Renaissance Technologies LLC Increases Stock Holdings in Gaia, Inc. (NASDAQ:GAIA)

Renaissance Technologies LLC grew its position in Gaia, Inc. (NASDAQ:GAIA) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 190,500 shares of the company’s stock after acquiring an additional 7,460 shares during the quarter. Renaissance Technologies LLC owned about 0.81% of Gaia worth $855,000 at the end of the most recent reporting period.

Separately, Peapod Lane Capital LLC bought a new stake in shares of Gaia during the 4th quarter worth approximately $2,804,000. Institutional investors and hedge funds own 40.53% of the company’s stock.

Gaia Stock Down 1.0 %

NASDAQ:GAIA opened at $5.19 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market cap of $130.13 million, a PE ratio of -19.22 and a beta of 1.00. The company has a 50-day moving average of $4.08 and a 200 day moving average of $4.90. Gaia, Inc. has a 1-year low of $2.93 and a 1-year high of $6.53.

Gaia (NASDAQ:GAIA) last released its quarterly earnings results on Monday, March 10th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. Gaia had a negative return on equity of 6.90% and a negative net margin of 7.23%. The firm had revenue of $24.43 million during the quarter, compared to analyst estimates of $24.40 million. As a group, research analysts anticipate that Gaia, Inc. will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on GAIA. Roth Capital upgraded Gaia to a “strong-buy” rating in a research note on Tuesday, February 11th. Roth Mkm reaffirmed a “buy” rating and issued a $9.00 price target (down previously from $10.00) on shares of Gaia in a research note on Tuesday, March 11th. Finally, StockNews.com assumed coverage on shares of Gaia in a research report on Sunday, April 13th. They issued a “hold” rating for the company.

Gaia Profile

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.