Gaia (NASDAQ:GAIA) Coverage Initiated by Analysts at Roth Mkm

Investment analysts at Roth Mkm initiated coverage on shares of Gaia (NASDAQ:GAIA) in a research note issued on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $10.00 price target on the stock. Roth Mkm’s target price would suggest a potential upside of 100.00% from the stock’s current price.

Other equities analysts have also issued research reports about the company. StockNews.com assumed coverage on Gaia in a report on Saturday. They set a “buy” rating on the stock. Lake Street Capital raised their price target on Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

Gaia Stock Performance

NASDAQ GAIA opened at $5.00 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. Gaia has a 52-week low of $2.78 and a 52-week high of $6.53. The business’s 50-day moving average price is $5.10 and its 200 day moving average price is $5.11. The firm has a market cap of $117.35 million, a P/E ratio of -18.52 and a beta of 0.71.

Institutional Investors Weigh In On Gaia

A number of hedge funds have recently added to or reduced their stakes in the company. Peapod Lane Capital LLC acquired a new stake in Gaia in the fourth quarter valued at about $2,804,000. Geode Capital Management LLC lifted its position in Gaia by 13.9% in the third quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock valued at $872,000 after purchasing an additional 21,870 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Gaia in the third quarter valued at about $49,000. 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.