Gaia (NASDAQ:GAIA) Stock Passes Above Two Hundred Day Moving Average of $3.46

Gaia, Inc. (NASDAQ:GAIA)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.46 and traded as high as $4.61. Gaia shares last traded at $4.29, with a volume of 91,555 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Gaia in a research report on Wednesday, May 22nd. They issued a “strong-buy” rating for the company.

Gaia Stock Performance

The stock has a market capitalization of $103.40 million, a P/E ratio of -18.38 and a beta of 0.61. The company has a 50-day moving average price of $4.35 and a two-hundred day moving average price of $3.47. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.07.

Gaia (NASDAQ:GAIA) last issued its earnings results on Monday, May 6th. The company reported ($0.05) EPS for the quarter. Gaia had a negative net margin of 6.29% and a negative return on equity of 5.98%. The firm had revenue of $21.69 million during the quarter.

Hedge Funds Weigh In On Gaia

Hedge funds have recently added to or reduced their stakes in the stock. Sapient Capital LLC acquired a new position in Gaia during the 4th quarter valued at about $88,000. Marquette Asset Management LLC boosted its stake in Gaia by 7.0% during the 4th quarter. Marquette Asset Management LLC now owns 89,713 shares of the company’s stock valued at $242,000 after purchasing an additional 5,883 shares during the last quarter. Finally, Acuitas Investments LLC boosted its stake in Gaia by 10.0% during the 4th quarter. Acuitas Investments LLC now owns 439,025 shares of the company’s stock valued at $1,185,000 after purchasing an additional 39,938 shares during the last quarter. Institutional investors and hedge funds own 40.53% of the company’s stock.

About Gaia

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.