Gaia (GAIA) Receives New Coverage from Analysts at Dougherty & Co

Dougherty & Co initiated coverage on shares of Gaia (NASDAQ:GAIA) in a report published on Wednesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $22.00 price objective on the stock.

A number of other research firms also recently weighed in on GAIA. BidaskClub raised shares of Gaia from a buy rating to a strong-buy rating in a research note on Saturday, March 17th. B. Riley assumed coverage on shares of Gaia in a research note on Monday, March 26th. They set a buy rating and a $23.00 price target for the company. Lake Street Capital reissued a buy rating and set a $20.00 price target (up from $17.00) on shares of Gaia in a research note on Tuesday, February 27th. Finally, TheStreet raised shares of Gaia from a d+ rating to a c- rating in a research note on Monday, February 26th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Gaia currently has an average rating of Buy and a consensus price target of $21.67.

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NASDAQ:GAIA opened at $15.50 on Wednesday. The company has a market cap of $235.43, a P/E ratio of -9.87 and a beta of 0.95. Gaia has a fifty-two week low of $9.75 and a fifty-two week high of $17.70.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings results on Monday, February 26th. The company reported ($0.37) earnings per share for the quarter. The business had revenue of $8.43 million for the quarter. Gaia had a negative return on equity of 28.29% and a negative net margin of 82.26%. analysts predict that Gaia will post -1.52 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of GAIA. Dimensional Fund Advisors LP raised its stake in shares of Gaia by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 173,676 shares of the company’s stock worth $1,945,000 after buying an additional 46,379 shares during the last quarter. Geode Capital Management LLC grew its holdings in Gaia by 35.1% during the fourth quarter. Geode Capital Management LLC now owns 138,771 shares of the company’s stock valued at $1,720,000 after purchasing an additional 36,047 shares during the period. Millennium Management LLC grew its holdings in Gaia by 82.8% during the fourth quarter. Millennium Management LLC now owns 55,656 shares of the company’s stock valued at $690,000 after purchasing an additional 25,202 shares during the period. Deutsche Bank AG grew its holdings in Gaia by 14.1% during the fourth quarter. Deutsche Bank AG now owns 91,628 shares of the company’s stock valued at $1,134,000 after purchasing an additional 11,343 shares during the period. Finally, Suntrust Banks Inc. acquired a new position in Gaia during the fourth quarter valued at approximately $136,000. 32.02% of the stock is owned by institutional investors and hedge funds.

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Gaia Company Profile

Gaia, Inc, formerly Gaiam, Inc, is engaged in providing global digital video subscription service. The Company is a global digital video streaming service and online community delivering curated media to its subscribers in over 120 countries. It provides its members access to approximately 7,000 video titles.

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