Gaia (NASDAQ:GAIA) Coverage Initiated at StockNews.com

Analysts at StockNews.com started coverage on shares of Gaia (NASDAQ:GAIA) in a research note issued to investors on Thursday. The brokerage set a “buy” rating on the stock.

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

Gaia Price Performance

GAIA stock opened at $4.09 on Thursday. 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 $2.85 and a 52 week high of $6.53. The firm’s fifty day moving average is $4.82 and its 200 day moving average is $5.12. The firm has a market cap of $102.55 million, a P/E ratio of -15.15 and a beta of 0.78.

Gaia (NASDAQ:GAIA) last released its earnings results on Monday, March 10th. The company reported ($0.03) EPS for the quarter, beating 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 company had revenue of $24.43 million for the quarter, compared to analyst estimates of $24.40 million. Research analysts predict that Gaia will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Gaia

Large investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Gaia in the 3rd quarter worth $49,000. Topline Capital Management LLC bought a new stake in Gaia in the 4th quarter worth $206,000. Geode Capital Management LLC grew its holdings in Gaia by 13.9% in the 3rd quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock worth $872,000 after acquiring an additional 21,870 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Gaia by 4.1% during the 4th quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock valued at $855,000 after purchasing an additional 7,460 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Gaia by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock valued at $1,827,000 after purchasing an additional 27,289 shares in the last quarter. 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.