Gaia (NASDAQ:GAIA) Rating Increased to Strong-Buy at Roth Capital

Roth Capital upgraded shares of Gaia (NASDAQ:GAIA) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on GAIA. StockNews.com initiated coverage on shares of Gaia in a research report on Saturday. They set a “buy” rating on the stock. Roth Mkm began coverage on shares of Gaia in a report on Tuesday. They issued a “buy” rating and a $10.00 price objective on the stock. Finally, Lake Street Capital upped their price objective on shares of Gaia from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th.

Gaia Price Performance

GAIA stock opened at $5.01 on Tuesday. The firm has a market cap of $117.58 million, a P/E ratio of -18.56 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.43. Gaia has a 1 year low of $2.78 and a 1 year high of $6.53. The stock has a 50-day simple moving average of $5.08 and a 200-day simple moving average of $5.11.

Institutional Trading of Gaia

Institutional investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in Gaia during the 3rd quarter worth approximately $49,000. Geode Capital Management LLC raised its position 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 acquiring an additional 21,870 shares in the last quarter. Finally, Peapod Lane Capital LLC bought a new position in Gaia during the fourth quarter worth $2,804,000. 40.53% of the stock is owned by institutional investors and hedge funds.

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.