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

StockNews.com began coverage on shares of Gaia (NASDAQ:GAIAGet Rating) in a report published on Monday. The brokerage issued a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Colliers Securities reissued a buy rating and issued a $12.00 price target on shares of Gaia in a research note on Tuesday, March 1st. TheStreet cut Gaia from a c rating to a d+ rating in a research note on Tuesday, May 10th. Finally, B. Riley lowered their target price on Gaia from $17.00 to $13.00 in a research note on Tuesday, March 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of $14.33.

Shares of GAIA opened at $4.90 on Monday. The business’s 50-day moving average price is $5.06 and its 200 day moving average price is $6.89. The stock has a market capitalization of $101.80 million, a P/E ratio of 30.63 and a beta of 0.59. Gaia has a 1-year low of $4.27 and a 1-year high of $13.91. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.07.

Gaia (NASDAQ:GAIAGet Rating) last issued its quarterly earnings results on Monday, May 2nd. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $21.83 million for the quarter, compared to analysts’ expectations of $21.64 million. Gaia had a return on equity of 4.65% and a net margin of 4.19%. On average, research analysts predict that Gaia will post 0.04 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Harber Asset Management LLC acquired a new stake in shares of Gaia during the 3rd quarter valued at about $2,521,000. Royce & Associates LP lifted its holdings in shares of Gaia by 12.6% during the 4th quarter. Royce & Associates LP now owns 575,605 shares of the company’s stock valued at $4,933,000 after buying an additional 64,456 shares during the last quarter. B. Riley Wealth Management Inc. acquired a new stake in shares of Gaia during the 3rd quarter valued at about $102,000. BlackRock Inc. lifted its holdings in shares of Gaia by 9.6% during the 3rd quarter. BlackRock Inc. now owns 447,374 shares of the company’s stock valued at $4,239,000 after buying an additional 39,324 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Gaia during the 3rd quarter valued at about $256,000. Institutional investors and hedge funds own 40.49% of the company’s stock.

Gaia Company Profile (Get Rating)

Gaia, Inc operates a digital video subscription service and on-line community for underserved member base in the United States, Canada, Australia, and internationally. It has a digital content library of approximately 10,000 titles in Spanish, German, and French languages available to its subscribers on internet-connected devices.

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