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

StockNews.com initiated coverage on shares of Gaia (NASDAQ:GAIA) in a report released on Thursday morning. The brokerage issued a buy rating on the stock.

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 research note on Tuesday, November 5th.

Gaia Trading Up 7.3 %

Shares of NASDAQ:GAIA opened at $5.85 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. The stock has a market capitalization of $137.30 million, a price-to-earnings ratio of -21.67 and a beta of 0.69. Gaia has a 1-year low of $2.78 and a 1-year high of $6.53. The company has a 50 day moving average price of $5.22 and a 200 day moving average price of $5.03.

Gaia (NASDAQ:GAIA) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate 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%. On average, research analysts anticipate that Gaia will post -0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Gaia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Gaia in the third quarter valued at $49,000. Dimensional Fund Advisors LP raised its position in Gaia by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 338,638 shares of the company’s stock valued at $1,493,000 after buying an additional 13,865 shares during the period. Finally, Geode Capital Management LLC raised its position in Gaia by 13.9% during 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 period. Institutional investors and hedge funds own 40.53% of the company’s stock.

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.