Gaia (NASDAQ:GAIA) Stock Passes Above 200 Day Moving Average – Here’s Why

Gaia, Inc. (NASDAQ:GAIA)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.73 and traded as high as $6.10. Gaia shares last traded at $6.02, with a volume of 23,868 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on GAIA shares. Lake Street Capital raised their price target on 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 Gaia in a research note on Friday, September 6th. They set a “hold” rating on the stock.

Gaia Price Performance

The company has a market cap of $141.14 million, a PE ratio of -22.30 and a beta of 0.62. The company has a quick ratio of 0.45, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. The firm has a 50 day simple moving average of $5.24 and a 200-day simple moving average of $4.73.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Gaia had a negative return on equity of 6.90% and a negative net margin of 7.23%. The business had revenue of $22.16 million for the quarter.

Institutional Trading of Gaia

A hedge fund recently bought a new stake in Gaia stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in Gaia, Inc. (NASDAQ:GAIA) in the third quarter, according to its most recent filing with the SEC. The firm bought 10,082 shares of the company’s stock, valued at approximately $49,000. 40.53% of the stock is 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.