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

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

Several other equities analysts also recently weighed in on the company. Roth Capital raised Gaia to a “strong-buy” rating in a research report on Tuesday, February 11th. Roth Mkm started coverage on Gaia in a research report on Tuesday, February 11th. They set a “buy” rating and a $10.00 price target for the company. Finally, Lake Street Capital raised their price target on Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

Gaia Stock Performance

Shares of GAIA stock opened at $5.06 on Friday. The stock has a fifty day moving average price of $5.00 and a 200 day moving average price of $5.11. The stock has a market cap of $118.76 million, a PE ratio of -18.74 and a beta of 0.71. Gaia has a 1 year low of $2.78 and a 1 year high of $6.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.43.

Institutional Investors Weigh In On Gaia

A number of hedge funds and other institutional investors have recently made changes to their positions in GAIA. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Gaia in the third quarter valued at $49,000. Geode Capital Management LLC grew its position in shares of 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 period. Peapod Lane Capital LLC purchased a new stake in shares of Gaia in the fourth quarter valued at $2,804,000. Renaissance Technologies LLC grew 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 purchasing an additional 7,460 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of 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 period. 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.