Gaia (NASDAQ:GAIA) Share Price Passes Above 200-Day Moving Average - Here's Why

Gaia, Inc. (NASDAQ:GAIA - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.71 and traded as high as $5.27. Gaia shares last traded at $4.98, with a volume of 47,328 shares trading hands.

Analyst Upgrades and Downgrades

GAIA has been the topic of several recent analyst reports. Wall Street Zen initiated coverage on Gaia in a research note on Sunday, April 13th. They set a "hold" rating on the stock. Roth Mkm restated a "buy" rating and set a $9.00 price objective (down previously from $10.00) on shares of Gaia in a report on Tuesday, March 11th.

Gaia Stock Up 1.4%

The business has a fifty day moving average price of $4.57 and a two-hundred day moving average price of $4.70. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market capitalization of $126.87 million, a price-to-earnings ratio of -18.74 and a beta of 1.04.

Gaia (NASDAQ:GAIA - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.04) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.04). The business had revenue of $23.84 million for the quarter, compared to analyst estimates of $24.18 million. Gaia had a negative return on equity of 6.90% and a negative net margin of 7.23%. On average, equities analysts expect that Gaia, Inc. will post -0.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in shares of Gaia by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,114,980 shares of the company's stock valued at $5,006,000 after purchasing an additional 3,124 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Gaia by 21.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,453 shares of the company's stock valued at $79,000 after purchasing an additional 3,557 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Gaia by 4.1% in the fourth quarter. Renaissance Technologies LLC now owns 190,500 shares of the company's stock valued at $855,000 after purchasing an additional 7,460 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Gaia by 42.2% in the first quarter. Goldman Sachs Group Inc. now owns 28,622 shares of the company's stock worth $110,000 after buying an additional 8,500 shares during the last quarter. Finally, Huntleigh Advisors Inc. boosted its stake in shares of Gaia by 16.9% in the first quarter. Huntleigh Advisors Inc. now owns 65,758 shares of the company's stock worth $253,000 after buying an additional 9,483 shares during the last quarter. 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.