StockNews.com Lowers Gaia (NASDAQ:GAIA) to Hold

StockNews.com cut shares of Gaia (NASDAQ:GAIA) from a strong-buy rating to a hold rating in a report released on Wednesday morning.

Gaia Stock Performance

Gaia stock traded down $0.17 during midday trading on Wednesday, reaching $4.06. 47,854 shares of the company’s stock were exchanged, compared to its average volume of 31,525. The stock’s 50-day simple moving average is $4.64 and its 200 day simple moving average is $3.86. The firm has a market cap of $95.19 million, a price-to-earnings ratio of -16.92 and a beta of 0.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.60 and a current ratio of 0.60. Gaia has a 52 week low of $2.12 and a 52 week high of $5.19.

Gaia (NASDAQ:GAIA) last issued its earnings results on Monday, August 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). Gaia had a negative return on equity of 5.98% and a negative net margin of 6.29%. The business had revenue of $22.08 million for the quarter.

Institutional Trading of Gaia

Several hedge funds and other institutional investors have recently modified their holdings of GAIA. Acuitas Investments LLC grew its holdings in Gaia by 0.5% in the 2nd quarter. Acuitas Investments LLC now owns 498,944 shares of the company’s stock valued at $2,200,000 after buying an additional 2,624 shares in the last quarter. Marquette Asset Management LLC grew its stake in shares of Gaia by 7.0% in the fourth quarter. Marquette Asset Management LLC now owns 89,713 shares of the company’s stock valued at $242,000 after acquiring an additional 5,883 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Gaia by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 338,638 shares of the company’s stock valued at $1,493,000 after acquiring an additional 13,865 shares in the last quarter. Finally, Sapient Capital LLC bought a new position in Gaia during the fourth quarter worth about $88,000. Institutional investors own 40.53% of the company’s stock.

Gaia Company Profile

Gaia, Inc operates a digital video subscription service and online community for underserved member base in the United States, Canada, Australia, and internationally. The company has a digital content library with various titles in Spanish, German, and French languages available to its subscribers on internet connected devices.