Peapod Lane Capital LLC Takes $2.80 Million Position in Gaia, Inc. (NASDAQ:GAIA)

Peapod Lane Capital LLC acquired a new position in Gaia, Inc. (NASDAQ:GAIA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 624,431 shares of the company’s stock, valued at approximately $2,804,000. Gaia comprises approximately 2.8% of Peapod Lane Capital LLC’s portfolio, making the stock its 10th largest position. Peapod Lane Capital LLC owned approximately 2.66% of Gaia at the end of the most recent reporting period.

Separately, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Gaia in the 3rd quarter worth $49,000. 40.53% of the stock is owned by hedge funds and other institutional investors.

Gaia Stock Performance

GAIA opened at $5.01 on Thursday. Gaia, Inc. has a 1-year low of $2.78 and a 1-year high of $6.53. The stock has a market capitalization of $117.58 million, a PE ratio of -18.56 and a beta of 0.71. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $5.06 and a two-hundred day moving average price of $5.11.

Analyst Upgrades and Downgrades

GAIA has been the topic of a number of recent research reports. Lake Street Capital lifted their target price on Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Roth Mkm assumed coverage on Gaia in a report on Tuesday. They set a “buy” rating and a $10.00 price objective on the stock. StockNews.com assumed coverage on Gaia in a research note on Saturday, February 8th. They issued a “buy” rating for the company. Finally, Roth Capital raised Gaia to a “strong-buy” rating in a research report on Tuesday.

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.