Gaia (NASDAQ:GAIA) Now Covered by StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Gaia (NASDAQ:GAIAGet Rating) in a research report issued to clients and investors on Friday. The brokerage set a “buy” rating on the stock.

Separately, B. Riley dropped their price target on Gaia from $5.00 to $4.00 in a research report on Tuesday, August 2nd.

Gaia Stock Up 1.6 %

Shares of Gaia stock opened at $3.46 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.07. The business’s 50 day simple moving average is $3.69 and its 200-day simple moving average is $4.64. The stock has a market capitalization of $71.88 million, a price-to-earnings ratio of 26.58 and a beta of 0.64. Gaia has a twelve month low of $3.14 and a twelve month high of $11.06.

Hedge Funds Weigh In On Gaia

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIC Capital Management UK LLP bought a new position in Gaia in the 4th quarter worth approximately $10,598,000. Raymond James Financial Services Advisors Inc. bought a new position in Gaia in the 4th quarter worth approximately $108,000. Renaissance Technologies LLC boosted its stake in Gaia by 2.3% during the 1st quarter. Renaissance Technologies LLC now owns 131,800 shares of the company’s stock valued at $648,000 after purchasing an additional 3,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Gaia by 12.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 95,245 shares of the company’s stock valued at $469,000 after purchasing an additional 10,263 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Gaia by 5.0% during the 1st quarter. Bank of New York Mellon Corp now owns 51,808 shares of the company’s stock valued at $254,000 after purchasing an additional 2,483 shares in the last quarter. 50.92% of the stock is owned by institutional investors.

About Gaia

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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.

Further Reading

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