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

Equities researchers at StockNews.com initiated coverage on shares of Gaia (NASDAQ:GAIA) in a research note issued on Friday. The brokerage set a “buy” rating on the stock.

Several other brokerages have also commented on GAIA. Roth Mkm restated a “buy” rating and issued a $9.00 price objective (down from $10.00) on shares of Gaia in a report on Tuesday, March 11th. Roth Capital upgraded shares of Gaia to a “strong-buy” rating in a research report on Tuesday, February 11th.

Gaia Stock Down 7.8 %

Gaia stock opened at $3.69 on Friday. Gaia has a twelve month low of $3.03 and a twelve month high of $6.53. The company has a market capitalization of $92.52 million, a P/E ratio of -13.67 and a beta of 0.78. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of $4.76 and a 200-day moving average price of $5.09.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings data on Monday, March 10th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $24.43 million for the quarter, compared to analyst estimates of $24.40 million. Gaia had a negative return on equity of 6.90% and a negative net margin of 7.23%. As a group, equities analysts predict that Gaia will post -0.23 EPS for the current year.

Institutional Investors Weigh In On Gaia

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Gaia during the 3rd quarter valued at $49,000. Geode Capital Management LLC boosted its stake in Gaia by 13.9% during the third 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 in the last quarter. Peapod Lane Capital LLC purchased a new stake in Gaia in the fourth quarter worth about $2,804,000. Ameriprise Financial Inc. increased its stake in shares of Gaia by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,114,980 shares of the company’s stock valued at $5,006,000 after purchasing an additional 3,124 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Gaia by 7.2% during 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. 40.53% of the stock is owned by hedge funds and other institutional investors.

Gaia Company Profile

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.