Gaia (NASDAQ:GAIA) Given Buy Rating at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Gaia (NASDAQ:GAIA) in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a $9.00 price objective on the stock, down from their prior price objective of $10.00.

A number of other brokerages have also recently weighed in on GAIA. StockNews.com started coverage on Gaia in a research note on Tuesday, March 4th. They set a “buy” rating for the company. Roth Capital upgraded Gaia to a “strong-buy” rating in a research note on Tuesday, February 11th.

Gaia Price Performance

Shares of GAIA stock opened at $4.02 on Tuesday. Gaia has a twelve month low of $2.85 and a twelve month high of $6.53. The stock has a market capitalization of $94.34 million, a price-to-earnings ratio of -14.89 and a beta of 0.78. The stock has a fifty day simple moving average of $4.87 and a two-hundred day simple moving average of $5.16. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings data 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 return on equity of 6.90% and a negative net margin of 7.23%. On average, analysts predict that Gaia will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Gaia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GAIA. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Gaia in the third quarter valued at about $49,000. Geode Capital Management LLC raised its stake in Gaia by 13.9% in the third 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 last quarter. Peapod Lane Capital LLC purchased a new stake in Gaia in the fourth quarter valued at about $2,804,000. Renaissance Technologies LLC raised its stake in Gaia by 4.1% in the fourth quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock valued at $855,000 after buying an additional 7,460 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 buying an additional 27,289 shares during the last quarter. 40.53% of the stock is currently owned by hedge funds and other institutional investors.

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.