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

StockNews.com assumed coverage on shares of Gaia (NASDAQ:GAIA) in a research report sent to investors on Wednesday. The firm issued a buy rating on the stock.

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

Gaia Stock Performance

Shares of GAIA stock opened at $5.26 on Wednesday. The firm has a 50 day moving average of $5.26 and a 200-day moving average of $5.02. The company has a market cap of $123.45 million, a price-to-earnings ratio of -19.48 and a beta of 0.69. 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 has a 52 week low of $2.78 and a 52 week high of $6.53.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.05) EPS 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 business had revenue of $22.16 million during the quarter. On average, equities analysts forecast that Gaia will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in Gaia during the 3rd quarter valued at $49,000. Dimensional Fund Advisors LP grew its position in shares of Gaia by 4.3% during the 2nd 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. Finally, Geode Capital Management LLC increased its stake in shares of Gaia by 13.9% during the 3rd 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. 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.