Gaia (NASDAQ:GAIA) Shares Pass Above 200-Day Moving Average – What’s Next?

Gaia, Inc. (NASDAQ:GAIA) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.63 and traded as high as $4.95. Gaia shares last traded at $4.87, with a volume of 71,994 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wall Street Zen assumed coverage on Gaia in a report on Sunday, April 13th. They set a “hold” rating for the company. Roth Mkm restated a “buy” rating and set a $9.00 price objective (down previously from $10.00) on shares of Gaia in a report on Tuesday, March 11th.

Gaia Stock Performance

The stock has a fifty day moving average of $4.80 and a 200-day moving average of $4.63. The company has a market cap of $122.09 million, a PE ratio of -23.19 and a beta of 1.04.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). The company had revenue of $23.84 million during the quarter, compared to analysts’ expectations of $24.18 million. Gaia had a negative return on equity of 5.41% and a negative net margin of 5.62%. As a group, equities analysts anticipate that Gaia, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Gaia

A number of institutional investors and hedge funds have recently bought and sold shares of the company. AWM Investment Company Inc. raised its position in Gaia by 17.2% during the 1st quarter. AWM Investment Company Inc. now owns 1,962,706 shares of the company’s stock valued at $7,556,000 after purchasing an additional 288,000 shares in the last quarter. Ameriprise Financial Inc. raised its position in Gaia by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 1,114,980 shares of the company’s stock valued at $5,006,000 after purchasing an additional 3,124 shares in the last quarter. S Squared Technology LLC raised its position in Gaia by 15.1% during the 1st quarter. S Squared Technology LLC now owns 723,305 shares of the company’s stock valued at $2,785,000 after purchasing an additional 95,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Gaia by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 406,911 shares of the company’s stock valued at $1,827,000 after purchasing an additional 27,289 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Gaia by 4.1% during the 4th quarter. Renaissance Technologies LLC now owns 190,500 shares of the company’s stock valued at $855,000 after purchasing an additional 7,460 shares in the last quarter. 40.53% of the stock is owned by institutional investors.

Gaia Company 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.