Gaia (NASDAQ:GAIA) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Gaia (NASDAQ:GAIA) in a research report released on Saturday. The firm issued a buy rating on the stock.

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

Gaia Price Performance

Shares of GAIA opened at $5.00 on Friday. The firm has a 50-day simple moving average of $5.10 and a two-hundred day simple moving average of $5.11. The stock has a market cap of $117.35 million, a PE ratio of -18.52 and a beta of 0.71. Gaia has a 1-year low of $2.78 and a 1-year high of $6.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43.

Hedge Funds Weigh In On Gaia

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Gaia during the 3rd quarter worth approximately $49,000. Geode Capital Management LLC lifted its holdings in 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 in the last quarter. Finally, Peapod Lane Capital LLC purchased a new position in Gaia in the 4th quarter valued at approximately $2,804,000. 40.53% of the stock is currently owned by hedge funds and other 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.