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

StockNews.com assumed coverage on shares of Gaia (NASDAQ:GAIA) in a research note released on Sunday. The brokerage issued a buy rating on the stock.

A number of other equities research analysts have also commented on the stock. Lake Street Capital raised their price objective on shares of Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Roth Capital upgraded Gaia to a “strong-buy” rating in a report on Tuesday, February 11th. Finally, Roth Mkm assumed coverage on Gaia in a report on Tuesday, February 11th. They set a “buy” rating and a $10.00 price objective for the company.

Gaia Price Performance

NASDAQ GAIA opened at $5.02 on Friday. 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 $117.80 million, a price-to-earnings ratio of -18.59 and a beta of 0.71. The business has a 50 day simple moving average of $4.99 and a 200 day simple moving average of $5.11. Gaia has a 52-week low of $2.78 and a 52-week high of $6.53.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Gaia during the 3rd quarter worth about $49,000. Topline Capital Management LLC bought a new stake in Gaia during the fourth quarter worth about $206,000. Renaissance Technologies LLC boosted its position in Gaia by 4.1% during the fourth quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock valued at $855,000 after purchasing an additional 7,460 shares during the last quarter. Geode Capital Management LLC grew its stake in Gaia by 13.9% in the third 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Gaia by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock worth $1,827,000 after purchasing an additional 27,289 shares during the last quarter. Institutional investors 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.