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

StockNews.com initiated coverage on shares of Gaia (NASDAQ:GAIAFree Report) in a research note issued to investors on Saturday. The brokerage issued a buy rating on the stock.

Gaia Price Performance

GAIA stock opened at $2.99 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.49 and a current ratio of 0.49. Gaia has a 52 week low of $2.11 and a 52 week high of $3.60. The firm’s fifty day moving average is $2.86 and its 200 day moving average is $2.69. The firm has a market cap of $68.80 million, a P/E ratio of -14.95 and a beta of 0.78.

Institutional Investors Weigh In On Gaia

Large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in Gaia by 12.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 95,245 shares of the company’s stock worth $469,000 after acquiring an additional 10,263 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Gaia in the 4th quarter worth $305,000. Bank of New York Mellon Corp grew its holdings in Gaia by 5.0% in the 1st quarter. Bank of New York Mellon Corp now owns 51,808 shares of the company’s stock worth $254,000 after acquiring an additional 2,483 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Gaia by 13.2% in the 2nd quarter. Renaissance Technologies LLC now owns 98,400 shares of the company’s stock worth $227,000 after purchasing an additional 11,500 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Gaia by 15.1% in the 1st quarter. Acadian Asset Management LLC now owns 41,984 shares of the company’s stock worth $205,000 after purchasing an additional 5,505 shares during the period. Institutional investors own 30.64% of the company’s stock.

About Gaia

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Gaia, Inc operates a digital video subscription service and on-line community for underserved member base in the United States, Canada, Australia, and internationally. It has a digital content library with various titles in Spanish, German, and French languages available to its subscribers on internet-connected devices.

Further Reading

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