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

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

Several other equities analysts also recently commented on GAIA. Roth Mkm restated a “buy” rating and set a $9.00 target price (down previously from $10.00) on shares of Gaia in a research report on Tuesday, March 11th. Roth Capital upgraded shares of Gaia to a “strong-buy” rating in a research note on Tuesday, February 11th.

Gaia Trading Down 7.8 %

NASDAQ:GAIA opened at $3.69 on Friday. The company has a market capitalization of $92.52 million, a P/E ratio of -13.67 and a beta of 0.78. The stock’s 50 day moving average price is $4.76 and its 200 day moving average price is $5.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.43. Gaia has a 52 week low of $3.03 and a 52 week high of $6.53.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings data on Monday, March 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) 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 $24.43 million during the quarter, compared to the consensus estimate of $24.40 million. On average, research analysts forecast that Gaia will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Gaia

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Gaia during the third quarter worth approximately $49,000. Topline Capital Management LLC acquired a new position in Gaia in the 4th quarter valued at $206,000. Geode Capital Management LLC increased its position in 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 buying an additional 21,870 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Gaia by 4.1% during the fourth quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock worth $855,000 after buying an additional 7,460 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Gaia by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock valued at $1,827,000 after acquiring an additional 27,289 shares during the period. 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.