Gaia (NASDAQ:GAIA) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Gaia (NASDAQ:GAIA) in a research note issued to investors on Thursday morning. The firm issued a buy rating on the stock.

Separately, Lake Street Capital raised their price objective on shares of Gaia from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th.

Gaia Trading Up 7.3 %

NASDAQ GAIA opened at $5.85 on Thursday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06. Gaia has a 1-year low of $2.78 and a 1-year high of $6.53. The firm’s fifty day simple moving average is $5.22 and its 200-day simple moving average is $5.03. The company has a market capitalization of $137.30 million, a PE ratio of -21.67 and a beta of 0.69.

Gaia (NASDAQ:GAIA) last issued its earnings results on Monday, November 4th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. Gaia had a negative return on equity of 6.90% and a negative net margin of 7.23%. The company had revenue of $22.16 million for the quarter. As a group, sell-side analysts anticipate that Gaia will post -0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gaia

Several hedge funds have recently bought and sold shares of GAIA. Geode Capital Management LLC lifted its position in shares of Gaia by 13.9% in the third quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock worth $872,000 after buying an additional 21,870 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Gaia by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 338,638 shares of the company’s stock valued at $1,493,000 after acquiring an additional 13,865 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Gaia in the 3rd quarter valued at approximately $49,000. 40.53% of the stock is owned by institutional investors and hedge funds.

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.