Gaia (NASDAQ:GAIA) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Gaia (NASDAQ:GAIA) in a report issued on Sunday. The firm issued a buy rating on the stock.

Gaia Stock Down 2.3 %

Shares of NASDAQ GAIA opened at $3.74 on Friday. The firm has a fifty day simple moving average of $3.30 and a two-hundred day simple moving average of $2.95. The firm has a market capitalization of $86.88 million, a PE ratio of -15.58 and a beta of 0.79. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.07. Gaia has a 12 month low of $2.11 and a 12 month high of $4.09.

Gaia (NASDAQ:GAIA) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($0.08) earnings per share (EPS) 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 made changes to their positions in the company. AWM Investment Company Inc. increased its stake in shares of Gaia by 48.4% in the 3rd quarter. AWM Investment Company Inc. now owns 1,097,865 shares of the company’s stock worth $2,986,000 after acquiring an additional 358,145 shares in the last quarter. Sapient Capital LLC bought a new stake in Gaia during the fourth quarter worth about $88,000. Acuitas Investments LLC grew its holdings in Gaia by 10.0% in the fourth quarter. Acuitas Investments LLC now owns 439,025 shares of the company’s stock worth $1,185,000 after purchasing an additional 39,938 shares during the period. Finally, Marquette Asset Management LLC increased its stake in shares of Gaia by 7.0% during the fourth quarter. Marquette Asset Management LLC now owns 89,713 shares of the company’s stock valued at $242,000 after purchasing an additional 5,883 shares in the last quarter. 40.53% of the stock is currently 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.