Gaia (NASDAQ:GAIA) Now Covered by Analysts at StockNews.com

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

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

Gaia Price Performance

NASDAQ GAIA opened at $4.47 on Wednesday. Gaia has a one year low of $2.75 and a one year high of $6.53. The company has a 50-day simple moving average of $5.34 and a 200-day simple moving average of $5.02. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. The firm 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%. Equities analysts forecast that Gaia will post -0.24 earnings per share for the current year.

Institutional Trading of Gaia

Several hedge funds have recently bought and sold shares of GAIA. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Gaia during the 3rd quarter worth about $49,000. Geode Capital Management LLC raised its position in shares of Gaia by 13.9% during the 3rd quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock worth $872,000 after buying an additional 21,870 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Gaia by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 338,638 shares of the company’s stock worth $1,493,000 after buying an additional 13,865 shares in the last quarter. 40.53% of the stock is currently owned by institutional investors.

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.