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

Posted by on Jun 8th, 2023

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

Gaia Stock Performance

Gaia stock opened at $2.56 on Thursday. Gaia has a twelve month low of $2.05 and a twelve month high of $5.23. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $53.32 million, a P/E ratio of -12.77 and a beta of 0.98. The stock’s 50 day moving average is $2.88 and its 200 day moving average is $2.87.

Gaia (NASDAQ:GAIA – Get Rating) last issued its quarterly earnings results on Monday, March 6th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $19.58 million for the quarter. Gaia had a negative net margin of 5.42% and a negative return on equity of 4.61%. During the same period in the previous year, the firm earned $0.11 EPS.

Institutional Trading of Gaia

Several institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its holdings in shares of 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 buying an additional 2,483 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Gaia by 15.1% in the 1st quarter. Acadian Asset Management LLC now owns 41,984 shares of the company’s stock worth $205,000 after purchasing an additional 5,505 shares during the period. Charles Schwab Investment Management Inc. raised its position in Gaia by 12.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 95,245 shares of the company’s stock worth $469,000 after acquiring an additional 10,263 shares during the period. Renaissance Technologies LLC grew its position in shares of 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 acquiring an additional 3,000 shares during the period. Finally, Citadel Advisors LLC increased its stake in shares of Gaia by 259.6% in the 3rd quarter. Citadel Advisors LLC now owns 23,779 shares of the company’s stock worth $58,000 after purchasing an additional 38,679 shares in the last quarter. 35.35% of the stock is currently owned by hedge funds and other institutional investors.

About Gaia

(Get Rating)

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.

Read More

Receive News & Ratings for Gaia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaia and related companies with MarketBeat.com's FREE daily email newsletter.