Gaia (NASDAQ:GAIA) PT Lowered to $4.00

Gaia (NASDAQ:GAIAGet Rating) had its price target lowered by B. Riley from $5.00 to $4.00 in a research note released on Tuesday, The Fly reports. B. Riley also issued estimates for Gaia’s Q3 2022 earnings at $0.00 EPS, Q4 2022 earnings at $0.00 EPS, FY2022 earnings at $0.02 EPS, Q1 2023 earnings at $0.02 EPS, Q2 2023 earnings at $0.03 EPS, Q3 2023 earnings at $0.01 EPS, Q4 2023 earnings at $0.03 EPS and FY2023 earnings at $0.08 EPS.

A number of other research firms also recently weighed in on GAIA. TheStreet downgraded shares of Gaia from a c rating to a d+ rating in a research note on Tuesday, May 10th. StockNews.com started coverage on shares of Gaia in a research note on Sunday, July 31st. They issued a buy rating on the stock.

Gaia Stock Performance

NASDAQ:GAIA opened at $3.31 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.43 and a debt-to-equity ratio of 0.07. The company has a market cap of $68.77 million, a P/E ratio of 25.46 and a beta of 0.60. Gaia has a fifty-two week low of $3.30 and a fifty-two week high of $11.19. The firm’s 50 day moving average is $4.29 and its two-hundred day moving average is $5.29.

Institutional Investors Weigh In On Gaia

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in Gaia by 5.0% during the 1st quarter. Bank of New York Mellon Corp now owns 51,808 shares of the company’s stock worth $254,000 after acquiring an additional 2,483 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Gaia by 2.3% during the 1st quarter. Renaissance Technologies LLC now owns 131,800 shares of the company’s stock worth $648,000 after acquiring an additional 3,000 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Gaia by 15.1% during the 1st quarter. Acadian Asset Management LLC now owns 41,984 shares of the company’s stock worth $205,000 after acquiring an additional 5,505 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Gaia by 12.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 95,245 shares of the company’s stock worth $469,000 after acquiring an additional 10,263 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Gaia during the 4th quarter worth $108,000. Hedge funds and other institutional investors own 40.49% of the company’s stock.

Gaia Company Profile

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Gaia, Inc operates a digital video subscription service and on-line community for underserved member base in the United States, Canada, Australia, and internationally. It has a digital content library of approximately 10,000 titles in Spanish, German, and French languages available to its subscribers on internet-connected devices.

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