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

Research analysts at StockNews.com assumed coverage on shares of Gaia (NASDAQ:GAIA – Get Rating) in a report issued on Monday. The firm set a “buy” rating on the stock.

Gaia Price Performance

NASDAQ:GAIA opened at $3.60 on Monday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $74.90 million, a P/E ratio of -360.00 and a beta of 0.74. Gaia has a 12 month low of $2.05 and a 12 month high of $7.76. The business’s 50-day moving average is $2.71 and its 200 day moving average is $2.98.

Gaia (NASDAQ:GAIA – Get Rating) last issued its quarterly earnings data on Monday, November 7th. The company reported ($0.11) earnings per share for the quarter. Gaia had a positive return on equity of 0.55% and a negative net margin of 0.11%. The company had revenue of $19.91 million for the quarter, compared to the consensus estimate of $20.30 million. During the same period in the previous year, the firm earned $0.03 earnings per share.

Institutional Investors Weigh In On Gaia

Several large investors have recently added to or reduced their stakes in GAIA. Bank of New York Mellon Corp increased its stake in Gaia by 5.0% during the first quarter. Bank of New York Mellon Corp now owns 51,808 shares of the company’s stock worth $254,000 after acquiring an additional 2,483 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Gaia by 15.1% during the first quarter. Acadian Asset Management LLC now owns 41,984 shares of the company’s stock valued at $205,000 after buying an additional 5,505 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Gaia by 12.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 95,245 shares of the company’s stock valued at $469,000 after buying an additional 10,263 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Gaia by 2.3% during the first quarter. Renaissance Technologies LLC now owns 131,800 shares of the company’s stock valued at $648,000 after buying an additional 3,000 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Gaia by 259.6% during the third quarter. Citadel Advisors LLC now owns 23,779 shares of the company’s stock valued at $58,000 after buying an additional 38,679 shares during the last quarter. 35.35% of the stock is owned by institutional investors.

Gaia Company Profile

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Gaia, Inc operates a global digital video streaming subscription service and online community. The firm provides its services through the following channels: Seeking Truth, Transformation, Alternative Healing and Yoga. The company was founded by Jirka Rysavy on July 7, 1988 and is headquartered in Louisville, CO.