Gaia (NASDAQ:GAIA) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Gaia (NASDAQ:GAIA) in a research note issued to investors on Sunday. The brokerage set a “buy” rating on the stock.

Gaia Price Performance

GAIA stock opened at $3.89 on Friday. The stock’s 50 day moving average price is $3.24 and its 200 day moving average price is $2.93. The firm has a market cap of $90.36 million, a P/E ratio of -16.21 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.51 and a current ratio of 0.51. Gaia has a 1 year low of $2.11 and a 1 year high of $4.08.

Gaia (NASDAQ:GAIA) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($0.08) earnings per share for the quarter. Gaia had a negative return on equity of 6.06% and a negative net margin of 6.57%. The company had revenue of $20.71 million during the quarter.

Institutional Investors Weigh In On Gaia

Hedge funds have recently modified their holdings of the company. AWM Investment Company Inc. raised its position in shares of Gaia by 48.4% in the third quarter. AWM Investment Company Inc. now owns 1,097,865 shares of the company’s stock valued at $2,986,000 after buying an additional 358,145 shares during the last quarter. Acuitas Investments LLC boosted its position in Gaia by 10.0% during the fourth quarter. Acuitas Investments LLC now owns 439,025 shares of the company’s stock worth $1,185,000 after acquiring an additional 39,938 shares during the last quarter. Marquette Asset Management LLC grew its stake in Gaia by 7.0% in the 4th quarter. Marquette Asset Management LLC now owns 89,713 shares of the company’s stock worth $242,000 after acquiring an additional 5,883 shares during the period. Finally, Sapient Capital LLC acquired a new position in Gaia in the 4th quarter valued at $88,000. 40.53% of the stock is owned by institutional investors and hedge funds.

About Gaia

Gaia, Inc operates a digital video subscription service and online community for underserved member base in the United States, Canada, Australia, and internationally. The company has a digital content library with various titles in Spanish, German, and French languages available to its subscribers on internet connected devices.