Gaia (NASDAQ:GAIA) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Gaia (NASDAQ:GAIA) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the stock.

A number of other brokerages also recently issued reports on GAIA. Roth Capital upgraded shares of Gaia to a “strong-buy” rating in a report on Tuesday, February 11th. Roth Mkm reissued a “buy” rating and set a $9.00 price target (down previously from $10.00) on shares of Gaia in a research note on Tuesday, March 11th.

Gaia Price Performance

Shares of NASDAQ:GAIA opened at $3.95 on Friday. Gaia has a 52 week low of $2.93 and a 52 week high of $6.53. The company has a 50-day moving average price of $4.19 and a 200 day moving average price of $4.94. The company has a market cap of $99.04 million, a P/E ratio of -14.63 and a beta of 1.00. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings results on Monday, March 10th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. Gaia had a negative return on equity of 6.90% and a negative net margin of 7.23%. The business had revenue of $24.43 million during the quarter, compared to analysts’ expectations of $24.40 million. Research analysts predict that Gaia will post -0.23 earnings per share for the current year.

Institutional Trading of Gaia

Several institutional investors and hedge funds have recently modified their holdings of GAIA. Topline Capital Management LLC acquired a new position in shares of Gaia during the 4th quarter worth approximately $206,000. Renaissance Technologies LLC lifted its position in shares of 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 acquiring an additional 7,460 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Gaia by 13.9% during 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. Dimensional Fund Advisors LP increased its position in Gaia by 7.2% during the 4th 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. Finally, Peapod Lane Capital LLC acquired a new position in Gaia in the 4th quarter valued at about $2,804,000. 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.