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

Equities researchers at StockNews.com started coverage on shares of Gaia (NASDAQ:GAIA) in a research report issued to clients and investors on Friday. The firm set a “buy” rating on the stock.

Gaia Stock Up 1.6 %

GAIA opened at $3.73 on Friday. Gaia has a one year low of $2.11 and a one year high of $3.94. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.51 and a current ratio of 0.51. The stock’s fifty day moving average is $3.06 and its 200-day moving average is $2.84. The company has a market capitalization of $86.65 million, a PE ratio of -15.54 and a beta of 0.79.

Institutional Trading of Gaia

A number of hedge funds and other institutional investors have recently modified their holdings of GAIA. Bank of New York Mellon Corp raised its stake in shares of Gaia by 5.0% in 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 in the last quarter. Acadian Asset Management LLC raised its position in shares of Gaia by 15.1% during the first quarter. Acadian Asset Management LLC now owns 41,984 shares of the company’s stock worth $205,000 after purchasing an additional 5,505 shares during the period. Charles Schwab Investment Management Inc. raised its position 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. Renaissance Technologies LLC raised its position 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 raised its position 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 40.53% 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.