Gaia (NASDAQ:GAIA) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Gaia (NASDAQ:GAIAGet Rating) in a research report issued to clients and investors on Saturday. The brokerage set a “buy” rating on the stock.

Separately, B. Riley decreased their price target on Gaia from $5.00 to $4.00 in a research note on Tuesday, August 2nd.

Gaia Stock Performance

GAIA opened at $3.08 on Friday. Gaia has a 12-month low of $3.00 and a 12-month high of $11.06. The stock has a market cap of $64.08 million, a price-to-earnings ratio of 23.69 and a beta of 0.64. The business has a 50 day moving average of $3.61 and a 200-day moving average of $4.53. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.07.

Institutional Trading of Gaia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GAIA. MIC Capital Management UK LLP purchased a new position in Gaia in the fourth quarter valued at approximately $10,598,000. Royce & Associates LP grew its stake in shares of Gaia by 5.5% during the first quarter. Royce & Associates LP now owns 607,005 shares of the company’s stock valued at $2,986,000 after buying an additional 31,400 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Gaia by 2.3% during the first quarter. Renaissance Technologies LLC now owns 131,800 shares of the company’s stock worth $648,000 after purchasing an additional 3,000 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Gaia by 12.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 95,245 shares of the company’s stock worth $469,000 after purchasing an additional 10,263 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Gaia by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 51,808 shares of the company’s stock worth $254,000 after buying an additional 2,483 shares during the period. 50.92% of the stock is owned by institutional investors.

About Gaia

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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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