Connor Clark & Lunn Investment Management Ltd. Purchases New Shares in Gaia, Inc. (NASDAQ:GAIA)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Gaia, Inc. (NASDAQ:GAIA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,082 shares of the company’s stock, valued at approximately $49,000.

Separately, Dimensional Fund Advisors LP increased its position in shares of Gaia by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 338,638 shares of the company’s stock worth $1,493,000 after acquiring an additional 13,865 shares during the last quarter. 40.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GAIA has been the subject of a number of analyst reports. StockNews.com initiated coverage on Gaia in a report on Friday, September 6th. They issued a “hold” rating for the company. Lake Street Capital increased their target price on Gaia from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th.

Gaia Price Performance

Shares of GAIA stock opened at $6.01 on Tuesday. The firm has a fifty day moving average of $5.56 and a two-hundred day moving average of $4.95. The firm has a market cap of $141.05 million, a P/E ratio of -22.26 and a beta of 0.62. Gaia, Inc. has a 1-year low of $2.50 and a 1-year 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 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. The business had revenue of $22.16 million during the quarter. Gaia had a negative return on equity of 6.90% and a negative net margin of 7.23%. As a group, research analysts anticipate that Gaia, Inc. will post -0.24 earnings per share for the current fiscal year.

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.