StockNews.com Initiates Coverage on Gaia (NASDAQ:GAIA)

StockNews.com assumed coverage on shares of Gaia (NASDAQ:GAIA) in a research report report published on Wednesday morning. The brokerage issued a strong-buy rating on the stock.

Gaia Stock Performance

NASDAQ:GAIA opened at $4.53 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $106.23 million, a price-to-earnings ratio of -18.88 and a beta of 0.68. The firm’s fifty day moving average price is $3.72 and its 200 day moving average price is $3.13. Gaia has a 1-year low of $2.11 and a 1-year high of $4.60.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings results on Wednesday, March 27th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $20.71 million for the quarter. Gaia had a negative return on equity of 5.98% and a negative net margin of 6.29%.

Institutional Trading of Gaia

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AWM Investment Company Inc. grew its holdings in 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 purchasing an additional 358,145 shares during the last quarter. Sapient Capital LLC purchased a new stake in Gaia in the 4th quarter valued at approximately $88,000. Acuitas Investments LLC grew its holdings in Gaia by 10.0% during the 4th quarter. Acuitas Investments LLC now owns 439,025 shares of the company’s stock valued at $1,185,000 after buying an additional 39,938 shares during the last quarter. Finally, Marquette Asset Management LLC increased its position in Gaia by 7.0% during the fourth quarter. Marquette Asset Management LLC now owns 89,713 shares of the company’s stock worth $242,000 after buying an additional 5,883 shares in the last quarter. Institutional investors and hedge funds own 40.53% of the company’s stock.

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.