Gaia (NASDAQ:GAIA) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Gaia, Inc. (NASDAQ:GAIA) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.08 and traded as high as $5.85. Gaia shares last traded at $5.84, with a volume of 10,445 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Lake Street Capital increased their price target on shares of Gaia from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com started coverage on shares of Gaia in a research note on Friday. They set a “buy” rating for the company.

Gaia Trading Up 3.0 %

The business’s 50 day moving average price is $5.20 and its 200-day moving average price is $5.08. 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 company has a market cap of $137.06 million, a price-to-earnings ratio of -21.63 and a beta of 0.69.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. Gaia had a negative net margin of 7.23% and a negative return on equity of 6.90%. The business had revenue of $22.16 million during the quarter. On average, equities analysts anticipate that Gaia, Inc. will post -0.24 EPS for the current fiscal year.

Institutional Trading of Gaia

Hedge funds and other institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in Gaia in the 3rd quarter valued at about $49,000. Geode Capital Management LLC grew 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 valued at $872,000 after purchasing an additional 21,870 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 valued at $1,493,000 after purchasing an additional 13,865 shares during the last quarter. Finally, Peapod Lane Capital LLC bought a new stake in Gaia during the 4th quarter worth approximately $2,804,000. Institutional investors and hedge funds own 40.53% of the company’s stock.

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.