Investment analysts at StockNews.com assumed coverage on shares of Gaia (NASDAQ:GAIA - Get Free Report) in a report released on Friday. The firm set a "buy" rating on the stock.
Several other brokerages also recently commented on GAIA. Roth Mkm reiterated a "buy" rating and set a $9.00 price target (down from $10.00) on shares of Gaia in a report on Tuesday, March 11th. Roth Capital raised Gaia to a "strong-buy" rating in a research note on Tuesday, February 11th.
Read Our Latest Report on GAIA
Gaia Trading Up 4.3 %
Shares of NASDAQ:GAIA traded up $0.16 during trading on Friday, hitting $3.85. The company had a trading volume of 26,059 shares, compared to its average volume of 32,095. The stock has a market cap of $96.53 million, a price-to-earnings ratio of -14.26 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43. The company has a fifty day simple moving average of $4.73 and a two-hundred day simple moving average of $5.08. Gaia has a one year low of $3.03 and a one year high of $6.53.
Gaia (NASDAQ:GAIA - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. Gaia had a negative return on equity of 6.90% and a negative net margin of 7.23%. The company had revenue of $24.43 million during the quarter, compared to the consensus estimate of $24.40 million. As a group, equities analysts forecast that Gaia will post -0.23 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Gaia during the 3rd quarter valued at about $49,000. Geode Capital Management LLC raised its stake 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 valued at $872,000 after acquiring an additional 21,870 shares in the last quarter. Peapod Lane Capital LLC purchased a new stake in shares of Gaia in the fourth quarter valued at approximately $2,804,000. Ameriprise Financial Inc. grew its stake in Gaia by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,114,980 shares of the company's stock worth $5,006,000 after purchasing an additional 3,124 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Gaia by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company's stock worth $1,827,000 after purchasing an additional 27,289 shares during the period. 40.53% of the stock is currently owned by institutional investors.
About Gaia
(
Get Free Report)
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.
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