Gaia (NASDAQ:GAIA) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Gaia (NASDAQ:GAIA) in a research report sent to investors on Wednesday morning. The firm issued a buy rating on the stock.

Gaia Price Performance

Shares of Gaia stock opened at $2.90 on Wednesday. Gaia has a 1-year low of $2.11 and a 1-year high of $3.33. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $66.73 million, a price-to-earnings ratio of -14.50 and a beta of 0.78. The firm has a fifty day simple moving average of $2.94 and a 200-day simple moving average of $2.77.

Hedge Funds Weigh In On Gaia

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in Gaia by 1,087.6% in the 1st quarter. NewEdge Advisors LLC now owns 11,876 shares of the company’s stock valued at $33,000 after acquiring an additional 10,876 shares during the period. Citadel Advisors LLC raised its position in Gaia by 259.6% during the third quarter. Citadel Advisors LLC now owns 23,779 shares of the company’s stock valued at $58,000 after purchasing an additional 38,679 shares in the last quarter. Sapient Capital LLC bought a new position in shares of Gaia in the 4th quarter valued at $88,000. Morgan Stanley raised its holdings in shares of Gaia by 2,160.5% during the 4th quarter. Morgan Stanley now owns 46,634 shares of the company’s stock worth $111,000 after buying an additional 44,571 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of 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 buying an additional 5,505 shares during the last quarter. Institutional investors and hedge funds own 40.53% of the company’s stock.

About Gaia

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 with various titles in Spanish, German, and French languages available to its subscribers on internet-connected devices.