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

StockNews.com started coverage on shares of Gaia (NASDAQ:GAIA) in a report published on Monday. The firm issued a buy rating on the stock.

Several other research firms have also commented on GAIA. Roth Capital raised shares of Gaia to a “strong-buy” rating in a report on Tuesday, February 11th. Lake Street Capital boosted their price objective on Gaia from $6.00 to $7.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Roth Mkm initiated coverage on Gaia in a report on Tuesday, February 11th. They set a “buy” rating and a $10.00 target price on the stock.

Gaia Stock Down 1.7 %

GAIA stock opened at $4.62 on Monday. The company has a market capitalization of $108.42 million, a P/E ratio of -17.11 and a beta of 0.71. Gaia has a 12 month low of $2.80 and a 12 month high of $6.53. The firm’s fifty day simple moving average is $4.93 and its 200-day simple moving average is $5.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43.

Institutional Trading of Gaia

A number of hedge funds have recently added to or reduced their stakes in the company. Peapod Lane Capital LLC acquired a new position in shares of Gaia in the fourth quarter worth about $2,804,000. Topline Capital Management LLC purchased a new position in shares of Gaia in the 4th quarter valued at about $206,000. Dimensional Fund Advisors LP raised its holdings in Gaia by 7.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock worth $1,827,000 after purchasing an additional 27,289 shares during the period. Geode Capital Management LLC boosted its position in Gaia by 13.9% during 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Gaia during the third quarter worth approximately $49,000. 40.53% of the stock is owned by hedge funds and other institutional investors.

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.