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

StockNews.com assumed coverage on shares of Gaia (NASDAQ:GAIAGet Rating) in a research note issued on Saturday. The firm set a “buy” rating on the stock.

Several other research firms have also commented on GAIA. Colliers Securities reissued a “buy” rating and issued a $12.00 price objective on shares of Gaia in a research note on Tuesday, March 1st. B. Riley decreased their price target on shares of Gaia from $17.00 to $13.00 in a research note on Tuesday, March 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $14.33.

Shares of GAIA opened at $5.38 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.50 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $110.04 million, a P/E ratio of 33.63 and a beta of 0.59. The firm has a 50-day moving average price of $5.35 and a 200 day moving average price of $7.40. Gaia has a 12-month low of $4.43 and a 12-month high of $13.91.

Gaia (NASDAQ:GAIAGet Rating) last announced its earnings results on Monday, February 28th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.08. The company had revenue of $20.83 million during the quarter, compared to analyst estimates of $21.01 million. Gaia had a net margin of 4.19% and a return on equity of 4.65%. During the same quarter last year, the firm posted $0.02 earnings per share. Equities research analysts predict that Gaia will post 0.04 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Marshall Wace North America L.P. increased its holdings in shares of Gaia by 76.1% in the 1st quarter. Marshall Wace North America L.P. now owns 7,498 shares of the company’s stock valued at $69,000 after acquiring an additional 3,240 shares during the period. B. Riley Wealth Management Inc. acquired a new position in Gaia in the 3rd quarter valued at $102,000. Raymond James Financial Services Advisors Inc. acquired a new position in Gaia in the 4th quarter valued at $108,000. JPMorgan Chase & Co. increased its stake in Gaia by 5.8% in the 4th quarter. JPMorgan Chase & Co. now owns 26,688 shares of the company’s stock valued at $229,000 after buying an additional 1,458 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Gaia in the 3rd quarter valued at $256,000. 40.49% of the stock is currently owned by institutional investors and hedge funds.

About Gaia (Get Rating)

Gaia, Inc operates a digital video subscription service and on-line community for underserved member base in the United States, Canada, Australia, and internationally. It has a digital content library of approximately 10,000 titles in Spanish, German, and French languages available to its subscribers on internet-connected devices.

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