StockNews.com Begins Coverage on Gaia (NASDAQ:GAIA)

Stock analysts at StockNews.com assumed coverage on shares of Gaia (NASDAQ:GAIA) in a research note issued to investors on Sunday. The firm set a “buy” rating on the stock.

Other research analysts have also recently issued research reports about the company. Roth Mkm initiated coverage on Gaia in a report on Tuesday, February 11th. They issued a “buy” rating and a $10.00 target price on the stock. Lake Street Capital upped their target price on Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Roth Capital raised Gaia to a “strong-buy” rating in a research report on Tuesday, February 11th.

Gaia Price Performance

Shares of Gaia stock opened at $5.06 on Friday. Gaia has a twelve month low of $2.78 and a twelve month high of $6.53. The stock has a market capitalization of $118.76 million, a P/E ratio of -18.74 and a beta of 0.71. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06. The business’s fifty day moving average price is $5.00 and its 200 day moving average price is $5.11.

Institutional Investors Weigh In On Gaia

Institutional investors and hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Gaia in the third quarter valued at about $49,000. Geode Capital Management LLC boosted its holdings 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 during the last quarter. Peapod Lane Capital LLC purchased a new position in Gaia in the fourth quarter valued at about $2,804,000. Renaissance Technologies LLC boosted its holdings in Gaia by 4.1% in 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. Finally, Dimensional Fund Advisors LP boosted its holdings in Gaia by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock valued at $1,827,000 after purchasing an additional 27,289 shares during the last quarter. Hedge funds and other 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.