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

Equities researchers at StockNews.com began coverage on shares of Gaia (NASDAQ:GAIA) in a note issued to investors on Wednesday. The brokerage set a “buy” rating on the stock.

Separately, Lake Street Capital increased their target price on Gaia from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th.

Gaia Stock Up 3.6 %

GAIA opened at $4.63 on Wednesday. The company has a market cap of $108.67 million, a PE ratio of -17.15 and a beta of 0.69. Gaia has a 1 year low of $2.75 and a 1 year high of $6.53. The firm has a 50 day moving average price of $5.31 and a 200 day moving average price of $5.01. 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 (NASDAQ:GAIA) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The firm 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%. Sell-side analysts expect that Gaia will post -0.24 earnings per share for the current year.

Hedge Funds Weigh In On Gaia

Large investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in Gaia during the third quarter worth $49,000. Dimensional Fund Advisors LP lifted its stake in Gaia by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 338,638 shares of the company’s stock worth $1,493,000 after purchasing an additional 13,865 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Gaia by 13.9% in the third 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 period. 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.