity of 6.90% and a negative net margin of 7.23%. The firm had revenue of $22.16 million during the quarter. On average, research analysts expect that Gaia will post -0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Gaia

Several institutional investors have recently added to or reduced their stakes in GAIA. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Gaia during the 3rd quarter worth approximately $49,000. Geode Capital Management LLC increased 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 worth $872,000 after purchasing an additional 21,870 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Gaia by 4.3% during 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. Hedge funds and other 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.