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

Analysts at StockNews.com initiated coverage on shares of Gaia (NASDAQ:GAIA – Get Rating) in a note issued to investors on Saturday. The firm set a “buy” rating on the stock.

Gaia Trading Down 1.3 %

NASDAQ GAIA opened at $2.94 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.07. Gaia has a 52 week low of $2.05 and a 52 week high of $6.40. The stock has a market capitalization of $61.18 million, a PE ratio of -294.00 and a beta of 0.96. The firm has a 50 day moving average of $3.04 and a two-hundred day moving average of $2.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC grew its holdings in Gaia by 259.6% during the 3rd quarter. Citadel Advisors LLC now owns 23,779 shares of the company’s stock worth $58,000 after acquiring an additional 38,679 shares in the last quarter. Morgan Stanley raised its position in Gaia by 2,160.5% in the 4th quarter. Morgan Stanley now owns 46,634 shares of the company’s stock valued at $111,000 after purchasing an additional 44,571 shares during the last quarter. Marquette Asset Management LLC purchased a new position in Gaia during the 4th quarter worth $200,000. Acadian Asset Management LLC raised its position in Gaia by 15.1% during the 1st quarter. Acadian Asset Management LLC now owns 41,984 shares of the company’s stock worth $205,000 after buying an additional 5,505 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Gaia by 5.0% during the 1st 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 last quarter. Institutional investors and hedge funds own 35.35% of the company’s stock.

About Gaia

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Gaia, Inc operates a global digital video streaming subscription service and online community. The firm provides its services through the following channels: Seeking Truth, Transformation, Alternative Healing and Yoga. The company was founded by Jirka Rysavy on July 7, 1988 and is headquartered in Louisville, CO.