Lake Street Capital Boosts Gaia (NASDAQ:GAIA) Price Target to $7.00

Gaia (NASDAQ:GAIA) had its price target lifted by Lake Street Capital from $6.00 to $7.00 in a research note published on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

Separately, StockNews.com assumed coverage on shares of Gaia in a research report on Friday, September 6th. They set a “hold” rating on the stock.

Gaia Trading Up 9.0 %

Shares of Gaia stock opened at $5.96 on Tuesday. The firm has a market cap of $139.76 million, a price-to-earnings ratio of -23.84 and a beta of 0.62. Gaia has a 52-week low of $2.35 and a 52-week high of $6.10. The company’s 50-day simple moving average is $5.14 and its 200-day simple moving average is $4.67. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.06.

Gaia (NASDAQ:GAIA) last issued its earnings results on Monday, November 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Gaia had a negative return on equity of 6.37% and a negative net margin of 6.68%. The business had revenue of $22.16 million during the quarter.

Institutional Investors Weigh In On Gaia

A hedge fund recently raised its stake in Gaia stock. Dimensional Fund Advisors LP boosted its position in Gaia, Inc. (NASDAQ:GAIA) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 338,638 shares of the company’s stock after purchasing an additional 13,865 shares during the period. Dimensional Fund Advisors LP owned about 1.44% of Gaia worth $1,493,000 as of its most recent SEC filing. Institutional investors 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.