Gaia (NASDAQ:GAIA) Upgraded by StockNews.com to “Strong-Buy”

StockNews.com upgraded shares of Gaia (NASDAQ:GAIA) from a buy rating to a strong-buy rating in a report released on Tuesday.

Gaia Stock Performance

Shares of Gaia stock opened at $2.70 on Tuesday. Gaia has a one year low of $2.05 and a one year high of $4.03. The company has a market cap of $57.11 million, a price-to-earnings ratio of -9.64 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.60 and a current ratio of 0.60. The business’s 50 day moving average price is $2.59 and its 200 day moving average price is $2.57.

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

Insider Buying and Selling

In other Gaia news, Chairman Jirka Rysavy bought 100,000 shares of Gaia stock in a transaction on Tuesday, October 3rd. The shares were bought at an average price of $2.70 per share, for a total transaction of $270,000.00. Following the completion of the transaction, the chairman now directly owns 5,975,061 shares of the company’s stock, valued at $16,132,664.70. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have purchased 144,444 shares of company stock worth $378,549. 35.44% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gaia

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. James Investment Research Inc. purchased a new stake in Gaia in the first quarter valued at $29,000. NewEdge Advisors LLC raised its position in Gaia by 1,087.6% in the first quarter. NewEdge Advisors LLC now owns 11,876 shares of the company’s stock valued at $33,000 after purchasing an additional 10,876 shares during the period. Polaris Wealth Advisory Group LLC purchased a new stake in Gaia in the first quarter valued at $43,000. Citadel Advisors LLC raised its position in Gaia by 259.6% in the third quarter. Citadel Advisors LLC now owns 23,779 shares of the company’s stock valued at $58,000 after purchasing an additional 38,679 shares during the period. Finally, Morgan Stanley grew its stake in shares of Gaia by 2,160.5% in the fourth quarter. Morgan Stanley now owns 46,634 shares of the company’s stock valued at $111,000 after buying an additional 44,571 shares in the last quarter. Hedge funds and other institutional investors own 30.64% of the company’s stock.

About Gaia

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.