Gaia (NASDAQ:GAIA) Downgraded to Hold at StockNews.com

Gaia (NASDAQ:GAIAGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other equities analysts have also recently weighed in on the company. Colliers Securities reiterated a “buy” rating and set a $12.00 price target on shares of Gaia in a report on Tuesday, March 1st. TheStreet cut Gaia from a “c” rating to a “d+” rating in a report on Tuesday, May 10th. Finally, B. Riley cut Gaia from a “buy” rating to a “neutral” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.33.

NASDAQ GAIA opened at $4.19 on Wednesday. The business has a fifty day moving average price of $4.86 and a 200 day moving average price of $6.25. Gaia has a one year low of $4.02 and a one year high of $12.42. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $87.05 million, a P/E ratio of 26.19 and a beta of 0.58.

Gaia (NASDAQ:GAIAGet Rating) last issued its earnings results on Monday, May 2nd. The company reported $0.01 earnings per share (EPS) for the quarter. Gaia had a return on equity of 4.65% and a net margin of 4.19%. The business had revenue of $21.83 million during the quarter, compared to the consensus estimate of $21.64 million. As a group, sell-side analysts predict that Gaia will post 0.04 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP boosted its stake in shares of Gaia by 12.6% in the 4th quarter. Royce & Associates LP now owns 575,605 shares of the company’s stock valued at $4,933,000 after buying an additional 64,456 shares during the period. MIC Capital Management UK LLP acquired a new stake in shares of Gaia during the 4th quarter worth about $10,598,000. Renaissance Technologies LLC raised 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 worth $648,000 after acquiring an additional 3,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Gaia by 12.1% during the 1st 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its position 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 worth $254,000 after acquiring an additional 2,483 shares in the last quarter. Institutional investors and hedge funds own 40.49% of the company’s stock.

Gaia Company Profile (Get Rating)

Gaia, Inc operates a digital video subscription service and on-line community for underserved member base in the United States, Canada, Australia, and internationally. It has a digital content library of approximately 10,000 titles in Spanish, German, and French languages available to its subscribers on internet-connected devices.

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