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

StockNews.com assumed coverage on shares of Gaia (NASDAQ:GAIA) in a research note issued to investors on Monday. The firm issued a buy rating on the stock.

Several other brokerages have also recently weighed in on GAIA. Lake Street Capital raised 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. Roth Capital upgraded shares of Gaia to a “strong-buy” rating in a report on Tuesday, February 11th. Finally, Roth Mkm began coverage on shares of Gaia in a research report on Tuesday, February 11th. They set a “buy” rating and a $10.00 price objective for the company.

Gaia Price Performance

GAIA stock opened at $4.71 on Monday. The business’s 50-day moving average is $4.93 and its two-hundred day moving average is $5.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market capitalization of $110.53 million, a P/E ratio of -17.44 and a beta of 0.71. Gaia has a 1 year low of $2.80 and a 1 year high of $6.53.

Hedge Funds Weigh In On Gaia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GAIA. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Gaia during the 3rd quarter worth approximately $49,000. Geode Capital Management LLC lifted its position 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 acquiring an additional 21,870 shares during the last quarter. Peapod Lane Capital LLC acquired a new position in Gaia in the fourth quarter valued at $2,804,000. Renaissance Technologies LLC grew its holdings in shares of Gaia by 4.1% during the fourth quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock worth $855,000 after purchasing an additional 7,460 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Gaia by 7.2% during the fourth 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 in the last quarter. 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.