Gaia (NASDAQ:GAIA) Stock Rating Upgraded by StockNews.com

Gaia (NASDAQ:GAIA) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Separately, Lake Street Capital lifted their price target on Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

Gaia Stock Up 1.9 %

Shares of NASDAQ:GAIA opened at $6.01 on Thursday. Gaia has a fifty-two week low of $2.50 and a fifty-two week high of $6.53. The firm’s 50 day moving average price is $5.64 and its 200 day moving average price is $4.99. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. The stock has a market cap of $141.05 million, a price-to-earnings ratio of -22.26 and a beta of 0.62.

Gaia (NASDAQ:GAIA) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $22.16 million for the quarter. Gaia had a negative net margin of 7.23% and a negative return on equity of 6.90%. As a group, equities research analysts predict that Gaia will post -0.24 earnings per share for the current fiscal year.

Institutional Trading of Gaia

Several institutional investors and hedge funds have recently added to or reduced their stakes in GAIA. Dimensional Fund Advisors LP grew its stake in shares of Gaia by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 338,638 shares of the company’s stock valued at $1,493,000 after purchasing an additional 13,865 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Gaia during the third quarter worth approximately $49,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Gaia by 13.9% during the third 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 period. 40.53% of the stock is 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.