Gaia (NASDAQ:GAIA) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Gaia (NASDAQ:GAIA) in a research report issued on Friday. The firm set a “buy” rating on the stock.

A number of other research firms have also issued reports on GAIA. Roth Capital raised Gaia to a “strong-buy” rating in a report on Tuesday, February 11th. Roth Mkm reiterated a “buy” rating and issued a $9.00 target price (down from $10.00) on shares of Gaia in a research note on Tuesday, March 11th.

Gaia Trading Up 4.4 %

GAIA opened at $4.00 on Friday. The firm has a market cap of $100.29 million, a price-to-earnings ratio of -14.81 and a beta of 0.78. Gaia has a 52 week low of $2.86 and a 52 week high of $6.53. The business’s 50 day moving average is $4.79 and its two-hundred day moving average is $5.10. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06.

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

Institutional Trading of Gaia

Several hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake 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 acquiring an additional 3,124 shares during the period. Renaissance Technologies LLC increased its position in Gaia by 4.1% during the 4th quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock worth $855,000 after purchasing an additional 7,460 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Gaia during the 3rd quarter worth approximately $49,000. Geode Capital Management LLC lifted its holdings in shares of Gaia by 13.9% in the 3rd 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 period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Gaia by 7.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock valued at $1,827,000 after buying an additional 27,289 shares during the period. Institutional investors and hedge funds own 40.53% of the company’s stock.

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.