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

Research analysts at StockNews.com initiated coverage on shares of Gaia (NASDAQ:GAIA) in a research report issued to clients and investors on Sunday. The brokerage set a “buy” rating on the stock.

Gaia Trading Up 4.2 %

Shares of GAIA stock opened at $2.46 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.60 and a current ratio of 0.60. Gaia has a 1 year low of $2.05 and a 1 year high of $4.03. The stock has a fifty day moving average of $2.34 and a two-hundred day moving average of $2.67. The firm has a market capitalization of $52.04 million, a PE ratio of -8.79 and a beta of 0.96.

Gaia (NASDAQ:GAIA) last announced its earnings results on Monday, July 31st. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $19.84 million for the quarter. Gaia had a negative return on equity of 6.89% and a negative net margin of 7.80%.

Institutional Trading of Gaia

Several hedge funds have recently added to or reduced their stakes in GAIA. Bank of New York Mellon Corp lifted its position in shares of 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 period. Acadian Asset Management LLC increased its stake in shares of Gaia by 15.1% in the 1st quarter. Acadian Asset Management LLC now owns 41,984 shares of the company’s stock valued at $205,000 after buying an additional 5,505 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Gaia by 12.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 95,245 shares of the company’s stock valued at $469,000 after buying an additional 10,263 shares during the period. Renaissance Technologies LLC grew its stake 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. Finally, Citadel Advisors LLC grew its stake in shares of Gaia by 259.6% during the third quarter. Citadel Advisors LLC now owns 23,779 shares of the company’s stock worth $58,000 after purchasing an additional 38,679 shares during the period. Institutional investors own 31.22% of the company’s stock.

Gaia Company Profile

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 with various titles in Spanish, German, and French languages available to its subscribers on internet-connected devices.