Gaia (NASDAQ:GAIA) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Gaia, Inc. (NASDAQ:GAIA) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.54 and traded as high as $5.91. Gaia shares last traded at $5.82, with a volume of 59,963 shares traded.

Analysts Set New Price Targets

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

Gaia Trading Down 1.4 %

The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The company has a market cap of $134.58 million, a price-to-earnings ratio of -23.92 and a beta of 0.63. The business’s 50 day moving average price is $4.94 and its 200-day moving average price is $4.57.

Gaia (NASDAQ:GAIA) last posted its earnings results on Monday, August 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). Gaia had a negative return on equity of 6.37% and a negative net margin of 6.68%. The company had revenue of $22.08 million for the quarter.

Institutional Investors Weigh In On Gaia

An institutional investor recently raised its position in Gaia stock. Dimensional Fund Advisors LP raised its position in Gaia, Inc. (NASDAQ:GAIA) by 4.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 338,638 shares of the company’s stock after acquiring an additional 13,865 shares during the period. Dimensional Fund Advisors LP owned approximately 1.44% of Gaia worth $1,493,000 as of its most recent filing with the SEC. 40.53% of the stock is owned by institutional investors and hedge funds.

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.