StockNews.com Upgrades Gaia (NASDAQ:GAIA) to “Buy”

Gaia (NASDAQ:GAIA) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

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

Gaia Stock Down 3.1 %

Shares of NASDAQ GAIA traded down $0.19 during midday trading on Thursday, hitting $5.90. 32,776 shares of the company’s stock were exchanged, compared to its average volume of 30,715. The firm’s fifty day simple moving average is $5.62 and its 200-day simple moving average is $4.98. The company has a market cap of $138.47 million, a PE ratio of -21.85 and a beta of 0.62. Gaia has a twelve month low of $2.50 and a twelve month high of $6.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43.

Gaia (NASDAQ:GAIA) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Gaia had a negative net margin of 7.23% and a negative return on equity of 6.90%. The company had revenue of $22.16 million for the quarter. Research analysts predict that Gaia will post -0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GAIA. Dimensional Fund Advisors LP boosted its holdings in shares of Gaia by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 338,638 shares of the company’s stock valued at $1,493,000 after acquiring an additional 13,865 shares during the period. Geode Capital Management LLC raised its position in 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 purchasing an additional 21,870 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Gaia during the 3rd quarter worth $49,000. Institutional investors and hedge funds 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.