Gaia (NASDAQ:GAIA) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Gaia (NASDAQ:GAIA) in a report issued on Friday. The firm issued a buy rating on the stock.

Separately, Lake Street Capital raised their target price on shares of Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

Gaia Price Performance

NASDAQ:GAIA opened at $5.62 on Friday. Gaia has a 12-month low of $2.78 and a 12-month high of $6.53. The firm has a market capitalization of $131.88 million, a price-to-earnings ratio of -20.81 and a beta of 0.69. The stock’s 50 day moving average price is $5.19 and its two-hundred day moving average price is $5.08. 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, November 4th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) 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 $22.16 million for the quarter. On average, analysts anticipate that Gaia will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Peapod Lane Capital LLC bought a new position in shares of Gaia during the fourth quarter worth approximately $2,804,000. Dimensional Fund Advisors LP grew its position in Gaia by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 338,638 shares of the company’s stock worth $1,493,000 after buying an additional 13,865 shares in the last quarter. Geode Capital Management LLC increased its stake in Gaia by 13.9% during the 3rd quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock worth $872,000 after acquiring an additional 21,870 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Gaia in the 3rd quarter valued at $49,000. 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.