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

Research analysts at StockNews.com assumed coverage on shares of Gaia (NASDAQ:GAIA) in a research note issued to investors on Saturday. 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 stock a “buy” rating in a research note on Tuesday, November 5th.

Gaia Trading Up 0.2 %

GAIA opened at $5.01 on Friday. Gaia has a one year low of $2.78 and a one year high of $6.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market cap of $117.58 million, a price-to-earnings ratio of -18.56 and a beta of 0.71. The stock’s 50 day moving average price is $5.12 and its 200-day moving average price is $5.11.

Hedge Funds Weigh In On Gaia

A number of hedge funds have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Gaia in the third quarter valued at approximately $49,000. Dimensional Fund Advisors LP raised its position in 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Gaia by 13.9% in 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 period. Finally, Peapod Lane Capital LLC bought a new position in shares of Gaia during the 4th quarter worth $2,804,000. 40.53% of the stock is currently owned by institutional investors.

Gaia Company Profile

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.