S Squared Technology LLC Raises Stock Holdings in Gaia, Inc. $GAIA

Key Points

• S Squared Technology LLC increased its holdings in Gaia, Inc. by 15.1%, owning 723,305 shares valued at approximately $2.79 million.
• Several hedge funds, including AWM Investment Company Inc. and Dimensional Fund Advisors LP, also increased their stakes in Gaia, contributing to institutional investors owning 40.53% of the company's stock.
• Gaia reported a quarterly revenue of $24.63 million and earnings per share of ($0.07), exceeding analysts' expectations.

S Squared Technology LLC lifted its holdings in Gaia, Inc. (NASDAQ:GAIA - Free Report) by 15.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 723,305 shares of the company's stock after purchasing an additional 95,000 shares during the quarter. Gaia accounts for about 1.4% of S Squared Technology LLC's investment portfolio, making the stock its 25th biggest holding. S Squared Technology LLC owned 2.88% of Gaia worth $2,785,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp purchased a new stake in Gaia during the first quarter valued at $54,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Gaia by 21.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,453 shares of the company's stock valued at $79,000 after acquiring an additional 3,557 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Gaia by 42.2% during the first quarter. Goldman Sachs Group Inc. now owns 28,622 shares of the company's stock valued at $110,000 after acquiring an additional 8,500 shares during the last quarter. Huntleigh Advisors Inc. increased its position in Gaia by 16.9% during the first quarter. Huntleigh Advisors Inc. now owns 65,758 shares of the company's stock valued at $253,000 after acquiring an additional 9,483 shares during the last quarter. Finally, P.A.W. Capital Corp increased its position in Gaia by 8.6% during the first quarter. P.A.W. Capital Corp now owns 190,000 shares of the company's stock valued at $732,000 after acquiring an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 40.53% of the company's stock.

Gaia Price Performance

Gaia stock traded up $0.09 during mid-day trading on Friday, reaching $6.05. 28,933 shares of the stock traded hands, compared to its average volume of 34,184. The stock has a market capitalization of $151.91 million, a PE ratio of -31.84 and a beta of 0.88. Gaia, Inc. has a 12-month low of $2.93 and a 12-month high of $6.53. The business's 50-day moving average is $4.78 and its 200-day moving average is $4.54.

Gaia (NASDAQ:GAIA - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.01. The company had revenue of $24.63 million during the quarter, compared to analysts' expectations of $24.33 million. Gaia had a negative return on equity of 5.00% and a negative net margin of 5.06%. Equities analysts anticipate that Gaia, Inc. will post -0.23 EPS for the current fiscal year.

Gaia Profile

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.