Roth Mkm Reaffirms Buy Rating for Gaia (NASDAQ:GAIA)

Gaia (NASDAQ:GAIA - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Roth Mkm in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $9.00 price objective on the stock, down from their prior price objective of $10.00. Roth Mkm's price objective would suggest a potential upside of 124.38% from the company's previous close.

GAIA has been the subject of several other reports. Roth Capital raised Gaia to a "strong-buy" rating in a research note on Tuesday, February 11th. StockNews.com began coverage on Gaia in a report on Tuesday, March 4th. They set a "buy" rating on the stock.

Gaia Price Performance

NASDAQ GAIA traded down $0.01 on Tuesday, hitting $4.01. The stock had a trading volume of 20,017 shares, compared to its average volume of 32,190. The firm has a 50-day moving average of $4.88 and a 200-day moving average of $5.16. The company has a market capitalization of $94.13 million, a price-to-earnings ratio of -15.33 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.43. Gaia has a 52-week low of $2.85 and a 52-week high of $6.53.

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Gaia (NASDAQ:GAIA - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. Gaia had a negative net margin of 7.23% and a negative return on equity of 6.90%. The company had revenue of $24.43 million for the quarter, compared to analysts' expectations of $24.40 million. Equities analysts expect that Gaia will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its position in shares of Gaia by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,114,980 shares of the company's stock valued at $5,006,000 after acquiring an additional 3,124 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Gaia by 4.1% during the 4th quarter. Renaissance Technologies LLC now owns 190,500 shares of the company's stock worth $855,000 after acquiring an additional 7,460 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Gaia in the 3rd quarter valued at about $49,000. Geode Capital Management LLC increased its holdings 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 during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Gaia by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company's stock valued at $1,827,000 after acquiring an additional 27,289 shares during the last quarter. 40.53% of the stock is currently owned by hedge funds and other 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.

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